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Insights from an Affordable Truck Insurance Lawyer on Downtime Claims
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You earned your CDL, gained experience as a company driver, and leased your truck to a carrier. Now you’re considering getting your own authority, so let’s pause and consider this carefully. More Than Just Driving You possess thorough knowledge of safe truck operation, along with a clean CDL and PSP Report. Your consistent punctuality for […]
When an insurance agent’s premium payment failure occurs, the consequences for truckers can be severe. Missed filings may lead to revoked authority, downtime, and significant financial losses. Many drivers assume their coverage is active, only to discover too late that paperwork wasn’t processed correctly. Understanding your options is key to protecting your livelihood. 1. Act […]
Last month, Mark received a call that changed everything: brokers told him his company no longer had the authority to haul loads. Despite diligently paying insurance premiums for years, FMCSA’s SAFER database listed his operating authority as revoked. How? Because his insurer never filed the required continuation filings. How Insurance Can Cost You Your Authority […]
Losing your trucking authority can be financially devastating. In fact, whether due to insurance lapses, compliance issues, or paperwork errors, a revocation by FMCSA shuts down your ability to haul. As a result, your revenue disappears overnight, and your business grinds to a halt. What Is Trucking Authority — and What Does Revoked Mean? What […]
Fleet margins are tighter than ever. At the recent North Carolina Management Conference, industry leaders shared sobering insights: operating margins are shrinking across every segment. Rebecca Brewster of ATRI presented the latest data, confirming what many fleet operators already feel—this market is tough. During a panel discussion, fleet representatives shared how they’re adapting. Their strategies […]
The transportation industry is the backbone of our economy, and its scale proves it. In 2023 alone, preliminary figures from the American Trucking Associations (ATA) show the industry nearly grossed a trillion dollars in revenue. With over 577,000 active trucking companies and more than 300 billion miles logged across U.S. roads, the sheer size of […]
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