Category: Trucking Operations

The commercial trucking industry has faced many hurdles over the past two years. In an industry filled with myriad logistical, liability, and operational risks, fuel pricing is one that has the potential to upend business operations. Latent demand for crude oil as world economies reemerge from their pandemic lockdowns has caused oil prices to climb; … Continue reading “Crude Oil Price Increase Leads to More Expensive Diesel Fuel”

It is no secret that the coronavirus pandemic of 2020 has created significant economic hurdles felt across industries. The commercial trucking sector, deemed essential for transporting medical supplies and consumer goods, fared better than most but still faced driver shortages, supply chain interruptions, and economic downturns. The role of trucking insurance in protecting against business-related … Continue reading “Gas Shortages Predicted Summer 2021”

Self-driven or autonomous vehicles have been a staple of science fiction since the early part of the 20th century. Today, advances in technology have brought autonomous vehicles to life. In the commercial trucking sector, these autonomous vehicles have the potential to forever change the industry. Will those changes be positive, or will the impacts of … Continue reading “How Will Autonomous Vehicles Impact the Trucking Industry?”

Tow truck operators perform valuable services, especially when motorists break down at the side of the road or become stranded in severe weather. Operators of these vehicles face unique risks in the commercial transportation industry; the tow truck and business assets as well as the property of others can incur expensive losses. Tow truck insurance … Continue reading “Insurance Requirements for Tow Truck Operators”

Advantageous tax strategies are an important aspect of the modern business environment. In the trucking industry, many factors can influence tax liabilities each year. The question of allowing certain big-ticket infrastructure expenses – trucking improvements, replacements, rebuilds, and extensive repairs – to depreciate or not creates its own set of challenges. Just as trucking insurance … Continue reading “Exploring Trucking Improvements and Equipment For Tax Purposes”

Despite the challenges posed by COVID-19 on the commercial trucking industry, freight levels have continued to outpace expectations. There are many factors that have reversed low consumer demands in the early part of 2020, and by the end of the year, the commercial transportation industry was nearly back to pre-pandemic levels. Still, challenges remain, and … Continue reading “Freight Demand & Concerns On the Rise”

As the coronavirus pandemic continues its hold on the American economy, trucking companies are experiencing a new challenge: a rise in cargo thefts. While cargo thefts have long been a part of commercial truck shipping, the increase in recent months has been attributed to desperation on the part of criminals facing economic hardships. Trucking insurance … Continue reading “Year-Round Cargo Theft Prevention Techniques”

The year 2020 has been unprecedented in practically every way. Even the trucking industry, arguably a reliable source of power in the American economy, has been hit hard by the ongoing pandemic. The sector lost nearly 90,000 jobs in April alone, part of a nationwide loss of 20.5 million jobs in response to COVID-19. However, the … Continue reading “Trucking Trends for 2021 & Beyond”

According to the Labor Department, the transportation sector—and the trucking industry, specifically—has been slow to recover following the initial spread of COVID-19. And while the job market continues to open back up, albeit slower than desired, truck driver turnover and higher capacity in the trucking sector are creating a tough situation on the road. Trucking … Continue reading “Driver Turnover Could Prolong Capacity Concerns”