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Ep. 15 Trucking Struggles
Manage episode 413369937 series 3554112
Covenant Insurance Services LLC द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Covenant Insurance Services LLC या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
The trucking industry has been facing significant challenges, including a recession, surplus in trucks and drivers, inflation, high operating costs, and low demand. Many trucking companies have shut down, and the market has been slow to rebound. However, there are some positive signs, such as falling inflation, stabilized diesel prices, and an expanding economy. To navigate these struggles, truckers can reduce operating costs, emphasize driver retention and safety, utilize technology, prepare for supply chain disruptions, and stay informed about regulations. Insurance rates for trucking have been increasing due to rising claim severity, litigation, and inflation. The industry is expected to bounce back towards the end of 2024, but the timeline remains uncertain.
Chapters
00:00 Challenges in the Trucking Industry
08:29 Navigating the Struggles
13:08 Rising Diesel Prices
23:16 Rising Insurance Rates
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