Real Costs in Distribution and What it Means To Your Company
Ever feel that all the lawyers in thh Country need to give their lives up for our freedom, by exiting the planet forthwith? Yes, me too. In an article in CCJ-Commercial Carrier Journal entitled "Ticking Away" The Insurance Time Bomb. It discussed how the trucking industry is limiting their insurance expenses by skipping some of the more prevalent coverage. For this reason the trucking companies have begun to add to our service contracts in the service sector, higher limits and more comprehensive additional insured certificates.
All of this just in case a lawyer files a lawsuit. So here you have it one of our most important needs as a society our distribution system being hurt by the legal system, which was suppose to keep us safe. The lawyers are terrorizing the populous and hurting our future as a civilization by hurting our quality of life and high standard of living due to artificial inflation. Yet the same group tends to yield enough political clout to keep this going year after year. Insurance in trucking is up 34% in two years for the basic coverage.
And are you ready for this 87% for the umbrella coverage, which actually trucking accidents and incidents by US DOT statistics is down. So why is this happening? Lawsuits and higher damages and so many frivolous suits are causing the increases in insurance, we all pay this every time we buy something as most of the costs are passed on. This year one accident victim in AZ with a Swift Trucking carrier was awarded 7 million dollars and another for four million, but no one even died and it was not the truckers fault in full. One of the accident's victims had no driver's license and had been suspended and was speeding?
Many trucking companies are asking for 5 million additional insurance certificates for each occurrence when previously 1 million for a service company was high and aggregate was acceptable. These increases in exposure to lawsuits promted the Risk Management teams of these companies to pass the buck to the service companies who raise rates for everyone. One small Onan Cummings dealers has a shop rate of $94.00 and hour for working on portable generators because they average their insurance costs company wide for all services, much of their work is in trucking. The labor is paid $10.00 per hour and it is estimated that $34 for every hour is pure insurance costs? Scared yet? It is still getting worse. And with lawyers spreading reality of responsibility of the lady barreling out of the McDonalds Drive thru who spills coffee to the pourer of the coffee is a bit insane.
If every single mile a truck is driven costs $.20 in insurance then the drivers get less money meaning they quit and newer drivers take over with less experience and Bingo you guessed it you have a self fulfilling problem, due to additional accidents. Now trucking companies will be more dangerous adding to the downward spiral of our current distribution system, with costs passed on and on, on and one, on and on. And do not think this does not effect other forms of transportation like ships and rail, because look at their costs too.
http://nafc.truckline.com
Check it out. It is time to let the lawyers become fallen heroes for saving the free world, they can do this by losing their jobs. We need not create more of them as the legal schools churn out more of these clowns? Over regulation, incessant lawsuits and increased insurance costs are a recipe for disaster which will spill over into all sectors of our economy.
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
Latest News
Lehman Deal Spins Off Part of Private Equity Unit Into Independent ... New York Times, United States - Under the deal, the private equity firm’s current management, led by Charles Ayres, will purchase the firm’s most recent fund — a $3.3 billion pool of ... Lehman Said to Weigh Sale of Merchant-Banking Fund to Managers Lehman to spin out private equity arm: WSJ South African billionaire to invest in Lehman buyout arm |
Ipswitch WhatsUp Gold Network Management Gives Back in 2009 MSNBC - LEXINGTON, MA - Ipswitch, Inc.'s Network Management division, the leading developer of affordable and easy to use network management software, WhatsUp Gold, ... |
Wal-Mart disappoints analysts, Walgreen chops management team Bizjournals.com, NC - (NYSE:WAG) announced plans to offer early retirement and severance programs to some 1000 corporate and field management employees, or 9 percent of those ... Video: Jan 8: Stocks Boosted by Mortgage Deal Wal-Mart Declines After Management Change Retailers report dismal December sales |
Information Builders Partners With Tagetik to Deliver Corporate ... MSNBC - "Customers often require two solutions, an executive dashboard and an operational system to manage their performance management requirements," said Gerald ... |
![]() News Channel 7 | Walgreen will cut 1000 management jobs in 2009 The Associated Press - NEW YORK (AP) — Drugstore operator Walgreen Co. said Thursday it will cut 1000 jobs by mid-year, or about 9 percent of corporate management, through a ... Walgreen to cut about 1000 corporate and field management jobs Walgreens Announces Reduction in Corporate and Field Management ... Walgreens to cut 1000 salaried posts |
Search Engine Optimization Inc. Announces New Addition to Senior ... MSNBC - "We are very fortunate to have Ed join our senior management team," said Garry Grant, CEO of SEO Inc. "Ed has the ideal blend of leadership, ... |
Z-Wave Alliance Showcases Brand-New Energy Management, Home ... MSNBC - Alliance member companies will showcase for the first time new, affordable energy management, home security and home control solutions in the Alliance booth ... |
Uptown men's shelter will stay open under new management Chicago Tribune, United States - Johnson declined to elaborate on the funding and management changes, but said, "We are very satisfied with the outcome of what has happened. ... |
Brookfield Asset Management 2008 Year End Conference Call ... MSNBC - You are invited to participate in Brookfield Asset Management's 2008 Year End Conference Call & Webcast on Friday, February 13, 2009 at 11:00 am (ET) to ... Brookfield Infrastructure Partners LP 2008 Year End Conference ... |
Gary Berntsen Thinks CIA Needs 'Leadership Not Management' FOXNews - CIA COVERT OFFICER : Actually, we need leadership, not management at CIA. That person who's going to be in charge of CIA is in charge of our fight, ... Video: Analyst Weighs in on Obama's CIA Pick Obama's intel picks short on direct experience Obama Is Under Fire Over Panetta Selection |
Resources
-
AdWords | Google AdWords | 21 Ways to Maximize ROI by Andrew Goodman
Get the original Google AdWords handbook by Andrew Goodman. This 155-page e-book is packed with advanced tips to help you maximize your AdWords campaigns. Download and get free December 2005 update.
-
Reservation software for Hotels, Motels, Bed and breakfast
Reservation software for Hotels, Motels, Bed and breakfast
-
Restaurant Checklists: restaurant menu design, cafe training, business plans, restaurant marketing a
Full package of restaurant information including restaurant menu design, training, restaurant business plans, restaurant marketing and Management forms and templates
-
Castlemelody.com: Web design and creative design of graphics
Web design with content Management system for dynamic and flexible websites.
-
...MySoftwareTemplates.com high-quality Microsoft Word templates for Software
Development, Proposal
Write successful Proposals, White Papers, Case Studies with slick templates, checklist and forms.
-
Living Within Your Means - The Easy Way!
"
-
PARENTING TOOLS to design the family of your dreams! What does your dream family look like?
Powerful tools for parenting, anger Management, and creative blocks!
-
Productivity. Improve business productivity through work measurement and method study.
Set of resources to improve worker, workplace and office productivity. Learn to measure productivity, calculate a productivity index and construct a total factor productivity index. Resources include team productivity and employee productivity.
-
Construction Information Services - Construction Management
Construction Information Services include Construction Management ebooks - Construction Software - Articles - Firm directories - Forecasting and Trends of the building industry
-
Landlord Property Management Rental Guide
Looking to manage your own rental property? Use our beginners guide for landlords and rental property investors!
