Truck brokers – or as USDOT calls them, Property Brokers – have it easy compared to their trucking cousins when it comes to mandated insurance requirements. While brokers need only have a $75,000 bond (which might cost a few thousand dollars annually), a trucker needs $750,000 or more in liability coverage that will cost several thousand dollars per truck.Brokers like this scenario…lower operating costs mean more profits. Sadly, that extra profit is exposed to a number of hazards tha…
Rising Equipment Value in the Trucking Industry
Over the course of 2021, mergers and acquisitions in the transportation and logistics industry grew. The TenneyGroup observed and reported their findings that took place