Trucking Named Insureds Grow in June

source: Don Harvey and Bruce Butler

According to the DOT 9,350 new companies have been set up and 5,600 have departed for a net increase of 3,750. While this says nothing with respect to the number of vehicles on the road, the assumption would be that those that departed had a greater number of power units than those new companies that set up. It also shows that there is a consistant need for new venture insurance capacity.