Posts Tagged ‘risk mitigation’

25 Chances to Reduce Florida’s $411 Million Verdict Before the Gavel Fell

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This is the largest verdict against a single trucking company in US History. Let that sink in. I am sure you have heard about this devastating accident. This verdict has made headlines all over the country.

The Synopsis

Duane Washington rode his motorcycle down the interstate on this fateful day, as he often did. Further down the highway,... Read More

How to Sue a Trucking Company and Win Big – The Impact of Rising Nuclear Verdicts

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The American Transportation Research Institute, verdict awards between 2010 to 2018  rose 51.7% annually. This number is astronomical when compared to standard inflation which grew 1.7% during the same time period. The highest awarded verdict in this time period was $91 million. Albeit an outlier, its existence proves the possibility for your... Read More

FMCSA is Changing HOS… Again! 4 New HOS Rules.

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It’s been difficult to adjust to all the changes released by the FMCSA lately. The trucking industry would never have predicted the DOT to relax hours of service regulations. And yet, here we are. Scrambling to research, read, and absorb all the legal jargon thrown our way.

A docket for the outline of the final ruling has been released.... Read More

Safety Managers’ Relief; The Drug and Alcohol Clearinghouse

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The logistics industry is littered with chatter about the FMCSA’s new drug and alcohol clearinghouse. These new federal regulations change the way trucking companies and CDL holders report data. But what exactly is a clearinghouse?

A clearinghouse is an information hub. It is a source that collects and stores information for a set of users. In a... Read More

Insurance – COVID-19 impacts Premiums and Renewals

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The financial effect of the Coronavirus pandemic has been widespread among the citizens and businesses of the United States. As many people are being temporarily laid off, the economy has taken a swift downturn. Most people are only purchasing essentials.

Many businesses have been forced to close their doors because of the loss of revenue. Some... Read More

The effects of nuclear verdicts on the trucking industry

A close-up of police lights at night | Nuclear verdicts

In 2019, trucking bankruptcies quadrupled due to nuclear verdicts. The strategy seen in courtrooms time and time again involved plaintiff’s attorneys pleading to the juries’ “better angels” to award families millions of dollars as a result of a crash with a truck. This is with or without the trucker’s fault and seems to have no relationship to... Read More

Rising Insurance Premiums for Transportation Firms: What are the Causes?

A driver leans against his truck tire as he takes a break | Rising Insurance Premiums for Transportation Firms

In the last couple of years, insurance premiums for transportation firms have been skyrocketing, and there’s no end in sight. The best trucking companies with the best CSA scores see a 20 to 30 percent increase, while other companies can see a double and even triple increase. Why are we seeing rising insurance premiums for transportation firms and what... Read More

Documentation, Risk Mitigation, and IRT Scoring

documentation is essential for IRT scoring

Improving safety practices without improving documentation is like getting your degree, but not keeping your transcript. You can say you did all you could. You may have met your goals. But at the end of the day, you’ve literally got nothing to show. That’s the position of many trucking companies every day by training drivers with an unreliable... Read More

Marijuana Legalization: DOT to Audit Drug-Testing Policies

Marijuana Legalization

The U.S. Department of Transportation is reviewing its drug policies in light of marijuana legalization. And it looks as if the policies are about to get tougher.

Marijuana Legalization: DOT to Audit Drug-Testing Policies

Currently, marijuana is allowed in various state-regulated forms in 33 states. That means 95% of the country’s... Read More

Records. Records. Records. The Key to Mitigate Risk

mitigate risk

You’re in a risky business. Every business has moving parts, but yours weigh several tons and are rolling down the road at 60+ miles per hour. Every business has financial risks, but yours include millions in cargo, as well as serious health and safety hazards. Your risks can lead to devastating financial losses, as well as the loss of human life.... Read More

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