Business

Rule to increase carrier liability insurance minimum coming as FMCSA sends rule to White House

| October 01, 2014

A rule proposal to increase the minimum amount of liability insurance carriers must have has been sent to the White House’s Office of Management and Budget — the final stop before the rule is published.

+25 percent: What double the liability insurance coverage will likely cost

| September 30, 2014

One insurance rep cites a likely 25 percent increase in premiums for independent owner-operators boosting $1 million liability coverage to $2M. More on FMCSA's expected insurance-hike proposal here.

Diesel price continues plummet, at multi-year low

| September 30, 2014

The country's average diesel price is at its lowest point since June 2012, thanks to 11 straight weeks of price drops.

Owner-operators, what’s your current fuel mileage?

| September 29, 2014

What kind of mileage are you getting currently? This poll probes the variation in fuel economy around the industry among Overdrive readers.

Cargo theft risk still high, FreightWatch says; Theft data for June-August

| September 29, 2014

Between June and August, 182 cargo thefts were recorded in the U.S., according to cargo-theft prevention firm FreightWatch International. Moreover, FreightWatch’s report says the risk level for cargo theft in the U.S. remains high.

Photos posted to Facebook net $1 million crash settlement

| September 27, 2014

Ever posted a photo you took from the driver's seat to Facebook? The plaintiff's bar thanks you.

Former Pilot Flying J president targeted by prosecutors in fuel rebate scam, report says

| September 25, 2014

Federal authorities are investigating former Pilot Flying J President Mark Hazelwood over his potential involvement in the fuel rebate withholding case that has rocked the company the last year and a half, according to a local news report.

Driver pay ‘wage race’ under way?

| September 25, 2014

Bloomberg says a "wage race" is on among carriers, but survey results show not all company drivers and leased owner-operators are seeing the benefits of the improving pay landscape.

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