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Trucking industry insurance trends and issues

Trucking industry insurance trends and issues

Troubled Transport: After a record profit year in 2018, many trucking companies experienced the exact opposite in 2019. For many trucking companies, 2018 was a record year in terms of profit. However, 2019 proved to be the exact opposite — the perfect storm of major issues affecting the transportation industry, including significant overcapacity, freight rates remaining severely depressed, a harder insurance market, nuclear verdicts, and serious legislative challenges. Further, statistics from the American Transportation Research Institute (ATRI), show that, for the first time, insurance premiums ranked in the top 10 for the trucking industry’s biggest overall costs.

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Technology Poised to Transform Safety

Technology Poised to Transform Safety

This year, safety professionals will have access to a wider array of safety technologies than ever before and the widespread adoption of tech will transform safety programs for the better. This year, safety professionals will have access to a wider array of safety technologies than ever before. And with more providers offering freemium options, implementation support, and customer success services, the widespread adoption of tech will transform safety programs for the better.

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How Video and AI are Improving Fleet Safety

How Video and AI are Improving Fleet Safety

In 2020, fleet safety will remain top of mind for every transportation company. Safety is a top area of concern for fleets where technology continues to play a large role in improving the well-being of drivers and making safety risks easier to control.

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How Telematics and Data are Changing Fleet

How Telematics and Data are Changing Fleet

As telematics technology continues to grow, it will expand to include more data types that fleets can analyze, as well as provide more ways to parse through the data to find actionable ways for fleets to utilize what they discover.

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The Growing Importance of Refreshing Your Workforce’s Safety Training

The Growing Importance of Refreshing Your Workforce’s Safety Training

For organizations with large contractor workforces, managing risk by ensuring safety has become increasingly important. Companies rely on comprehensive occupational health and safety training to keep their workers safe and to mitigate supply chain and regulatory risks associated with poor safety adherence among their contractor workforce. They have realized that safety training is not a one-and-done initiative. Technology, regulations, and processes change rapidly, and humans often forget a staggering 70% of new information within a day of learning it, making ongoing refresher safety training a critical component of doing good business.

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