The transportation industry is among the most highly regulated segments of the U.S. economy, and for good reason – those regulations are there to help keep our nation’s roadways safe. Many organizations have a say in overseeing various parts of the industry, starting with the Federal Motor Carrier Safety Association (FMCSA), whose mission it is
The transportation and insurance industries are in a symbiotic relationship. Trucking firms want to keep their insurance premiums in check, and insurers want to avoid large payouts. To meet both objectives, insurance companies stipulate that transport companies put systems into place to minimize their exposure to risk and thus lower the probability of loss. Insurers
The trucking industry is facing cost escalations from multiple directions. Driver shortages, rising fuel prices, and necessary investments in technology are putting increased demands on their already narrow margins. Insurance rates, however, have represented the largest area of growth in operational expenses. In a recent report, the American Transportation Research Institute (ATRI) found the trucking
As a player in the transportation industry, you impact every person’s daily experience — from the coffee mugs they use, to the jewelry they’re wearing, to the garden hoses in their backyards — all were delivered by a truck. A dominant contributor to the U.S. economy, trucks moved 11.5 billion tons of freight (71 percent
Explore the state of the transportation industry, highlight current compliance-related responsibilities, and identify practical approaches to keep your insurance and regulatory compliance obligations in check.