{"id":2563,"date":"2025-12-20T03:27:40","date_gmt":"2025-12-20T03:27:40","guid":{"rendered":"https:\/\/4waylogisticsllc.com\/?p=2563"},"modified":"2025-12-20T03:56:37","modified_gmt":"2025-12-20T03:56:37","slug":"financial-pressure-on-carriers-insurance-is-hitting-fleet-renewal","status":"publish","type":"post","link":"https:\/\/4waylogisticsllc.com\/uk\/financial-pressure-on-carriers-insurance-is-hitting-fleet-renewal\/","title":{"rendered":"Financial pressure on carriers: insurance is hitting fleet renewal"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><br>The rising cost of truck insurance in the US is starting to affect not only operating expenses, but also the future of fleets, <a href=\"https:\/\/gocdl.us\/\">GoCDL.us<\/a> informs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Insurance is eating up budgets.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Commercial auto premiums continue to rise, and for many carriers, this is already comparable to the lease payment for a truck. Money that used to go towards fleet renewal is now being spent on risk coverage. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Loans are becoming less available. <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Banks and leasing companies are tightening their requirements: high insurance = increased risk. As a result, it is more difficult for carriers to obtain financing, especially for new MCs and small fleets. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Decline in orders for new tractors.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Manufacturers and dealers are reporting a decrease in interest in new trucks. Companies are preferring to operate older vehicles for longer periods, delaying upgrades and expansions. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A vicious cycle in the market.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Older trucks \u2192 higher accident rates \u2192 higher insurance costs \u2192 even fewer opportunities to update the fleet.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Photo: Yan Krukau, Pexels<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>The rising cost of truck insurance in the US is starting to affect not only operating expenses, but also the 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