September 4, 2025
Daimler Truck Layoffs at Mount Holly Plant Daimler Truck is set to lay off 573 employees at its Mount Holly manufacturing facility and services center on Friday. Employees will receive pay through September 9 for their work at this plant, known primarily for producing Freightliner trucks. Temporary Layoff Information The mass layoff due to reduced […]
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September 3, 2025
Understanding Commercial Pickup Truck Insurance Pickup trucks are highly adaptable vehicles, ideal for transporting tools and equipment to various job sites. However, their costs can be significant, making a suitable commercial pickup truck insurance policy critical for your business’s protection. Insurance Costs and Coverage Generally, pickup trucks tend to have lower insurance premiums compared to […]
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September 3, 2025
The increasing expense of truck insurance is causing some smaller fleet managers to prepare for potential financial challenges, leading drivers to rethink their vehicle financing options. Insurance rates for vehicles are on the rise overall, but many commercial truckers find these costs harder to substantiate. The increase is attributed to “unfavorable underwriting experiences, rising loss […]
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September 2, 2025
Essential Updates on Nikola Motors’ Bankruptcy Nikola Motors declared bankruptcy in February 2025, which has posed significant difficulties for California trucking companies that acquired its zero-emission semis. Operators are grappling with unavailable replacement parts, insufficient manufacturer support, and high costs of hydrogen fuel, rendering their trucks non-operational. One owner is currently bearing the cost of […]
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September 2, 2025
Tow Truck Operators Shift Blame in Price Gouging Debate WASHINGTON — Tow truck operators, responding to accusations of widespread price gouging by their industry, argue that insurance companies share the responsibility for rising costs. The Federal Trade Commission (FTC) addressed allegations of overpricing by towing firms against motor carriers in a proposed rulemaking last year, […]
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September 1, 2025
Food Trucks: A Metaphor for Marketplace Evolution PHOENIX–According to one expert, food trucks represent a significant evolution in the marketplace. While street food has always existed, food trucks introduce a mobile dining experience that utilizes social media for location updates, leverages big data, and enables mobile payments, explained James Wester, research director at IDC Financial […]
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August 31, 2025
Penske Automotive Group and Rush Enterprises experienced declines in finance and insurance earnings in the third quarter; however, they noted increased sales in various sectors as a positive aspect. Although the commercial trucking sector has recently shown signs of improvement, the third-quarter results for these dealers reveal ongoing challenges like low freight rates, high interest […]
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August 31, 2025
Major Shift in Fleets’ Insurance Expectations SAN FRANCISCO, Aug. 28, 2025 /PRNewswire/ — A significant change is underway in the commercial insurance landscape as 2025 approaches. The newly released 2025 Claims Experience Report indicates that 88% of truck fleet operators believe that the insurance claims process needs substantial improvement. This shift signals a critical point […]
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August 30, 2025
Financial Management for Growing Fleets emphasized practical finance rather than abstract theories like spreadsheets. The focus was on the reality of business growth and the challenges it poses—particularly when you surpass three to five trucks without a structured financial approach. At that point, growth can feel less like progress and more like a gamble. “More […]
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August 30, 2025
A significant majority of fleets believe that claims services need enhancement, indicating a major shift in commercial insurance expectations. SAN FRANCISCO, Aug. 28, 2025 /PRNewswire/ — Traditionally, commercial fleets have settled for “good enough” insurance, but 2025 marks a crucial change. The latest 2025 Claims Experience Report reveals that an impressive 88% of truck fleet […]
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