Insurance BlogTuesday, January 12 2021
Orlando, Fla.—This year as in every other year, we take the time to share with you the industry events on calendar from for the first quarter of 2021. Given the public health situation which continues to complicate the scenario for large meetings and conventions many of the events have gone virtual, at least until we reach a safer stage in this pandemic with the mass distribution of effective vaccines at a time advised by the CDC in coordination with the US Department of Health. January 20-22 Sponsored by California Trucking Association— The Annual Membership Conference is going Virtual. With the theme of “Bridging the Gap.” This convention includes general topics from Covid Impact on Insurance to How to Deploy EV Trucks in 2021. January 25-28 Sponsored by the Commercial Vehicle Safety Alliance—COHMED Conference also virtual. If you are involved in hazmat transportation, regulation, enforcement or safety, or are simply interested in learning more about it, the first-ever Virtual COHMED Conference is an online training opportunity you will not want to miss. January 25-27 Sponsored by SMC3 Jump Start—best known as an Intelligence Gathering—This year, there will be emphasis on the information you need to know about coming off of a historic, disruptive year for the supply chain and what the road to recovery looks like. February 14-18 NATSO Connect— This event will not be held in person this year, and you must check back with their page or register to obtain more details as they are released. NATSO Connect is produced by NATSO—a non-profit trade association that provides solutions to truckstop and travel plaza member challenges and influences government action on behalf of the industry. March 1-5 Virtual CVSA/FMCSA Data Quality and Systems Training—State inspection and crash reporting efforts are vital to the success of FMCSA’s data-driven safety programs, which prioritize resources for the greatest impact on large truck and bus safety. This training has become a much-anticipated event that demonstrates federal, state and CVSA’s commitment to reporting quality data. March 15-18 Sponsored by the American Association of Port Authorities is the Spring Conference, which will take place in Washington, DC. Sessions focus on current trends in the maritime industry of relevance to all Western Hemisphere ports and US policy issues. Some other events originally scheduled for the Q1 of 2021 are being postponed for later in the year. At Florida Transportation Insurance we make it a mission, to keep you well informed about industry trends and events that can be highly beneficial to your business. In most cases helping you avoid some risks and keeping you safer. With 10+ years in the Central Florida transportation insurance industry, our staff and agents, have the knowledge to help protect your drivers and public auto businesses. Our specialized carrier network and knowledgeable underwriters can offer you insurance coverage that are unmatched in the same day, expedited delivery and logistics industries. We know what it takes to keep your business on the road safely and profitably. With some of the best coverages and services in the industry, along with our extensive experience in the transportation industry, we can make it an advantage for you. Give us a call right now to speak with one of our local licensed, experienced agents, or if you prefer using online technology, just clic on Florida Transportation Insurance any time of a day to receive quotes and more information. Diana Munoz, CRISEmail Diana Munoz Tuesday, December 22 2020
The Federal Motor Carrier Safety Administration (FMCSA) recently announced a new rule that makes it easier for drivers to get their Commercial Driver’s License. FMCSA has been focused on reducing regulatory barriers for CDL applicants. Monday, November 23 2020
Orlando, Fla.—It is what everyone is talking about these days. The world remains in readiness for, and Florida is going to be the one to give the vaccine to the countries in Latin America, whether it goes by air or ocean, according to the director of Global Trade and Business Development at PortMiami. Right now, there are hopes waiting for FDA approval on three different vaccine producers for Covid-19. Pfizer, Moderna, and AstraZeneca. Pfizer, for example, has developed packaging and storage innovations to be fit for purpose for the range of locations where we believe vaccinations will take place. We have specially designed, temperature-controlled thermal shippers utilizing dry ice to maintain recommended temperature conditions of -70°C±10°C for up to 10 days. The intent is to utilize Pfizer-strategic transportation partners to ship by air to major hubs within a country/region and by ground transport to dosing locations. The Pfizer thermal shippers, in which doses will arrive, can be used as temporary storage units by refilling with dry ice for up to 15 days of storage. After storage for 15 days in the Pfizer thermal shipper, vaccination centers can transfer the vials to 2-8°C storage conditions for an additional five days, for a total of 20 days. Once thawed and stored under 2-8°C conditions, the vials cannot be re-frozen or stored under frozen condition. (Source: Pfizer Distribution Fact Sheet). Moderna's vaccine can be stored in a standard home or medical refrigerator for up to 30 days. According to the company their hope is to have 20 million doses ready to ship in the U.S. by the end of the year. For shipping and longer-term storage, Moderna expects that mRNA-1273 will be maintained at -20°C (-4°F), equal to most home or medical freezer temperatures, for up to 6 months. Using standard freezer temperatures of -20°C (range of -25° to -15°C or -13° to 5°F) is an easier and more established method of distribution and storage than deep freezing and most pharmaceutical distribution companies have the capability to store and ship products at -20°C (-4°F) worldwide. Moderna is working with the U.S. Centers for Disease Control and Prevention (CDC), Operation Warp Speed and McKesson (NYSE: MCK), a COVID-19 vaccine distributor contracted by the U.S. government, as well as global stakeholders to be prepared for distribution of mRNA-1273, in the event that it receives an Emergency Use Authorization and/or similar global authorizations. The Company is also working closely with the U.S. Food and Drug Administration (FDA) to submit data from its ongoing stability testing for approval. (Source: Moderna Press Release). A distribution plan for AstraZeneca has yet to published, but according to sources it will have lower storage/distribution requirements than the two above. At Florida Transportation Insurance, similarly to how your clients depend on you for Package Delivery and Last Mile Services, you can depend on the advice of our local agents to help protect your business. With 10+ years in the Central Florida transportation insurance industry, our staff and agents, have the knowledge to protect drivers and public auto businesses. Our specialized carrier network and knowledgeable underwriters can offer you insurance coverage that are unmatched in the same day, expedited delivery and logistics industries. We know what it takes to keep your business on the road safely and profitably. With some of the best coverages and services in the industry, along with our extensive experience in the transportation industry, we can make it an advantage for you. Give us a call right now to speak with one of our local licensed, experienced agents, or if you prefer using online technology, just clic on Florida Transportation Insurance any time of a day to receive quotes and more information. Oscar Pacheco - Licensed AgentTuesday, October 13 2020
Orlando, Fla.— These should be very encouraging news. A report from Logistics Managers Index revealed that September’s robust readings are driven primarily by the tightening capacity in both transportation and warehousing as the demand for logistics services increases ahead of the fourth quarter. On Oct. 29, the Bureau of Labor Statistics will announce the gross domestic product for the third quarter, and a record-setting growth is expected. According to industry sources, van load rates in September were up 28.8% compared with a year ago, and have continued to rise in October averaging $2.46 per mile, a 9-cent increase since the beginning of the month. Flatbed rates are up 9.9% year-over-year and have jumped a nickel in the past two weeks, also to $2.46 a mile. Refrigerated rates are up 19% year-over-year — and 3 cents in the past two weeks — to $2.60 per mile. Capacity in the industry is as tight as it has been in years, as per the American Trucking Associations. As we know, this particular year e-commerce is expected to be at record-high levels during the holiday season. Retailers are doing what is needed to keeping those sales by restocking their inventories, especially those those with more challenges— coming from international suppliers who showed more difficulty to make regular deliveries early on during the lockdown. Over-the-road carriers are enjoying a period of volume growth and pricing power that would have been considered shocking but welcomed, from an April 2020 vantage point. A report from Act Research, a recognized leading publisher of commercial vehicle industry data, market analysis, and forecasting services for the North American market, revealed important economic information for the U.S., and what to expect this Q4. According to ACT, our economy is recovering from the pandemic in a ‘K-shaped’ pattern, while the freight economy is experiencing a ‘V-shaped’ recovery pattern (in other words, better than the rest). Other segments that are experiencing an ‘L-shaped’ pattern. At Florida Transportatiopn Insurance, similarly to how your clients depend on you for Package Delivery and Last Mile Services, you can depend on the advice of our local agents to help protect your business. With 10+ years in the Central Florida transportation insurance industry, our staff and agents, have the knowledge to protect drivers and public auto businesses. Our specialized carrier network and knowledgeable underwriters can offer you insurance coverage that are unmatched in the same day, expedited delivery and logistics industries. We know what it takes to keep your business on the road safely and profitably. With some of the best coverages and services in the industry, along with our extensive experience in the transportation industry, we can make it an advantage for you. Give us a call right now to speak with one of our local licensed, experienced agents, or if you prefer using online technology, just clic on Florida Transportation Insurance any time of a day to receive quotes and more information. Mariana Zorrilla CIC, CRIC,CPIAEmail Mariana Zorrilla Thursday, September 17 2020
Orlando, Fla.—During this pandemic period, last-mile fleets such as FedEx, Amazon, XPO and UPS have been dealing with a spike in demand at the same time they’ve had to implement safety protocols to protect employees and customers. E-commerce has been accelerating for the past 3-5 years and the logistics industry, and the COVID-19 pandemic simply accelerated this growth, with safety and fear being prominent driving factors for traditional shoppers wanting to avoid public places and the airborne virus. Consumers now, clearly have a preference towards retailers that offer at-the-door delivery, for many good reasons. The problem is that this model does not necessarily work on every company, as it is not designed to be a one-size-fits-all strategy. Every business needs to find the model that best suits their operational needs and will provide a competitive advantage to position them for success in the next phase of e-commerce growth. The last-mile race is proving to be the most expensive component. For example, according to Institutional Investor, Amazon will have to spend tens of billions of dollars year after year to ship the hundreds of millions of products bought online by consumers who are increasingly demanding next-day delivery. New cost structures along with adapting to a new budget model can be challenging for retailers. The transportation cost brings a need to figure out how it impacts the bottom line and whether product prices need to increase to help offset costs and stay profitable. That is exactly why protecting your business against potential risks with adequate insurance coverage becomes so important. Also, outsourcing last-mile to a third party logistics could represent a lower overhead, offsetting additional transportation costs that may arise. Using a reliable and relationship-based partner in e-commerce can help you scale faster and more efficiently last-mile arena. At Florida Transportation Insurance, our agents understand the courier and delivery industry— and that enables us to design risk strategies that protect and serve all areas of your business, including the most specialized. In addition, our specialized carrier network and knowledgeable underwriters can offer you insurance coverage that are unmatched in the same day, expedited delivery and logistics industries. Business We Insure Remember we are all in this together. With 10+ years in the Central Florida transportation insurance industry, our staff and agents, have the knowledge to protect drivers and public auto businesses from owner/operators to fleets owners. We know what it takes to keep your business on the road safely and profitably. With some of the best coverages and services in the industry, along with our extensive experience in the transportation industry, we can make it an advantage for you. Give us a call right now to speak with one of our local licensed, experienced agents, or if you prefer using online technology, just clic on Florida Transportation Insurance any time of a day to receive quotes and more information. Oscar Pacheco - Licensed AgentSaturday, August 15 2020
Orlando, Fla.—According to experts, the challenge with truck automation is building a trustworthy, AI-powered virtual driver that can effectively process information from a wide array of sensors, like lots and lots of high-quality cameras, but also lidar-- which is a remote sensing technology that uses light in the form of a pulsed laser to measure ranges (distances) to a target,— and radar. Fleets have experienced a sales decrease due to last mile seeing a surge because of the nationwide COVID-19 quarantine for much of the spring and more deliveries to homes, Classes 2 through 7 were down far less at 11%. That after removing Class 5, which grew over the first five months of 2020 for a 25% decrease. Class 8 chassis sales went down by 28% and tractor sales down 40% through May. Overall, Class 8 sales dropped 35%. On the other hand, fleets will still need new trucks, and the good news is that the equipment available in 2020 is more than capable of achieving the uptime and efficiency required to outlast the onslaught of plagues besetting the industry. Along with safety, ease of driving is also at the forefront. According to American Trucker, the jury is still out on how far autonomous technology will go in the heavy-duty sector. As defined by SAE International, Levels 1 and 2 require a human driver to be in command, while Level 3 requires some intervention, and Levels 4 (under many conditions) and 5 do not. That means, fully autonomous trucking may be one step closer to reality. The two areas of notable growth that can have the fastest impact on safety, performance and efficiency are advanced driver-assistance systems and aerodynamic kits. Volvo Trucks North America and Mack Trucks, have already introduced driver-assist technology, an electric motor connected to the hydraulic steering column, that makes turning the wheel far easier when backing into a spot or just fighting crosswind on the highway. The smoother profiles of next-gen trucks such as the Tesla Semi or concepts such as the Shell Starship and Hyundai HDC-6 Neptune already indicate how original equipment manufacturer engineers are trying to overcome air resistance and improve efficiency. The most significant trend seen in 2020 is the inclusion of collision mitigation where the system guard detects vehicles sneaking up on the sides of the trailer. This time of pandemic has really helped us prioritize that, finding equipment that can help predict at the same time it lowers costs as a minimum will mitigate the financial damage of this year 2020. Remember we are all in this together. With 10+ years in the Central Florida transportation insurance industry, our staff and agents, have the knowledge to protect drivers and public auto businesses from owner/operators to fleets owners. We know what it takes to keep your business on the road safely and profitably. With some of the best coverages and services in the industry, along with our extensive experience in the transportation industry, we can make it an advantage for you. Give us a call right now to speak with one of our local licensed, experienced agents, or if you prefer using online technology, just clic on Florida Transportation Insurance any time of a day to receive quotes and more information. Oscar Pacheco - Licensed Agent Sunday, July 26 2020
Orlando, Fla.—Not only have we not gotten out of the woods yet with the pandemic, but the most important season in is fast approaching. It is no secret that many businesses have experienced serious consequences in terms of financial loss, and a quick and safe come back is eagerly sought by the entire nation for the sake of our economy. Americans were already fond of online shopping, and the convenience of getting virtually everything right at your doorstep. Now that we are getting used to the “stay at home” concept those who were not taking advantage of delivery services have either learned how to use them, or been forced to trust more. That means, delivery businesses have boomed, but is it temporary? Well, the virus is still there threatening our way of life, and the holiday season is also there offering hope. If you are in the package delivery industry, you want to make sure you protect your business now more than ever, keeping proper insurance coverage for the unexpected. You need to have an action plan if one of your employees gets infected by COVID-19 while on the job. Also these guidelines provided by OSHA can help reduce the risk of exposure to the coronavirus:
Additional recommendations from the CDC include:
The following actions are key moments to enphasize on their clean hands on job:
Remember we are all in this together. With 10+ years in the Central Florida transportation insurance industry, our staff and agents, have the knowledge to protect drivers and public auto businesses from owner/operators to fleets owners. We know what it takes to keep your business on the road safely and profitably. With some of the best coverages and services in the industry, along with our extensive experience in the transportation industry, we can make it an advantage for you. Diana Munoz, CRISEmail Diana Munoz |