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Overview of FreightWaves Since its inception in 2017, FreightWaves has employed a talented team of award-winning journalists to share both positive and negative developments within the transportation and logistics sectors. Market Dynamics Over the years, the freight transportation industry has exper
Daimler Truck Financial Services to Establish Headquarters in Charlotte Daimler Truck Financial Services, which offers financing, leasing, and insurance for Daimler Truck North America’s commercial vehicles, is set to invest $7.8 million in establishing its headquarters in Charlotte. This decision i
Dive Brief: The Federal Deposit Insurance Corp.’s Office of the Inspector General reported that “lax lending practices” were primarily responsible for the failure of Citizens Bank, based in Sac City, Iowa, in November. Since 2014, Citizens Bank has issued commercial loans to trucking companies witho
Funding Announcement from High Definition Vehicle Insurance High Definition Vehicle Insurance (HDVI), a provider of commercial auto insurance, revealed on Wednesday that it has secured an additional $40 million in funding from existing investors, including 8VC, Autotech Ventures, Munich Re Ventures,
Ongoing Legal Case Against Frances Hall Over a year after her arrest for felony fraud, Frances Hall’s case is still progressing through the Texas court system. Upcoming Pretrial Hearing A pretrial hearing for Hall is set for August 30. Hall, who was found guilty of murdering her husband in 2016, now
Commercial vehicle insurance is invaluable during automotive emergencies. This type of insurance can significantly reduce repair costs for owners of commercial vehicles, which include cabs, taxis, trucks, lorries, buses, and auto rickshaws, among others. This guide elaborates on commercial vehicle i
Commercial Truck Insurance Renewal Trends This year, if you’ve faced a truck insurance renewal and felt a wave of anxiety, you’re not alone. Recent industry data from late 2023 and early 2024 indicates that many individual truck operators are shelling out between $11,000 and $16,000 annually for pri
Sure! Here’s the paraphrased article formatted in HTML: Trucking news and updates for Friday, May 10, 2024: New Jersey Increases Minimum Liability Insurance Requirements New Jersey has enacted legislation signed by Governor Phil Murphy in January that raises the minimum liability insurance for truck
According to Swiss Re, litigation expenses have led to a 57% rise in liability claims in the U.S. over the past decade, culminating in a peak increase of 7% in 2023. Understanding Social Inflation Social inflation refers to the phenomenon where insured liability claims escalate more rapidly than can
