We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » FMCSA scotches plan to weigh hike in trucker minimum insurance levels
newsworthy

FMCSA scotches plan to weigh hike in trucker minimum insurance levels

June 2, 2017
DC Velocity Staff
No Comments

The Federal Motor Carrier Safety Administration (FMCSA) has withdrawn a plan to propose raising the minimum levels of liability insurance that truckers must carry to $4 million from $750,000, saying it lacked sufficient information to justify further action.

The FMCSA's decision, disclosed today, leaves the required minimum coverage for bodily injury and property damage at the same levels they've been since January 1985.

The agency, which first broadcast its plans in November 2014, wanted to know if the minimum levels should be raised and, if so, to what degree. It said the response rate was relatively split between those who favored an increase and those who didn't. However, neither side provided enough evidence to support its views, thus making it impossible for the agency to move forward, FMCSA said.

Small truck fleets and owner-operators, which make up the vast majority of the nation's commercial truck driver population, objected to an increase of that magnitude, warning that it would put many small truckers out of business. Most owner-operators carry $1 million of liability coverage, according to the trade group Owner-Operator Independent Drivers Association (OOIDA).

OOIDA said the measure would have imposed a major financial hardship on small truckers and done nothing to improve highway safety. More than 99 percent of crash-related damages end up being covered within the current financial requirements, it said. Supporters of raising the minimum threshold said it has not kept up with the rate of inflation, especially in the area of health care costs.

In a statement, Mike Matousek, OOIDA's director of government affairs, said the FMCSA's action is unusual because the agency typically leaves a docket open once a proposal is no longer being advanced.

Transportation Trucking Regulation/Government Truckload Less-than-Truckload
KEYWORDS Federal Motor Carrier Safety Administration OOIDA - Owner-Operator Independent Drivers Association
  • Related Articles

    Teamsters union pushes back on FMCSA plan to make hours of services rules more flexible

    FMCSA shuts down Ohio trucker for stunning number of violations

    Trucker Tools Adds Loadsure Online Cargo Insurance to Mobile Driver App

Recent Articles by DC Velocity Staff

Freightos completes plan to go public on NASDAQ exchange, raises $80 million

Retailers lose visibility as they outsource last-mile delivery, FarEye says

Warehouse robots drive change in automotive plant

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Big and bulky last-mile delivery segment set for hot growth

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • In Person: Steve Beverly of Penske

  • InPerson interview: Rob McKeel of Fortna

Now Playing on DCV-TV

89cfed30 8aac 4284 960d c8c8c1886e16

Have you checked your read rate lately?

DCV-TV 4: Viewer Contributed
No reads. Unaccounted for boxes. Boxes sent to the wrong place. A logistics nightmare! But this nightmare doesn’t have to come true. SICK’s linear line scan camera is what dreams are made of for your logistics operations. And if you’re worried about motion and vibration from conveyor belts...well, there’s no reason...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing