When it comes to cargo theft, thieves can — and do — steal anything.  As more cargo goes missing, insurance premiums for policies to cover the losses start edging higher.

Supply chain disruptions are becoming more common, but one factor that often gets overlooked in conversations about intermodal risk management is the importance of cargo integrity.

As known too well, there has been nowhere for trucking companies to hide from the rising costs of everything from maintenance to insurance.

Although high premiums have been a top concern, industry leaders and state regulators have taken action to curb other insurance challenges that greatly affect the industry at large.

Insurance costs have been ­steadily increasing post-COVID amid high inflation, increased labor and equipment costs, and larger settlements. Here's what fleets are doing to combat them.

The trucking industry continued to weather an increase in cargo theft activity during the second quarter of 2024.

The trucking industry struggled through an unusually high number of cargo thefts during the first quarter, according to Verisk Analytics’ CargoNet report.

Program Aired: May 16, 2 p.m. ET Recouping your claims - from filing and acknowledgement to investigation and settlement - can exhaust more time and money than you can afford. Instead of a game of telephone, what if your service provider managed each step of the process from claim to settlement and offered you a single touchpoint for all your questions? Chas Nickells, Vice President of Business Development for Transportation at Davies Group, joins Seth Clevenger to share his decades of experience creating custom claims solutions for industry leaders and teach you how end-to-end claims solutions can transform your operations.   

Seen your insurance costs skyrocket lately? Premiums are one of the top operating costs for trucking fleets, but increasing your emphasis on safety throughout your organization may make you eligible for a more cost-effective insurance policy. And a greater emphasis on safety will also likely lower your CSA scores. Download this white paper to read more about building a safer fleet to lower your scores using fleet telematics.     

Wisconsin Gov. Tony Evers has vetoed a bill that would have put a $1 million cap on awards for noneconomic damages such as pain and suffering in lawsuits stemming from commercial motor vehicle accidents.