Trucker Talk Radio
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Category: <span>Financial & Insurance Insights</span>

Understanding trucking operational expenses through 6 charts

Understanding Trucking Operational Expenses Through 6 Charts

April 18, 2025

The beginning of a new year presents an opportunity for companies to develop budgets and establish financial objectives. A Morgan Stanley survey indicates that numerous fleets anticipate sustained tight capacity, high demand, and elevated rates this year. Carriers are optimistic that extensive vaccine distribution will lead to a stronger 2021, especially for transportation sectors that […]

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Trucking industry backs bipartisan effort to reduce lawsuit abuse

Trucking Industry Backs Bipartisan Effort to Reduce Lawsuit Abuse

April 18, 2025

New Legislation Tackles Staged Accidents, Fraudulent Claims, and Financing Arlington, Virginia – The American Trucking Associations has expressed its support for the newly introduced Highway Accident Fairness Act of 2021, spearheaded by Representatives Henry Cuellar (D-TX-28) and Garret Graves (R-LA-6). The legislation aims to alleviate the financial strain on trucking companies by addressing fraudulent insurance […]

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Top 3 tow truck insurance providers you should consider

Top 3 Tow Truck Insurance Providers You Should Consider

April 17, 2025

Commercial tow truck insurance is designed to safeguard businesses that earn revenue by towing disabled vehicles. This guide will provide towing business owners and contractors with essential information regarding the acquisition of tow truck insurance, including coverage details, policy structures, insurance rates, and tips for comparing providers. Top Tow Truck Insurance Providers Before diving into […]

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Banks freeze accounts tied to trucker protest

Banks Freeze Accounts Tied to Trucker Protest

April 17, 2025

Introduction Canadian banks have initiated the freezing of accounts belonging to individuals associated with the trucker protests in Canada. The federal government plans to take further steps to restrict more accounts in the coming days as part of efforts to disperse demonstrators from Ottawa, where a blockade has persisted for nearly a month. Announcement of […]

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Progressive insurance introduces enhanced cargo plus coverage

Progressive Insurance Introduces Enhanced Cargo Plus Coverage

April 16, 2025

Insurance Provider Enhances Motor Truck Cargo Coverage MAYFIELD VILLAGE, Ohio, April 16, 2025 /PRNewswire/ — Progressive Insurance has introduced Cargo Plus, a new endorsement that broadens the Motor Truck Cargo coverage available to for-hire truckers and other qualifying customers. Motor Truck Cargo coverage provides protection when a trucker is legally responsible for damage to goods […]

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Data gaps stymie growth in liability insurance rates

Data Gaps Stymie Growth in Liability Insurance Rates

April 16, 2025

Trucking updates and briefs for Monday, May 16, 2022: FMCSA Informs Congress: Insurance Industry Hindering Increased Requirements This month, the Federal Motor Carrier Safety Administration (FMCSA) presented a report to Congress highlighting that the lack of transparency within the insurance industry is a key factor preventing the agency from backing an increase to the $750,000 […]

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How trucking companies can reduce health costs for drivers

How Trucking Companies Can Reduce Health Costs for Drivers

April 15, 2025

The Health Risks of Truck Driving Truck driving is widely recognized as one of the least healthy jobs in the U.S. due to the detrimental effects of unhealthy work environments and adverse working patterns. Many drivers face a variety of health issues throughout their careers, including obesity, sleep apnea, diabetes, high blood pressure, and heart […]

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Understanding its essence and functionality

Understanding Its Essence and Functionality

April 15, 2025

What Is Delivered Duty Unpaid (DDU)? Delivered Duty Unpaid (DDU) refers to an outdated term in international trade where the seller is responsible for ensuring that goods are delivered safely to a specified destination. The seller covers all shipping expenses and assumes all risks involved during transit. Upon arrival at the designated location, the buyer […]

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Navigating the challenges in transportation and logistics

Navigating the Challenges in Transportation and Logistics

April 14, 2025

Challenges in Talent Acquisition and Retention The failure to attract and retain top talent, which ranks eighth among risks, is a considerable challenge for the industry, distinct from the broader workforce shortage, ranked fifth. Many respondents from the sector have noted a shortage of skilled personnel, which can be attributed to two main factors: the […]

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Mismanagement sinks former tony's express: insights from ex workers and drivers

Mismanagement Sinks Former Tony’s Express: Insights from Ex-Workers and Drivers

April 14, 2025

Former drivers and employees of Tony’s Express claim that financial mismanagement by new owner John Ohle caused the collapse of the 70-year-old trucking company. Tony’s Express, based in Fontana, California, ceased operations on March 28 after Ohle and others sent multiple text messages beginning on March 24, notifying employees that trucking would be halted the […]

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