Here at TruckInsuranceQuotes.com, we frequently monitor the industry to bring our clients news that affects them the most. Below we outline some trucking insurance regulations set to take effect in 2021 as well as speculation on changes in the transportation industry under the new president.
What’s the Difference Between a Contract Rate or a Spot Rate?
When transferring something via freight, you’re usually given either contract rates or spot rates. Contract rates or spot rates are very different and are used for different things, which also explains why they vary so significantly.
DOT Monitoring Services with Truck Insurance Quotes
The trucking industry is heavily regulated and one slip can cost your company more than a little money. The government expects you to know and keep track of every DOT violation that crops up. When do they expect you to run your business?
4 Ways Carriers are Attempting to Woo Young Drivers
Currently, there’s a record truck driver shortage of about 60,000 drivers. There are many reasons for this shortage, which include the high average age of current truck drivers, high industry freight volumes, and high school kids that are increasingly attending higher education institutes rather than immediately entering the workforce.
Partner Spotlight on MVRCheck.com
For any business that has a fleet to maintain, federal Department of Transportation (DOT) compliance is essential. When fleet vehicles fall out of compliance, that can lead to costly fixes, changes and penalties, and truck insurance cost increases, all of which bite into the bottom line and reduce the profitability of the company involved.
How to survive a DOT compliance audit
If your company is subject to Federal Motor Carrier Safety Regulations (FMCSR), it’s likely that sooner or later you’ll deal with a DOT compliance audit. You don’t have to be a trucking company. Any outfit that operates vehicles over 10,000 pounds can be audited. This can include landscaping businesses, concrete companies and towing companies.
Who is impacted by the CSA?
As a motor carrier, you know that you need to pay attention to the FMCSA and their regulations. There are a few letters that you might have heard about — CSA, or Compliance, Safety, Accountability. What is the trucking CSA, and who is affected by it? (And why is there an FMCSA and a CSA? That’s just confusing.) Is it something that your motor carrier is subject to? We’ll explain.
A brief introduction to the trucking SMS
The trucking world is filled with confusing things. The regulations are many and the letters – FMCSA, CSA, SMS, DOT – can cause real befuddlement. Three letters in particular, SMS, are extremely important. They stand for Safety Measurement System.
What’s happening with truck driver turnover with COVID-19?
The coronavirus pandemic has definitely led to a lot of changes and challenges – there’s no denying that. Pretty much everyone and everything has been affected by the pandemic. One thing that was impacted by COVID-19 is the driver turnover rate in the trucking industry, an interesting effect of the virus: