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Regulatory Changes Pose Significant Challenges to Trucking Companies

Dec 4th 2019 at 7:15 AM

Both large and local trucking companies must follow regulations from the government. When these regulations change, they can pose several challenges to these trucking companies, including rising insurance costs, emissions regulations, and security concerns. Read on to learn more challenges that LTL trucking companies are facing today.

Increasing Insurance Costs

The American Transportation Research Institute (ATRI) found that rising insurance premiums make up the largest increases in costs for trucking companies. For example, between 2014 and 2015, insurance costs for trucking companies rose by 29 percent. Regulations require that all trucking companies have a significant amount of insurance, and the cost can add up quickly for LTL trucking companies.

One way that trucking companies are helping to lower the cost of insurance is by implementing more driver safety training programs. These programs can help ensure that the drivers will have fewer accidents, making the companies’ insurance premiums less likely to go up. Ensuring vehicles are in top condition will also lessen the potential for accidents.

Hours of Service Rule Changes

The hours of service rules limit the amount of time that truck drivers can work for. Drivers must take 10 hours off of duty, and they also have to take a 30-minute rest period for every eight hours of driving. Drivers are also required to get enough rest. This can limit the efficiency of these drivers.

Emissions and Fuel Regulations

Some emissions regulations can decrease the efficiency of the heavy-duty engines that LTL trucking companies use. These regulations may also result in engines that have the lower horsepower. It can be challenging for trucking companies to stay on top of all the required safety inspections for big rigs.

Security Concerns

The operating environment for trucking companies has gradually changed as security regulations have increased. For example, when bringing goods from one country to another, such as from Canada to the United States, trucking companies must travel through security. While these security measures can provide peace of mind, they require the local trucking companies to spend a longer amount of time to meet the regulations.

Turn to a Trusted Source for Less Than Truckload Shipping

While changing regulations can certainly be a challenge for local trucking companies, MGA International Logistics is working to stay on top of these regulations. If you need less than truckload shipping to move a very small amount of freight, turn to MGA International Logistics. You can count on us to follow all regulations, making us one of the most trusted LTL trucking companies. To learn more information or to schedule a shipment, contact us today.

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