Author: Trucker Talk Radio
Gallagher’s recent analysis of commercial insurance trends highlights several significant challenges that trucking fleets are expected to encounter by 2025, including escalating claims costs, risks associated with artificial intelligence (AI), and geopolitical instability. The cost of insurance claims is escalating due to heightened litigation, substantial jury verdicts, and broader definitions of liability. This phenomenon, termed social inflation, tops Gallagher’s list of trends for Q1 2025. Gallagher notes a record number of “nuclear” verdicts (over $10 million) and “thermonuclear” verdicts (over $100 million), driven by a growing public sentiment that businesses can absorb high damage costs. The increase in litigation financing…
Stay Updated with LAist If you find this article engaging, subscribe to our daily newsletter, The LA Report. Each weekday, you can catch up on the five most vital stories in just three minutes or less. As diesel trucks wait their turn at a terminal in the Port of Long Beach, an electric big-rig truck enters a nearby area under one of the tall port bridges. This location is designated to be one of California’s largest charging depots for electric trucks, capable of servicing up to 500 trucks daily by summer. The truck is owned by Jennie Abarca, who runs…
Understanding High Driver Turnover in Trucking The trucking sector is characterized by significant driver turnover rates for various reasons. The Nature of Trucking Jobs One primary factor is that many trucking positions require drivers to be on the road. Unlike local drivers who report to a specific location daily, over-the-road (OTR) drivers list their home address merely as a “domicile” for company records, indicating where they return for time off. This flexible nature allows drivers to change carriers easily since they often live in their trucks for extended periods. Reasons Behind Driver Departures Drivers leave their companies for multiple reasons.…
HDB Financial Services Launches Eighth Transport Aarogyam Kendra in Vijayawada HDB Financial Services (HDBFS) proudly announces the opening of its eighth Transport Aarogyam Kendra (TAK) in Vijayawada, Andhra Pradesh, in partnership with MAMTA Health Institute for Mother and Child (Mamta-HIMC). This healthcare facility is specifically designed to address the health needs of truck drivers who often encounter various health issues such as musculoskeletal disorders and chronic pain due to the long hours spent driving and limited healthcare access. This initiative reinforces HDB’s dedication to enhancing the lives of truck drivers, who play a vital role in the nation’s economy and…
LADSON, S.C. (WCIV) — Experience a one-of-a-kind event with a “western” twist! On April 5, the Lowcountry community will have the opportunity to enjoy the Lowcountry Autism Foundation’s Heavy Equipment Rodeo and Touch a Truck event. All proceeds from this event will support the Lowcountry Autism Foundation. Participants will compete in various activities designed to assess agility, dexterity, and speed, all for the title of “BEST OF THE BEST” and the prestigious Grand Champion Rodeo Belt. The competition will feature heavy machinery like excavators, bulldozers, and skid steers. READ MORE | Summer-long fishing tournament promises exciting catches and cash rewards.…
WASHINGTON – An organizer from one of the truck convoys planning to head to D.C. later this week announced intentions to block the Capital Beltway. Download the FOX 5 DC News App for Local Breaking News and Weather Bob Bolus, who runs a truck parts and towing company in Scranton, stated in a Sunday interview that the convoy will be positioned along the Beltway, effectively closing it down. Bolus indicated that he would depart Pennsylvania on Wednesday morning, traveling through D.C. before reaching the Beltway. Explaining their strategy, Bolus likened their approach to a giant boa constrictor, stating, “It squeezes…
You might experience yet another delay with the package you were anticipating. The ongoing Red Sea crisis, characterized by continuous assaults on commercial shipping, has had ripple effects on global supply chains, particularly since 30% of the world’s container traffic passes through the Suez Canal. This situation exemplifies the frequent global supply chain disruptions faced today, which may arise from factors such as the COVID-19 pandemic, fluctuations in freight prices, deteriorating infrastructure, or drought conditions in the Panama Canal. Such cascading challenges have compelled businesses to reassess and seek more resilient and sustainable methods of material sourcing and shipping management.…
WASHINGTON — President-elect Donald Trump and Vice President-elect JD Vance are poised to significantly impact key trucking policies that could have major financial consequences, particularly regarding truck automation and electric vehicles. While there is an extensive list of regulations and legislation pending that affect the trucking industry, here are the Top 10 significant policies that the Trump-Vance administration, together with Congress, is expected to address over the next four years, listed without any particular order. 1. Standards for Internal Combustion Engines Trump-Vance: They are likely to adjust standards to levels deemed technologically achievable for internal combustion engines, extend compliance timelines,…
Hidden Truths on America’s Highways America’s highways harbor a grim reality. In the last forty years, numerous deceased individuals have been found lying along the roadways connecting various regions of the nation. The Victims and the Perpetrators Many of these bodies belong to murdered women, often linked to sex trafficking, a matter that has caught the FBI’s attention. They have identified a specific demographic associated with these crimes: long-haul truck drivers, with approximately 200 out of 850 instances remaining unsolved. Insights from a Former FBI Agent Frank Figliuzzi, a former FBI Assistant Director for Counterintelligence, has authored a book titled…
Custom Truck One Source (CTOS), which focuses on vehicle rentals and sales as well as construction machinery and cranes, recorded stable total revenue for the fourth quarter, accompanied by a notable rise in equipment rental earnings. The total revenue for Q4 2024 reached $520.7 million, marginally down from $521.8 million in Q4 2023. Rental income for this quarter was $125.5 million, an increase from $120.2 million in the same quarter last year, reflecting a 4.4% growth. Meanwhile, equipment sales in Q4 totaled $359.3 million, slightly lower than the $367 million reported in the fourth quarter of 2023, marking a decline…