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Congress may Lower the Interstate Age Limit for Truck Drivers

Posted by Genie Wood on Fri, Jul 24, 2015 @ 10:49 AM

A bill was just recently introduced into Congress this past week that could allow drivers as young as age 18 to drive commercial trucks across state lines. If the bill passes, it would require that contiguous states join together and form “compacts” to lower the current age limit to 18 for interstate routes. However, there is no limit to the number of states that can join compacts, so potentially the entire US could have its age limit lowered.

This change is in response to the recent shortage of drivers for the freight industry. Previously, 18-year-old drivers were allowed to drive within states, but a driver had to be 21 or older to be able to cross state lines. This limited the industry in its ability to transport cargo between states, but lowering the age limit would allow for more recruits. However, the bill would place certain restrictions on young drivers, such as preventing them from transporting hazardous material or driving oversized or overweight loads.

TBS Factoring Service has been helping trucking companies remain profitable and successful for decades. With the trucking industry undergoing such drastic changes, it is important to keep other aspects of business in line.  With our bookkeeping, insurance offerings, and freight factoring services, we can help independent trucking companies and drivers keep their finances straight in a changing industry. Call us at (800) 207-7661 today for more information.

Tags: TBS Factoring Service, Trucking Laws, Trucking Jobs, Trucking Industry

Legislation Proposed in Congress to Increase Trucking Insurance Minimums

Posted by Genie Wood on Wed, Aug 21, 2013 @ 10:28 AM

A bill authored by Rep. Matt Cartwright, D-Pa., would dramatically increase the minimum amount of injury and property damage insurance that trucking companies are required to carry. Under current law, trucking companies are required to carry a minimum of $750,000 in insurance in the event of an accident. Cartwright’s bill would increase this amount almost five-fold, to a total of $4.4 million.

Industry groups such as the American Trucking Associations argue that such moves could be harmful to the overall industry, and could harm small trucking companies in particular, without measurably improving the safety of other motorists. At present, the bill is not expected to pass the Republican-controlled House of Representatives.

At TBS Factoring Service, our team of trucking industry professionals understands the challenges that truckers can face, and we work to ensure that truckers and trucking companies have the support and assistance they need to stay on the road. Contact us at 800-207-7661 to learn more about what we can do for you.

Tags: TBS Factoring Service, Trucking Laws, Trucking Insurance, American Trucking Associations