Jordan Chastain

Insurance basics: Becoming an owner-operator

It takes a great deal of confidence and a little bit of know-how to become an owner-operator. Ditching the fleet life for a sweet life on your own can be liberating for drivers possessing an autonomous mindset. But traversing the freight landscape solo has its own set of challenges, too. 

In fact, being at the helm of your own operation can also be overwhelming for those not quite sure where to start, especially when it comes to insurance.

Jordan Chastain, Reliance Partners’ senior vice president...

https://www.freightwaves.com/news/insurance-basics-becoming-an-owner-operator

Thinking about expanding your fleet?

The blistering summer heat is starting to taper off as we approach the start of fall. But while temperatures have started to decrease, freight rates in the trucking sector continue to heat up.

According to Truckstop.com analytics, the average national rates for dry van and reefer truckloads have steadily risen since May, reaching the highest levels since 2018. Similarly, SONAR’s U.S. Outbound Tender Rejection Index illustrates the market’s tightness by showing freight rejections climbing steeply...

https://s29755.pcdn.co/news/thinking-about-expanding-your-fleet

Ensure your independent drivers are covered as well

Debilitating injuries from tractor-trailer wrecks are sadly commonplace for motor carriers nationwide. Despite the best efforts to improve driver safety through rigorous training, the adoption of improved regulations and the implementation of new technologies, accidents still abound.

To make matters worse, payouts for “nuclear verdicts” and other high-dollar lawsuits stemming from commercial truck-related accidents have sharply risen in recent years. New research by the American Transportation...

https://s29755.pcdn.co/news/ensure-your-independent-drivers-are-covered-as-well