Tagged: TransportInsurance

Even without a pandemic, U.S. trucking was looking at a tough time this year. When the year began, the industry was coming off a challenging 2019, when overcapacity and weak pricing forced at least 795 trucking companies to close. It’s important to note that a great many small carriers close every year. That’s because a disproportionate number of them are lightly funded, one-person operations. Still, closings last year were inordinately high, according to industry studies. 0

Feds Charge 11 With Staging Crashes

Feds Charge 11 with staging crashes following a widespread investigation into staged crashes targeting truckers and their insurance companies. In late August, the U.S. Attorney’s Office Eastern District of Louisiana announced that 11 people had…

For independent trucking operators, the largest chunk of their insurance costs is liability coverage, which pays for injuries and property damage from a wreck. For over-the-road drivers, the Federal Motor Carrier Safety Administration (FMCSA) requires 0

Truckers Liability Insurance Pinch

For independent trucking operators, the largest chunk of their insurance costs is liability coverage, which pays for injuries and property damage from a wreck. For over-the-road drivers, the Federal Motor Carrier Safety Administration (FMCSA) requires

Fleetwood Transportation Truck, Fleetwood Transportation Closes Business, Fleetwood Transportation Closure 0

Fleetwood Transportation Closes

Fleetwood Transportation, a Texas-based flatbed and oil-field truckload carrier, closed its operations Jan 2. The company cited rising insurance costs as the primary reason for the closure. The carrier had 252 trucks, 673 trailers…

Hazardous Labels 0

Hazmat Carriers Need Special Insurance

There are more than 1.5 billion tons of hazardous materials (hazmat) transported each year in the United States either by truck, train, boat or aircraft, according to U.S. Department of Transportation and Commerce. Many federal…

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