Commercial Trucking
Global General Freight Trucking Market Poised for Explosive Growth
The global general freight trucking market reached $1.07 trillion in 2024. By 2034, it’s projected to soar to $2.53 trillion. This impressive rise reflects a robust 8.83% CAGR starting in 2029. The future of trucking looks more promising than ever. Why the Market is Booming Urban populations are growing fast. As a result, cities need…
Read MoreThe Future of Hotshot Trucking: Trends to Watch in 2025
The hotshot trucking industry is rapidly evolving, with exciting advancements that promise to reshape how freight is delivered. From greener vehicles to cutting-edge technology, several key trends are driving growth in 2025. Let’s explore some of the most positive developments in the industry. 1. Electric and Hybrid Trucks: The Road to Sustainability As environmental concerns…
Read MoreAmazon Relay: A Game-Changer for Truck Drivers
Amazon Relay is revolutionizing the trucking industry by offering carriers a streamlined platform to find and manage freight. Whether you’re an owner-operator or manage a fleet, Relay provides tools to enhance efficiency and profitability. Relay (US)+1Relay (US)+1 What Is Amazon Relay? Amazon Relay connects trucking businesses with freight opportunities through a user-friendly load board and…
Read MoreProgressive Insurance Expands Coverage for For-Hire Truckers with New Cargo Plus Endorsement
Progressive Insurance has launched a new endorsement, Cargo Plus, to expand protections for for-hire truckers. This endorsement, now available in 42 states, enhances Progressive’s existing motor truck cargo policy. It provides additional coverage for specific risks, ensuring better protection for truckers transporting goods. What Does Cargo Plus Cover? Cargo Plus builds upon Progressive’s motor truck…
Read MoreUnderstanding Insurance Endorsements: Additional Insured, Waiver of Subrogation, and More
Contractors and business owners often hear terms like “Additional Insured” or “Waiver of Subrogation.” These aren’t just buzzwords. They are specific insurance endorsements. Clients or general contractors usually request them. Understanding what they mean can protect your business and ensure contract compliance. Let’s break down these important endorsements. Additional Insured An Additional Insured is a…
Read MoreAdvancements in Insurance Technology: AI, Automation, and IoT
The insurance industry is experiencing a significant transformation. Artificial intelligence (AI), automation, and the Internet of Things (IoT) are reshaping underwriting processes and enhancing customer service. These technologies enable insurers to offer more personalized, efficient, and transparent services. IoT Industry Insights+6Toxigon+6Codenomad+6 AI and Automation in Underwriting AI algorithms analyze vast amounts of data to assess…
Read MoreTrucking Insurance in San Bernardino and Riverside: Navigating Growth and Compliance
The Inland Empire, encompassing Riverside and San Bernardino counties, is experiencing significant economic expansion. Projections indicate the region’s population will grow by over 20% in the next 25 years, adding residents equivalent to the current populations of Riverside, Moreno Valley, Fontana, and San Bernardino combined. This growth positions the Inland Empire as a central hub…
Read MorePositive Regulatory Developments Offer Good News for Insurance-Heavy Industries
Stronger Consumer Protections Are on the Horizon The National Association of Insurance Commissioners (NAIC) recently unveiled its 2025 regulatory roadmap. This plan focuses on consumer protection, industry transparency, and state-based regulation. For industries that rely heavily on insurance—such as trucking, non-emergency medical transport (NEMT), contractors, and small businesses—this news is encouraging for policy holders. Clearer…
Read MoreThe Role of Telematics in Transforming Trucking Insurance
Telematics technology is reshaping the landscape of trucking insurance. By using real-time data from vehicles, insurers can assess risk with greater precision. This shift is unlocking new possibilities for both insurance providers and fleet operators. Real-Time Monitoring of Vehicle Performance and Driver Behavior Telematics systems collect data on various aspects of a truck’s performance. This…
Read MoreImpact of 2025 Tariffs on Trucking and Commercial Auto Insurance
In March 2025, President Donald Trump imposed 25% tariffs on imports from Canada and Mexico. These tariffs significantly affect trucking and commercial auto insurance sectors. AllCom Insurance+1Claimsmate+1 Increased Vehicle and Repair Costs The policy will raise prices of new vehicles and auto parts. Analysts predict new car costs could rise by $5,000 to $15,000.This increase…
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