Addressing the Trucking Industry’s Multi-Million Dollar Insurance Challenge
March 1, 2026
WASHINGTON — The Federal Motor Carrier Safety Administration (FMCSA) has alerted Congress about a significant “insurance gap” that is making the American trucking sector increasingly vulnerable. In its 2026 quadrennial report to lawmakers, the agency presented a concerning situation for the industry: while estimates for the number of active, for-hire interstate property carriers have decreased […]
Read articleNavigating the Trucking Insurance Landscape: Key Insights from the 2026 FMCSA Report
March 1, 2026
Feb 28, 2026 Insurance Shortfall in Trucking Sector The Federal Motor Carrier Safety Administration (FMCSA) has reported to Congress about a critical gap in insurance within the trucking industry in its 2026 quadrennial report. The report reveals an industry structure of more than 456,000 active interstate property carriers that transport 12 billion tons of freight, […]
Read articleNavigating Financial Risks: Insights from the FMCSA 2026 Trucking Insurance Report
February 28, 2026
Feb 28, 2026 A recent report from the Federal Motor Carrier Safety Administration (FMCSA) submitted to Congress reveals a critical financial risk for the trucking industry. The 2026 quadrennial assessment highlights a significant insurance shortfall, pointing out that the median legal awards in serious cases have surged dramatically since the last evaluation. The number of […]
Read articleUnderstanding the Basics: How It Works with Real-Life Examples
February 28, 2026
Key Considerations: In a Cost, Insurance, and Freight (CIF) agreement, the buyer takes on the responsibility for import expenses and final delivery once goods arrive at the designated port. If the cargo suffers damage during transit, the buyer must submit a claim to the seller’s insurance provider. CIF is akin to Carriage and Insurance Paid […]
Read articleAddressing the Trucking Industry’s Insurance Shortfall
February 27, 2026
FMCSA Warns of Significant “Insurance Gap” in Trucking WASHINGTON — The Federal Motor Carrier Safety Administration (FMCSA) has alerted Congress to a substantial “insurance gap” that is making the American trucking sector increasingly vulnerable. Shifting Landscape of the Trucking Industry In its latest 2026 quadrennial report to lawmakers, the agency revealed a concerning new reality: […]
Read articleEssential Coverage for Fleets: Understanding UM and UIM Insurance
February 24, 2026
February 24, 2026 1:00 PM, EST Key Takeaways: Eckert emphasizes that uninsured and underinsured motorist property damage coverage is essential for fleets, given that nearly 1 in 7 drivers in the U.S. is uninsured. Insufficient coverage from at-fault drivers can leave trucking companies vulnerable to repair costs, income loss due to downtime, and additional expenses. […]
Read articleDaimler Truck Financial Services Launches Operations
February 24, 2026
Introduction of Daimler Truck Financial Services Daimler Truck Financial Services (DTFS), a new financial service provider, officially launched on December 1, 2021, in seven countries: Australia, Brazil, Japan, Canada, Mexico, South Africa, and the USA. The company’s expansion will continue into 2022 and 2023, with plans to enter additional global markets, including Argentina, Belgium, the […]
Read articleInnovative Charging-as-a-Service Solution for Electric Trucks and Buses by Daimler Truck Financial Services and Electrada
February 23, 2026
Partnership for Sustainable Transportation Daimler Truck Financial Services, a leading provider of financial services for commercial vehicles, is teaming up with Electrada, known for its electric vehicle charging infrastructure, to assist Daimler Truck customers in transitioning to sustainable transportation solutions. They have formalized an agreement to launch a Charging-as-a-Service (CaaS) initiative, set to debut with […]
Read articleVolvo Financial Services Announces New Managing Director for South Africa
February 23, 2026
Appointment of New Managing Director at Volvo Financial Services South Africa Volvo Financial Services (VFS) has declared the appointment of Nina Bratlie as the new Managing Director for its South African operations, set to take effect on February 1, 2026. As the financial division of the Volvo Group, VFS specializes in customized financing, leasing, and […]
Read articleTop Trucking Insurance Providers for 2026
February 22, 2026
Choosing the right commercial trucking insurance goes beyond just selecting a well-known brand. The ideal choice for motor carriers and professional drivers is one that fits their operational needs, meets regulatory and contractual obligations, and provides reliable service during critical times, especially when filing claims. Top 8 Commercial Trucking Insurance Providers (2026) 1) Progressive Commercial […]
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