In this episode we talk about how to increase your profit margins for your trucking company. Its survival of the fittest, so you better get fit!!

Free resources for the trucking industry:
https://squatchrisktruckingpodcast.transistor.fm/

#truckinginsurance #squatchrisk #truckingindustry #insurancetips #riskmanagement #owneroperator #truckers #fleetmanagement #fleetowner #truckinglife #truckers

The trucking industry has been facing significant challenges, including a recession, surplus in trucks and drivers, inflation, high operating costs, and low demand. Many trucking companies have shut down, and the market has been slow to rebound. However, there are some positive signs, such as falling inflation, stabilized diesel prices, and an expanding economy. To navigate these struggles, truckers can reduce operating costs, emphasize driver retention and safety, utilize technology, prepare for supply chain disruptions, and stay informed about regulations. Insurance rates for trucking have been increasing due to rising claim severity, litigation, and inflation. The industry is expected to bounce back towards the end of 2024, but the timeline remains uncertain.

Chapters

00:00 Challenges in the Trucking Industry
08:29 Navigating the Struggles
13:08 Rising Diesel Prices
23:16 Rising Insurance Rates

#truckinginsurance #truckingindustry #truckinglife #truckingup #fleetowner #owneroperator #owneroperators #industry #transportation #hiringstrategy #rates #viralvideo #insurance #truckers #truckerlife #truckerslife #iana #intermodalcontainers #intermodal #cashflow #cash

Looking for some clear answers on what Non trucking liability insurance is? Or Bobtail insurance is? Wondering if you need it? Tune into this episode and we'll give you the deets on it.

Free Resources/Save money on insurance:
https://squatchrisktruckingpodcast.transistor.fm/

Takeaways

• Bobtail insurance provides liability coverage for drivers operating under someone else's trucking authority when they are not dispatched on a load.
• Non-trucking liability insurance covers drivers when they are not dispatched on a load or hauling a trailer, but it does not cover physical damage to the truck.
• Non-trucking liability insurance is necessary for hot shots and owner operators who use their trucks for personal errands or non-business purposes.
• The cost of bobtail and non-trucking liability insurance depends on factors such as the equipment being used and the driving record.

In this video we talk about how to manage your insurance for your trucking company. We take a deep dive into whats driving up costs right now and things you can enact in your operations right away to help mitigate some of those costs!

https://squatchrisktruckingpodcast.transistor.fm/

Welcome to the latest episode of the Squatch Risk Trucking Podcast, where we delve into the critical aspects of trucking safety and compliance. Today's focus is on an essential component for every trucking company - improving your SMS (Safety Measurement System) scores. Ideal for both experienced fleet managers and newcomers to the industry, this episode is filled with invaluable insights and practical strategies designed to boost your safety practices and compliance levels.

Don't forget to subscribe for more insights and tips from the Squatch Risk Trucking Podcast. Share this episode with your network to spread the word about enhancing trucking safety and SMS scores. Let's drive together towards a safer future.

#TruckingSafety #SMSscores #Compliance #FleetManagement #SafetyFirst #TruckingIndustry #squatchrisk #truckinginsurance #truckingindustry

Your free DOT inspection prep kit:
https://nano-compliance-llc-44365146.hubspotpagebuilder.com/prepare-for-your-dot-inspection-free-checklist-resources-hubspot

In this revealing episode of the Squatch Risk Trucking Podcast, we dive deep into the nitty-gritty of what every trucker, fleet manager, and industry insider needs to know about DOT inspections. This comprehensive guide sheds light on the essential details, breaking down the inspection process, criteria, and how to ensure your vehicle passes with flying colors.

Join us as we uncover the secrets behind successful DOT inspections, from preparation tips and common compliance pitfalls to understanding the consequences of failing an inspection.

Whether you're aiming to perfect your pre-trip inspection routine, curious about the latest changes in inspection regulations, or looking for strategies to avoid common mistakes that lead to violations, "The DL on DOT Inspections" has got you covered. This episode is packed with invaluable insights and practical tips to help you keep your operations running smoothly and remain compliant with DOT standards.

Tune in to the Squatch Risk Trucking Podcast for this must-listen episode and empower yourself with the knowledge and strategies to face DOT inspections with confidence.

• #SquatchRiskPodcast
• #DOTInspectionsDL
• #TruckingCompliance
• #InspectionTips
• #TruckingSafety
• #DOTRegulations
• #FleetManagement
• #PreTripPrep
• #AvoidViolations
• #OnTheRoadCompliance

Wanting to grow your trucking business? Tune into this episode! Where we go in depth to setting good foundations for your business to scale off of and tips to help you grow the right way!

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We would love to hear from you! Do you have any topics you would like to cover? Go to our website and let us know!!

https://squatchrisktruckingpodcast.transistor.fm

#truckingindustry #trucking #truckinginsurance #businessgrowth #entrepreneurship #growthmindset #success #trucksimulator #truckingbusiness #transportation