April 3, 2025
Understanding Commercial Truck Financing Purchasing a commercial vehicle, such as a semi truck or trailer, represents a major expense for your business. With prices for new semi trucks reaching up to $250,000, it’s likely that you will need to secure a loan. The good news is that a variety of financing options are accessible for […]
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April 2, 2025
Commercial truck insurance is not exclusively for trucking companies. If you or your employees operate trucks as part of your small business, it’s crucial to ensure you have appropriate insurance protection. Here’s what you should know about commercial truck insurance. How It Works If you or your employees use trucks in your business, commercial truck […]
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April 2, 2025
New Jersey’s New Insurance Requirement: A Landmark Change Gary La Spisa, the vice president of the ICNJ, which advocates for insurance providers, collaborated with lawmakers to develop a bill that establishes New Jersey’s insurance requirement as the highest in the nation. In an interview with FreightWaves, La Spisa expressed that his organization views it as […]
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April 1, 2025
Mergers and acquisitions in the trucking sector are primarily driven by strategic growth initiatives, market consolidation, and various operational, financial, and regulatory factors. However, research from the Harvard Business Review indicates that between 70-90% of acquisitions fail to meet expectations. During a panel discussion at the Truckload Carriers Association’s annual convention in Nashville, Murray Mullen, […]
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April 1, 2025
Move over Silicon Valley, as the newest leader in fintech is emerging, and it’s not located in California. Over the past few years, Atlanta has been rapidly expanding its fintech industry, posing a significant challenge to historic financial hubs like London and New York City. The city’s growth in fintech has garnered it the nickname […]
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March 31, 2025
For many years, the Owner-Operator Independent Drivers Association (OOIDA) has played a crucial role in the trucking sector, not only due to its advocacy efforts but also as a prominent provider of affordable commercial truck insurance specifically for independent owner-operators. Empowering Independent Truck Drivers OOIDA’s involvement in the truck insurance market stemmed from a pressing […]
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March 31, 2025
Importance of API Integrations for Trucking Telematics API integrations play a vital role for companies in the trucking telematics sector. They facilitate smooth communication between different systems, enhance operational efficiency, enable precise tracking of fleet activities, and allow for integration with other specialized industry tools, ultimately improving fleet management capabilities. Example: Plaid’s Impact on Fintech […]
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March 30, 2025
Federal Charges Filed Against Individuals Linked to California Insurance Company OAKLAND, Calif. — Three individuals associated with a now-defunct California insurance agency, which specialized in automobile liability insurance for truck drivers and small trucking firms, have been indicted on fraud charges in federal court. Charges Unveiled In a news announcement from United States Attorney Ismail […]
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March 29, 2025
A new bill proposing a 566% increase in minimum liability insurance for motor carriers has re-entered Congress. On December 22, Representative Jesus “Chuy” Garcia, a Democrat from Illinois, introduced the Fair Compensation for Truck Crash Victims Act, which aims to raise the required minimum insurance coverage from $750,000 to $5 million. Representative Hank Johnson, a […]
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March 29, 2025
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 […]
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