The shortage of truck drivers has become one of the most prominent challenges for the trucking industry. According to the latest report from the American Trucking Association, currently, the industry is short by 60,000 truckers, which is a nearly 20 percent increase from last year.
“How much does insurance for a used truck cost” is one of the common questions drivers ask before they buy. Though the cost of these trucks is often low, the price you pay every year varies depending on factors like driving history, the state you live in, and cargo type.
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.
A flatbed truck is a giant vehicle with a flat and open bed. The bed doesn’t attach any roof, sides, and railing. This feature makes flatbed trucks ideal for carrying or delivering awkward, heavy loads that don’t fit into trucks with railings. The open flatbed enables loaders or drivers to load and unload things easily.
Did you know that litigation of truck accidents has increased significantly?
Whether you have a transportation company or a trucking fleet, managing insurance may be a daunting task. We say this because legal settlements are on the rise and premiums are increasing. Plus, the equipment has become more costly.
Flatbed trailers haul large, bulky items like heavy-duty vehicles, machinery and more. Because a flatbed trailer must use chains and other specialized equipment to secure loads, there tends to be more risk with driving these trucks compared to others. To manage risks, you must get the right flatbed truck insurance coverages.