Big Rig Lending

Effort to increase your insurance costs

July 17, 2019

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LLN (7/17/19) –
Todd Spencer speaks out on a bill in Congress that would increase your insurance costs by raising the minimum requirements for truckers. Also, the Pennsylvania toll fight continues as OOIDA takes the appeal of its lawsuit against the Pennsylvania Turnpike back to court. Freight and rates got back to normal after the Fourth of July holiday. And fuel prices dipped slightly this week, and oil prices could pull them lower.

0:00-9:57 – Newscast

9:57-24:42 – Pennsylvania toll lawsuit

24:42-39:40 – Post-holiday freight; fuel prices dip

39:40-49:31 – Effort to increase insurance minimums

Segment 1

Newscast

  • The Federal Motor Carrier Safety Administration has officially extended the deadline for comments on a proposed pilot program that would allow drivers under the age of 21 to operate commercial vehicles in interstate commerce.
  • The Minnesota Department of Transportation is conducting a study on truck parking in the state. You can find more information on the study as well as submit your own comments here.
  • The Indiana State Police are seeking information and possible video of a police-involved shooting that happened at the Love’s in Memphis, Ind., around noon on Tuesday. Anyone with information is asked to call Detective Matt Busick at 812-248-4375. You can read more about the incident here.
  • The American Association of State Troopers is looking to find the best looking police cruiser as part of its annual Best Looking Cruiser Contest. Voting is open until July 30. You can see the cruisers and take the survey here.
  • Michael E. Zanella of Columbus, Ohio, has been recognized by the Owner-Operator Independent Drivers Association for 28 years of safe, accident-free driving as part of the OOIDA Safe Driving Award Program.
  • Starting Friday, Jon Osburn and OOIDA’s tour truck, the Spirit of the American Trucker, will be at the Petro in Gary, Ind. That’s located at Exit 9 off Interstates 90 and 84. Stop in, say hi to Jon and Sassi, and join OOIDA for a $10 discount. See the full Spirit Schedule.

Segment 2

OOIDA took its appeal in the lawsuit against the Pennsylvania Turnpike to court last week. Terry Scruton will have an update on what happened featuring arguments from OOIDA lead attorney Paul Cullen Sr. of The Cullen Law Firm.

Segment 3

Freight and rates got back to normal after the Fourth of July holiday, but normal isn’t quite as good as it could be. Terry Scruton talks with Peggy Dorf of DAT, a company that provides market information for owner-operators, carriers, brokers and shippers.

Fuel prices dipped slightly this week, and with oil prices taking a tumble that dip could turn into a drop. Terry Scruton offers a detailed update on the price of diesel fuel and crude oil, including a break down by region and analysis.

Segment 4

A bill introduced in Congress would increase insurance requirements for truckers, while another would require automatic emergency braking systems on new trucks. Mark Reddig discussed the bills and the issues involved with OOIDA President and CEO Todd Spencer.

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