Trucking firms claim NC residency to get lower insurance rates

Trucking firms claim NC residency to get lower insurance rates

North Carolina Insurance Commissioner Wayne Goodwin wants state lawmakers to tighten up regulations over commercial vehicle insurance, saying some out-of-state trucking companies are claiming in-state residency to obtain lower insurance rates, according to a report on WRAL television. North Carolina boasts some of the lowest vehicle insurance rates in the country, but policies are available…

GTCR to acquire video-based driver safety pioneer Lytx

GTCR to acquire video-based driver safety pioneer Lytx

GTCR, a leading private equity firm, announced it has signed an agreement to acquire Lytx (formerly known as DriveCam) for a reported $500 million in cash. Lytx is the leading provider of video telematics that help commercial and public sector fleets improve driver behavior and reduce collisions and collision-related expenses. GTCR will partner with Lytx…

Trucking industry lobbying to prevent state regulations

Trucking industry lobbying to prevent state regulations

Eighty trucking industry and other logistics organizations are lobbying Congress to pass legislation that would prevent individual states from regulating the industry in conflict with existing federal rules and regulations. Drivers from companies such as Ryder System, U.S. Express, Swift Transportation, J.B. Hunt Transportation Services and Werner Enterprises recently visited with members of the Committee…

VTTI wins $2.5 million contract for trucker sleep study

VTTI wins $2.5 million contract for trucker sleep study

Virginia Tech’s Transportation Institute (VTTI) recently captured a $2.5 million federal contract from the Federal Motor Carrier Administration (FMCSA) to study the feasibility of a flexible hours-of-service safety provision that would allow long-haul truckers to split their required sleeper berth periods into shorter time segments. VTTI’s team includes Washington State University and SmartDrive. Hours-of-Service (HOS)…