Women in Trucking

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.

The association has warned that if this shortage continues, it may increase to 160,000 by 2028. To meet the rising demand for truck drivers, the niche acknowledges the requirement to hire more truck drivers. Currently, the industry has only 47 percent women drivers.

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How Much Does Insurance for a Used Truck Cost?

“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.

For instance, if you have operators with impeccable driving history, you may need to pay $10,000 to $15,000 per used commercial truck. Here is a quick overview of different types of coverage commercial truck drivers hold.

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The Impact of the $1.2 Trillion Infrastructure Bill on the Trucking Industry

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.

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How Much Does Flatbed Truck Insurance Cost?

flatbed truck

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.

Of course, the goods and loads that a flatbed carries are not susceptible to wind or rain damage. It’s because it’s not fragile. The tie-down hooks in a flatbed truck not only fasten to the load but also secure it.

While a flatbed truck is an easy and convenient solution to carry heavy loads, it typically has a higher percentage of getting involved in accidents. It mostly happens if the cargo is strapped or tied incorrectly or it’s hard to see around it. Therefore, the higher risk of crashes and accidents leads to higher insurance costs.

If you own a flatbed truck or run a fleet, learning about flatbed truck insurance costs can help choose the right insurance company.

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Can Technology Help You Lower Your Trucking Insurance Cost?

The use of technology can help your trucking insurance

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.  The new legislation has drastically changed the way people measure and understand safety.

With the insurance landscape shifting, drivers are opting for new technologies to keep themselves safe and lower their insurance. Technology plays a key role in enabling technology adapters to decrease risks in the driver’s seat.  Also, many auto insurance companies offer discounts to their policyholders for installing vehicle safety devices or demonstrating safe driving.

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How much does flatbed truck insurance cost?

Flatbed truck insurance rates can vary greatly.

Flatbed truck insurance generally costs $12,000 per power unit per year. However, we say this without knowing your business – your drivers, your location, and so on. Many factors affect flatbed truck insurance rates, such as:

  • Your drivers
  • Your loss history
  • Your SAFER score
  • What you’re transporting
  • Your truck
  • Your location
  • Your radius of operation

Flatbed truck insurance rates are different from business to business, and that’s why it’s a good idea to get quotes for flatbed truck insurance.

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What kind of insurance do I need for a flatbed truck?

Flatbed truck insurance rates can vary greatly.

So, you’ve got a flatbed truck…or two. You’re all set to run your business, but now you’ve got a question: what kind of insurance do you need for a flatbed truck? There are a lot of coverages out there for trucks, so which ones should you get for your business? We’ll go over some of the coverages you may want to consider for your flatbed trucks.

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Don’t make these mistakes when getting flatbed insurance

flatbed insurance

Truck insurance can get a tiny bit complicated. Okay, maybe more than “a tiny bit.” There are a lot of different coverages you can consider for your flatbed trucks and a lot of details about your business to take into account. To help you out with the truck-insurance-buying process, we’ve got eight common mistakes to avoid when getting flatbed insurance.

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