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”
A Missouri-based trucking company settled two separate class-action trucking lawsuits with its truck drivers after battling in the nation’s Supreme Court for years. According to the suits, up to 26,000 current and former drivers are eligible for a $28 million payout from the company, New Prime Inc. Each trucking lawsuit involved truck drivers for Prime who … Continue reading “Major Lawsuit Shines Light on Unfair Trucker Pay”
In the ongoing legal battle surrounding California’s controversial AB-5 decision, which reclassifies truck drivers among other things, regional transportation associations have been looking for some guidance. The state’s Attorney general, trucking companies, independent trucking contractors, and Uber and Lyft are all involved in the matter, as all are trying to find common ground when it … Continue reading “AB-5 Update: Construction Truckers Covered”
According to the U.S. Department of Transportation, nearly 500,000 trucking accidents occur every year in the United States. Of these, approximately 5,000 trucking accidents result in death. What’s more, one out of every eight traffic fatalities involve a trucking accident. While not every accident can be avoided, there are ways in which trucking professionals can … Continue reading “Before the Drive: Vehicle Inspection for Trucking Operations”
