The commercial auto insurance market has faced hardening conditions for much of the past decade, as evidenced by plummeting profitability and continued rate hikes. Although 2022 saw lower average premium increases due to strengthening reserves and 2021’s combined ratio falling below 100 for the first time in years, this deceleration wasn’t here to stay. After…
The Federal Motor Carrier Safety Administration (FMCSA) roadside inspections are examinations of commercial motor vehicles (CMVs) and/or drivers conducted by Motor Carrier Safety Assistance Program (MCSAP) inspectors. MCSAP inspectors conduct roadside inspections on CMVs and drivers to check that they are in compliance with federal safety and hazardous materials regulations. If an inspection results in…
Hotter temperatures can lead to increased tire wear and blow-outs, experts warn, which makes maintenance during the summer months all the more critical. “Heat is the number one enemy of the tire, so summer heat can make it a tougher battle to keep tires running at acceptable operational temperatures,” said Penske Truck Leasing Senior Corporate…
As much of the world discovered during the COVID-19 pandemic, commercial freight carriers are the lifeblood of the global economy. If freight doesn’t move efficiently, you end up with product shortages and soaring prices. Commercial freight carriers face an enormous amount of pressure to keep goods moving, no matter what it takes. Doing so creates…
On June 27, 2023, the Federal Motor Carrier Safety Administration (FMCSA) issued guidance that outlines the National Drug and Alcohol Clearinghouse (Clearinghouse) return-to-duty process for commercial motor vehicle (CMV) drivers. This guidance comes from the final rule published on Oct. 7, 2021, which requires state driver’s licensing agencies (SDLAs) to access and use information from…
The Commercial Vehicle Safety Alliance (CVSA) recently scheduled this year’s Brake Safety Week for Aug. 20-26, 2023. This annual event aims to emphasize the importance of ensuring sufficient brake systems in commercial motor vehicles (CMVs). Specifically, the event highlights the role that brake maintenance and efficiency plays in reducing brake-related CMV accidents on the road.…
On Dec. 16, 2022, the Federal Motor Carrier Safety Administration (FMCSA) announced the Safety Measurement System (SMS) would now include an electronic logging device (ELD) violation. Now, under 49 CFR 395.24(d), the inability of an ELD to transfer ELD records electronically is a violation. The FMCSA stated that this change would further align the SMS…
The commercial auto insurance market has faced substantial underwriting losses and diminished profitability for more than a decade. While the segment continues to face difficult market conditions, rate increases largely remained in the single digits in 2022, demonstrating signs of stagnation compared to double-digital rate jumps that took place in prior years. Nevertheless, several cost-driving…
Although there is still a great degree of uncertainty about what 2023 will bring in trucking business conditions, analysts at FTR believe a major recession is unlikely. FTR’s “State of Freight” webinar on Jan. 12 explored the economic indicators that most affect the freight market as well as trucking-specific numbers and offered FTR’s outlook for the year.…
The commercial equipment you purchased five years ago could fetch a higher value today than when you bought it new. Meanwhile, orders for new equipment are taking up to 18 months to fill—with no promises. As for repairs, parts delays are creating a significant backlog in shops, prompting carriers to sideline rigs. The transportation industry…
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You are about the leave our site and submit the information to pay your bill. A licensed agent from our team will need to process your payment to make it official – we cannot bind coverage via web request. Let us get to work for you. Want to talk? Call us. 410-213-5600
Client Support Team
SCD Intermediaries
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