Lawsuits have had a significant impact on the trucking industry in various ways. Here are a few examples: Increased insurance costs: Due to the potential for accidents and subsequent lawsuits, insurance costs for trucking companies have increased significantly in recent years. This can make it more challenging for smaller companies to compete in the market. […]
It just never gets easier owning a small business, especially if you happen to own a small trucking company. Assuming you where lucky enough to survive all 2020 had to throw at you, you still can’t relax. Why? Because 2021 is going to have a whole new set of obstacles to through at you. First […]
Landstar Earnings Down Landstar reported earnings this week and to no surprise their earnings were down just as JB Hunt and other transportation companies are reporting reduced earnings amid a difficult transportation market place. Landstar President and Chief Executive Officer, Jim B. Gattoni, stated that both truckload volume and revenue per load were affected by […]
Heartland Express Earnings Miss A few days ago, JB Hunt missed their earnings estimates and now so has Heartland Express. Is this just a bump in the road or a sign of things to come? Heartland blames part of their earnings miss on a recent acquisition, but when you look at the numbers you can […]
Fleetwood Transportation Closed the Doors Yet another trucking company has closed their doors. Fleetwood Transportation out of Diboll, Texas closed their doors on December 31st. Fleetwood ran just over 250 trucks and hauled wood, building materials and oil field equipment. According to their chairman of the board the primary reason Fleetwood closed their doors was […]
Insurance rates could go up over 20% next year. This is bad news for the transportation industry but especially bad news for smaller carriers. A 20% jump in insurance rates would be one of if not the largest single year jump in insurance rates ever. It is unlikely that small carriers already struggling in an […]
Are Higher Insurance Rates Coming That is probably a ridiculous question considering higher insurance rates have been the norm in the trucking industry for years. But, are they going to continue to go up at an exponential rate? Recently many of the top commercial auto liability insurance companies had a conference where they discussed the […]
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