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.
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?
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.
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:
The CVSA had postponed their International Roadcheck because of the pandemic. However, they have rescheduled the International Roadcheck, and it’s going on now. It started on Sept. 9th and will continue through Sept. 11th. (Attention has been able to shift back to inspecting drivers and vehicles now that safety standards and Out of Service criteria.)
These days, everything feels topsy-turvy and up in the air. The pandemic situation changes what seems like every day. The FMCSA issued an Emergency Declaration for the trucking world, and they recently extended that Emergency Declaration. It was due to expire on August 14th, but it has now been extended through September 14th. (Of course, the emergency declaration applies only to certain motor carriers – there are restrictions.)
Every year since 1998, the Commercial Vehicle Safety Alliance (CVSA) has sponsored Brake Safety Inspection week in September. This year’s event, which takes place between Sunday, September 15 and Saturday, September 21, will feature random roadside inspections on commercial vehicles located throughout North America.