trucking risk and compliance

Using advanced tech to navigate the Drug & Alcohol Clearinghouse

Nearly four years after the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse was established, it continues to have a significant impact on the trucking regulatory landscape.

Michael Precia, president and chief strategy officer at Fleetworthy Solutions, joined FreightWaves in an interview to discuss the clearinghouse’s impact on the industry and its goal of improving safety on the road.

“The intent of the program was to shine a light on what could be called a black hole...

https://www.freightwaves.com/news/using-advanced-tech-to-navigate-the-drug-alcohol-clearinghouse

What’s behind rising insurance costs?

When carriers think of operational costs, what comes to mind is typically driver wages and benefits, fuel costs, repairs and lease payments. Trucking insurance costs, however, have crept higher over the better part of the last decade and are a growing, yet controllable, expense for carriers. 

According to the American Transportation Research Institute’s (ATRI) Operational Cost of Trucking report, truck insurance premiums have risen from 6.4 cents per mile in 2013 to 8.8 cents per mile in...

https://www.freightwaves.com/news/whats-behind-rising-insurance-costs

Drivers and carriers commonly overlook these regulations

Trucking is known as a highly regulated industry, and rules are in place for good reason. At its core, Federal Motor Carrier Safety Administration regulations are meant to keep both CDL holders and the general public safe.

Adherence to safety regulations is a daily effort for management, office staff and drivers. But so far in 2023, there have been 1.5 million state and federal roadside inspections, and 57% of them have revealed at least one violation, according to data from FMCSA’s Roadside...

https://www.freightwaves.com/news/drivers-and-carriers-commonly-overlook-these-regulations

What to know about FMCSA safety ratings

Compliance reviews by the Federal Motor Carrier Safety Administration are not something motor carriers should take lightly. The rating that you receive based on your safety compliance can greatly impact your business both positively and negatively.

John Seidl, Reliance Partners’ VP of risk services, joined Dooner during Monday’s WHAT THE TRUCK?!? episode to break down what motor carriers need to know about FMCSA safety ratings.

The first thing to know is there are four possible ratings after a...

https://www.freightwaves.com/news/what-to-know-about-fmcsa-safety-ratings

SMS scores: What are they and how are they calculated?

What’s an SMS score and how am I rated? Is a higher score more desirable?

Reliance Partners Director of Safety Robert Kaferle answers these questions and more as he dives into carrier performance metrics on this episode of WHAT THE TRUCK?!? 

If you’re unsure what an SMS score is, then this is a good place to start.

SMS, or Safety Measurement System, is a workload prioritization tool that the Federal Motor Carrier Safety Administration uses to identify carriers with potential safety problems for...

https://www.freightwaves.com/news/sms-scores-what-are-they-and-how-are-they-calculated

Reliance Partners celebrates 6th-straight year on Inc. 5000 list

Reliance Partners, one of the nation’s fastest-growing commercial insurance agencies in the transportation and logistics space, has once again earned a spot on the Inc. 5000 list.

The Chattanooga, Tennessee-based company celebrates its sixth consecutive year on the list of the fastest-growing privately held firms in the U.S., ranking No. 1,559 this year for its 302% three-year growth.

“When you think of an insurance agency, images come to mind of mahogany wood walls and a bunch of people in...

https://www.freightwaves.com/news/reliance-partners-celebrates-6th-straight-year-on-inc-5000-list

Automated solutions are proactive tools for safety departments

Truck driving on highway at dusk

The trucking industry saw many changes as it began 2020, including fallout from an ongoing trade war between the U.S. and China, the challenge of finding qualified drivers, and requirements for the use of electronic logging devices (ELDs) by operators of commercial motor vehicles.  

By March, uncertainty became the new normal as COVID-19 altered the health, safety and economic landscape across the country; its effects were felt industrywide. Companies reported losses in sales and layoffs of...

https://s29755.pcdn.co/news/automated-solutions-are-proactive-tools-for-safety-departments

Prioritize the health and well-being of your drivers

Since March, the COVID-19 pandemic has forced many companies to operate remotely. The sudden change in work-life balance has been challenging but has also provided peace of mind for concerned workforces. In addition to avoiding rush hour traffic and the 9-5 grind, working remotely has become an attractive alternative for those looking to spare themselves from infection. However, not everyone is afforded this luxury. 

Truck drivers across the country are just as concerned about the coronavirus as...

https://s29755.pcdn.co/news/prioritize-the-health-and-well-being-of-your-drivers

Prioritize mitigating credit risk, especially during economic uncertainty

Freight brokers and commercial fleets process hundreds if not thousands of shipments daily. In an industry characterized by a huge amount of transactions, risk must consistently be weighed against reward. While most transportation companies diligently assess the profitability of each load before inking the deal, even the most thorough risk management practices cannot mitigate each and every risk.

Many companies fall victim to the ever-present threat of late payments and payment defaults. These...

https://www.freightwaves.com/news/prioritize-mitigating-credit-risk-especially-during-economic-uncertainty

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