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Understand the Trucking Industry – Step 1 to Starting a Trucking Business
Step 1: Understand the Trucking Industry Before starting a trucking business, it’s essential to understand the trucking industry’s dynamics. This knowledge will guide you as you build your business and help you make informed decisions. Here’s a breakdown of why understanding the industry is so important. Know the Industry’s Size and Growth Potential The U.S.…
Read MoreHow to Start a Trucking Business
How to Start a Trucking Business: Key Steps and Permits You Need for Success Starting a trucking business can be a rewarding venture. The trucking industry is growing, and the demand for freight transportation is expected to rise in the coming years. With the right approach, including ensuring your drivers have the necessary CDL (Commercial…
Read MoreNEMT Providers: A Growing Global Market
The Growing Global Market for NEMT Providers The Non-Emergency Medical Transportation (NEMT) market is experiencing impressive growth. Projections indicate that the market will rise to $15.58 billion by 2028. This growth is primarily driven by the increasing demand for private-pay patient transportation services. As the population ages, the need for reliable, non-emergency medical transportation continues…
Read MoreHigher Pay and Benefits to Address the Growing Demand for Labor in the Trucking Industry
The trucking industry faces ongoing labor market challenges, particularly the shortage of qualified drivers. This shortage is driven by increasing retirements and a lack of younger recruits. In response, fleets are offering more competitive pay, improving work-life balance, and investing in new technology training. These strategies aim to attract and retain drivers, ensuring the continued…
Read MoreNew Workers’ Compensation Insurance Requirement for Contractors in California
New Workers’ Compensation Insurance Requirement for Contractors in California Effective January 1, 2025, California has implemented a new mandate for all licensed contractors. This includes contractors in fields like concrete (C-8), HVAC (C-20), and tree services (D-49). Under this new regulation, all contractors must obtain and maintain workers’ compensation insurance, even if they have…
Read MoreNevada’s Freight Industry Set for Explosive Growth
Nevada’s Freight Industry Set for Explosive Growth The freight industry in Nevada is gearing up for massive expansion over the next few decades. Projections show that freight moved by trucks will increase significantly. From 2022 to 2050, freight movement in Nevada is expected to rise by 55% in weight and 97% in value, based on…
Read MoreWorkers Compensation Insurance Trends in California and Texas
Workers’ Compensation Insurance Trends in California and Texas In March 2025, two important changes are set to impact the workers’ compensation insurance landscape in California and Texas. These developments reflect shifting priorities in workplace safety and employee protection, offering both challenges and opportunities for employers. Let’s take a closer look at what these changes mean…
Read MoreContractor’s Insurance: Essential Protection for Your Business and Employees
Contractor’sInsurance: Essential Protection for Your Business and Employees Contractor’s insurance is a type of coverage designed to protect professionals in the construction and contracting industries. It helps mitigate risks and provides financial protection when unexpected situations occur.Contractors face many potential hazards in their daily work, making insurance a crucial part of operating safely and responsibly.…
Read MoreSurety Bonds: What They Are and Why They’re Important
Surety Bonds: What They Are and Why They’re Important A surety bond is a legally binding agreement that involves three key parties: the principal, the obligee, and the surety. The principal is the business or individual purchasing the bond and committing to fulfilling an obligation. The obligee is the party requiring the bond, often a…
Read MoreBusiness Auto Liability: Key Changes and What They Mean for Your Business in 2025
Auto Insurance Changes in 2025: What Businesses Need to Know As we enter 2025, changes in auto insurance regulations and pricing will impact businesses that rely on vehicles. Two key changes are significant: the increase in California’s minimum liability coverage and the projected rise in premiums nationwide. Here’s what businesses need to know. California’s Increased…
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