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How HDVI can help you address some of the industry’s biggest challenges

Mark Brest on December 1, 2022

Trucking Insurance Trucking Technology

Recently, the American Transportation Research Institute (ATRI) released its 18th Annual Top Industry Issues Report. This year, the cost of fuel was ranked as the top industry concern, replacing the ongoing driver shortage which had led the list for the last five years.

The ATRI is the trucking industry’s not-for-profit research organization. More than 4,200 trucking industry professionals participated in the survey – the highest total on record for the survey. Nearly half of the respondents were truck drivers and 39% were motor carrier executives. For the drivers, the main concerns were truck parking, fuel prices and driver compensation, while the top concerns for executives were the driver shortage, driver retention and fuel prices.

According to the ATRI, these are the trucking industry’s biggest concerns for 2022:

Fuel prices
Driver shortage
Truck parking
Driver compensation
Economy
Detention/Delay
Driver retention
CSA
Speed limiters
Lawsuit abuse reform

Although there are a wide array of challenges facing the trucking industry, HDVI has the tools and resources your fleet needs to stay ahead of the game.

Fuel prices

The cost of fuel skyrocketed to the top of the list of industry concerns this year, after not appearing on the list for nearly a decade.

Record-high diesel costs this year have impacted fleets of all sizes, and many are looking for ways to cut costs. Year-over-year fuel cost increases of over 35% present significant hurdles for owner-operators.

While HDVI can’t set fuel prices, our tools and resources can help you operate a more efficient and safer fleet. Using telematics and camera data, HDVI’s Fleet Services Representatives provide insights into driver behavior and work with your team to identify ways to reduce costs.

Driver shortage, compensation & retention

Finding and keeping safe drivers has been a longtime struggle for fleets. There are many issues that contribute to the driver shortage.

To help keep your drivers happy and reward them for safe driving behaviors, HDVI offers the Driver+ app. Through the app, your drivers can receive valuable safety information as they measure their performance against the rest of the fleet.

Fleets using the Driver+ app as part of their driver rewards program have reported increases in driver engagement and improved safety scores across the board.

CSA

Compliance, Safety, Accountability (CSA), the FMCSA’s safety measurement system, remains a concern for the industry. While there have been recommendations to improve CSA scoring, these have not been implemented yet.

Until they are, HDVI’s unparalleled solution gives the data and support you need to improve your CSA scores – and save you money in the process.

HDVI’s Shift^® is the first dynamically priced insurance product for the commercial trucking industry. Shift uses your telematics data to create a real-time risk assessment. Our Fleet Portal and Dashboards provide actionable insights you can use to improve safety and operations. As your safety improves, your monthly premiums decrease.