In the first quarter of 2024, cargo theft incidents were up more than 46% compared with the year prior, according to CargoNet, a subsidiary of Verisk. Notably, it’s also a 10% rise from the fourth quarter last year. CargoNet analysis of the first quarter of 2024 documented 925 incidents, with an average stolen shipment value…
When organizations face large-scale disasters or other unexpected losses, ensuring business continuity is often a top priority. Yet, various losses may make it challenging for organizations to avoid operational disruptions or temporary shutdowns. In these instances, even brief closures can carry costly consequences. Fortunately, that’s where business interruption (BI) insurance can help. BI insurance can…
In April 2024, Peterbilt introduced its new Digital Vision System-Mirrors (DVS-M) for models 579 and 567, an electric camera and monitor system that supplements standard side mirrors for better visibility, safety and up to a 1.5% fuel economy improvement. The rear-view side mirror has been a safety standard since the 1960s – about 50 years…
Road congestion repeatedly reigns as one of the biggest challenges facing the trucking industry, causing major operational delays and supply chain complications each year. According to the American Transportation Research Institute (ATRI), such congestion—also known as bottlenecks in the trucking sector—has been on the rise over the past decade, largely due to an increase in…
The National Highway Traffic Safety Administration (NHTSA) is raising awareness about vehicle theft prevention for vehicle owners in July. A vehicle is stolen every 32 seconds in the United States, on average. Passenger cars historically account for about 74% of all stolen vehicles. Vehicle theft is a prevalent problem disrupting daily routines, incurring expensive financial…
Download our free 97-page Safety Talks guide – it provides the topics and information transportation employers need to schedule an entire year of trucking safety meetings. It also includes an attendance form that can be used to ensure workers have received the training necessary to remain safe on the job. From Chocking and Blocking to…
On Feb. 2, 2024, the Federal Motor Carrier Safety Administration (FMCSA) announced a notice of proposed rulemaking (NPRM) to increase flexibility for State Driver Licensing Agencies (SDLAs) and commercial driver’s license (CDL) applicants. Comments on the NPRM must be received on or before April 2, 2024. Overview of Proposed Amendments The purpose of the NPRM…
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…
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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
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SCD Intermediaries
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