Insurance Premium Finance Blog

Women In Trucking

Historically, our society has associated the phrase truck driving with men, but a growing number of women have joined the ranks of truck drivers. Statistically, industry figures reveal that almost 200,000 women across America have become professional truck drivers, and an increasing number of women are choosing to get behind the wheel each year. The industry does offer many advantages, including job availability, retirement plans, job security and competitive salaries.

What does traffic cost the trucking industry?

The trucking industry reportedly lost $9.209 billion because of traffic congestion in 2013, according to a new report. The data shows that the industry in aggregate was delayed 141 million hours in 2013 because of traffic jams and roadway congestion. As you might expect, nearly 90% of the delays were in urban areas and cities, while the more rural areas of the country saw very few delays. Put another way, this enormous loss is equal to over 51,200 drivers sitting idle for an entire year!

Top Tips For New and Experienced Truckers

These three tips are important for new drivers and experienced long haul truckers alike.

Legislative Changes for Trucking in 2016

At the tail end of 2015, several important pieces of legislation came about, which could affect the trucking industry in 2016 and beyond. First, there was the FAST Act, which provides $4.5 billion in funding over 5 years for the Nationally Significant Freight and Highway Projects Program. In addition, it includes an 18 percent increase in funding for transit over five years and restores a discretionary funding program for bus purchases, gives local governments more flexibility on what infrastructure projects they want to spend federal funds on, and also supports smart transit-oriented development projects through federal financing programs, among various things.

Survey says: Truck parking is hard to come by

Last year, the U.S. Department of Transportation released the results of the truck parking survey conducted in 2015 by the FHA. The survey’s goal is to seek out key areas of truck parking that need improvement. Most states reported a shortage of truck parking, with the exception of a few states that are more rural in nature.

Technology to help reduce accidents

Last year, almost 80,000 crashes were reported to the Minnesota Department of Public Safety. Of those reported, just over 5,000 - or 6 percent - were truck-involved crashes. That is a 6 percent year-over-year increase compared to 2013.

Big Drop in Truck Involved Fatalities

According to new data from the Department of Transportation, the rate of rate of truck-involved fatalities is on the way down. The improved safety numbers can be attributed to the big investments that the trucking industry has made over the past decade to improve safety, coupled with legislative action that has demanded common-sense safety measures be put into practice. According to analysis of miles traveled (collected from the Federal Highway Administration), the rate of truck-involved fatalities fell for the second year in a row, down to 1.40 per million miles.

A Recap of DOT Medical Exam Requirements for Drivers

The Department of Transportation requires some truckers to have physicals conducted every 24 months. A DQ (Driver's Qualification), it's required in some situations, including the following:

Cold Weather Tips for Your Rig

If you're like most of our clients, you want to maximize the lifespan of your rig. During the winter months, careful and specific maintenance changes are required to make sure that you keep your truck on the road and earning money. We've partnered with some industry experts to bring you a few important tips that every trucker should know!

Changes to underride guard regulations

Since big rigs are usually so much heavier than other vehicles on the road, studies have shown that accidents are significantly more severe when an 18-wheeler is involved. When a smaller car rear-ends a large truck or trailer, the smaller vehicle is likely to slide under the trailer's floor, which can cause the windshield to make direct impact with the passenger compartment. Such accidents are almost always fatal, so the U.S. National Highway Traffic Safety Administration is proposing that trucks and trailers be required to install stronger guards on their trailers to reduce deaths caused when cars rear-end tractor trailers.

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