The trucking Industry is changing
- Posted on Tuesday, January 5, 2016
The Trucking Industry Is Changing
Technology and new regulations are adding to safety for the trucking industry but also adding considerable costs. The electronic logging devices (ELD) will help drivers more easily track their hours and it will also keep drivers from exceeding the hours behind the wheel. This should reduce accidents but will often cut into truckers' increasingly thin profit margin.
The trucking industry is changing with fewer single truck operators and fewer but larger carrier operations. The standard insurance companies are stepping away from this industry resulting in more business moving into the excess and surplus market. It is a great opportunity for retail agents who can partner with trucking specialists who not only know the coverage gaps but have available markets, can ask the right questions, and provide solutions.
Call Debbie Klisch at 719-329-4441 for more information debbie [at] scicteam [dot] com