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…
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…
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…
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…
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.…
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SCD Intermediaries
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