BFL CANADA’s Transportation Professionals Decrypt the Challenges Facing the Trucking Industry

The ripple effects of the US Administration’s trade conflict are being felt across the trucking sector, already weakened by the COVID-19 pandemic.

In a feature on the trucking industry published in Le Journal de l’assurance, Scott Cober, National Practice Leader, Senior Vice-President—Transportation, and Francis Goyer, Vice-President, Client Executive—Marine and International Logistics at BFL CANADA, break down the challenges Canadian carriers are currently facing. They also delve into the implications for the transportation insurance market: a decline in the number of heavy-duty vehicles insured, increased competition among insurers, and a rise in the number of self-employed drivers.

Brokers must now take these new parameters into account in order to help carriers secure the best coverage.