No matter what upfront costs insurers show on their websites, the actual commercial truck insurance cost is different or hidden. It happens because there’s certain variables that influence commercial truck interest rates. However, the good news is that truckers can take certain measures to reduce their rates.
The trucking industry has had issues with retaining their drivers and growing their fleets for years. This issue is somewhat related to the new rules and regulations in the trucking industry. The $1.2 trillion infrastructure bill, in this regard, is no exception. The bill is expected to have a significant impact on truckers and fleets.
Apparently, the bill aims to improve the water systems, railways, and highways throughout the country. As a result, the government plans to set aside more than $110 billion for infrastructure work. The remaining funds will be used to improve ports, public transit, and railroads.
The bill includes regulations that will have a large impact on fleets. Whether you’re a trucker or own a fleet, learning how the infrastructure bill will impact your business is crucial.
Managing operational efficiency by cutting costs is one of the important parts of a fleet manager’s job. Though it’s not something new for the experienced trucker, factors like supply chain disruptions, lost workdays, and decreasing operational costs have made it a significant issue.
That is to say, with plenty of overheads such as asset maintenance and fuel charges, fleet managers need new ways to reduce operational costs.
Here we enlist five ways you can optimize your operational expenses.
Regular pickup trucks make the right choice when you just want to cruise around or handle light tasks. However, if you need to haul heavy stuff and transport shipments, only heavy-duty pickup trucks can do the job. Perfect for any heavyweights in the trucking business, HD pickups can serve your particular purpose.
However, with tons of options available, choosing the right heavy-duty pickup truck can overwhelm you. Don’t fret if you’re inexperienced in choosing an HD pickup truck. We have you covered with a list of the most reliable options to pick from.
Did you know that unwarranted lawsuits, damage from crashes, and costs that come with transporting goods has spiked significantly?
This has caused commercial transportation insurance to rise, making this subject the biggest concern for fleet leaders. According to the American Transportation Research Institute, increasing insurance costs is the fifth largest issue truckers face.
Due to an increase in claims being filed, most insurance carriers have increased their premium rates. Increasing insurance premiums has gradually turned into a trend over the years.
The driver shortage in different parts of the US has become a persistent problem. This complicated issue ultimately ties into multiple lifestyle choices according to Bob Costello, Chief Economist of American Trucking Associations.
The trucking industry is experiencing a significant shortage of truck drivers and needs an additional 60,800 truckers to progress. The booming industry will need more than 105,000 truckers by 2023 if hiring efforts do not improve.
Costello identified many factors worsening the shortage of drivers, including the pandemic’s effects on vehicle and driver schools. Many fleet companies are also not willing to pay drivers their desired amount. Also, some will often cancel the contract if drivers visit their homes frequently.
Another major factor that Costello associated with the driver shortage is Drug and Alcohol Clearinghouse from the FMCSA. It’s the database that contains information regarding drug and alcohol violations of commercial drivers. Though ATA considers FMCSA’s Drug and Alcohol Clearinghouse a beneficial step, it has impacted the driver pool.
If you run a truck fleet, learning how FMCSA’s Drug and Alcohol Clearinghouse contributes to the issue of driver shortage is beneficial.
The legislative body of Minneapolis has imposed a new restriction banning larger trucks from parking on the streets. The restriction aims to improve protection measures for citizens. Modifying an existing ban on parking, the city council wants to make zoning districts safe for residents. It’s a citywide ban that includes all larger trucks.
The newly placed ban seems to be a good decision for the residents of the city. However, it might cause a lot of trouble for truckers. Let’s delve into the details to determine the impact of the ban on truck drivers.
The US’s commercial motor vehicle authorities placed more than 1,151 vehicles out of service due to rule violations. During a one-day inspection in May, 8,658 trucks were evaluated according to the Commercial Vehicle Safety Alliance. They had a similar inspection in Mexico and Canada. The authorities inspected more than 10,091 vehicles and found 1,273 out of service; particularly for brake-related breaches.
The safety alliance announces the dates for brake safety week each year publicly in advance. This year’s break safety week will take place August 22nd to the 28th.
With the number of cars on highways increasing, the Federal Motor Safety Administration stresses using safe driving tips and techniques. According to Meera Joshi- Deputy Commissioner FMCSA, trucks and heavy vehicles are essential. They play an important role in keeping stores supplied with food and medicines and transporting people safely to their destinations.
However, driving a big rig on the highway can be dangerous in many ways. Therefore, you have to be skilled to ensure that you are properly aware of all the tips and tricks of driving large trucks. You have to be vigilant while you are on the road. As a commercial driver, you’re responsible to operate courteously and safely while obeying traffic signage and speed.
Hence, you should drive with full attention and be fully compliant with state and federal rules. Mentioned below are some of the ways you can keep yourself safe if you’re a commercial driver.