The Blog
Financial & Insurance Insights
Fluid Truck Files for Bankruptcy and Makes Major Cuts In the wake of its board replacing sibling co-founders from their top positions, Fluid Truck has laid off 30% of its workforce, filed for Chapter 11 bankruptcy, and identified a prospective buyer, pending court approval, as indicated by bankruptc
(georgeolsson/Getty Images) [Stay informed on transportation news: Get TTNews delivered to your inbox.] Current Challenges in the Trucking Industry The trucking sector has faced ongoing difficulties with increasing insurance costs, coupled with risk management concerns that have impacted fleets this
Representatives from Daimler Truck North America, Geico, and Hirschbach Motor Lines participated in a panel discussion during the 2024 American Trucking Association (ATA) conference in Nashville, Tennessee. They explored the significance of vehicle safety systems and emphasized the necessity of gran
For independent owner-operators or those managing truck fleets, securing commercial truck insurance is essential. Our focus here is specifically on the requirements for tractor-trailer operators. Types of Businesses Requiring Commercial Truck Insurance Various business sectors that may need commerci
Partnership with Top-Rated Fronting Carrier Expands Capacity SAN FRANCISCO, Oct. 15, 2024 /PRNewswire/ — Nirvana Insurance, an insurtech company focusing on data and telematics, has forged a significant partnership with MS Transverse Insurance Company, which is part of the global MS&AD Insurance Gro
[Stay updated on transportation news: Subscribe to TTNews.] Daimler Truck Financial Services Establishes HQ in North Carolina Governor Josh Stein recently announced that Daimler Truck North America’s financial arm will set up its headquarters in Charlotte, North Carolina, with a $7.8 million investm
Insurance Provider Enhances Motor Truck Cargo Coverage for Greater Protection MAYFIELD VILLAGE, Ohio, April 16, 2025 /PRNewswire/ — Progressive Insurance has introduced Cargo Plus, a new endorsement designed to widen the scope of Motor Truck Cargo coverage available to for-hire truckers and other qu
Demographic Concerns in Saskatchewan’s Trucking Industry Over half of the semi-truck drivers in Saskatchewan are aged 45 and older. Calls for Government Support This statistic was disclosed by the Saskatchewan Trucking Association (STA) based on government data, sparking renewed advocacy for governm
Sales strategies and effective communication with customers were highlighted in a series of workshops on Thursday at the Used Truck Association (UTA) Convention held in San Antonio. Attendees had numerous opportunities to enhance their knowledge with sessions on future vehicle technologies, new emis
