Management Information |
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
MORE RESOURCES: Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting |
RELATED ARTICLES
A Tricky Supervision Challenge Many managers believe that treating their team members as responsible adults will assure excellent results. The truth is that while this usually is effective, some people need much firmer limits than others to perform their jobs. What Is Business Sense? What is the principal thing you need to succeed in your business today? Money. Sure, you need it, but it is not the main ingredient for success. Spotlight on Productivity: How to Overcome E-Mail Overload Do you ever feel overwhelmed by e-mail? Have you ever spent more of your day wading through your e-mail than managing your work? Are you looking for ways to spend less time creating, managing and answering messages? Discover how to overcome e-mail overload and be more productive by writing more effective e-mail messages and reducing the volume of e-mail.Write Effective E-Mail MessagesStart improving your e-mail effectiveness by creating and formatting easy to follow content, and by using pre-written responses. 2 Steps For Increasing Company Profits or Performing Business Turnarounds 1. Eliminate wasteEliminate reports, habits, products, duplicate input, and processes that waste time and money. People - You Cant Make Them What Theyre Not Many business people and managers are spending too much time trying to change the underperforming people who work for them. They seem to believe that if they train people - tell them what to do or even threaten them with the sack - then the performance level will go up. Creativity and Innovation Management - Turning Ideas into Action The phrase "turning ideas into action" is a Russian doll.Managing the ideas to implementation process is important for at least two reasons:a) To make effective use of resources - investing in one idea uses resources that could be applied to another idea. Million Dollar Support System For You and For Your Business Whether you are a consultant, coach, business owner, doctor, professional, corporate elite or student, whatever your profession is, moving towards your dream requires taking courageous steps. Making long-lasting changes requires us to create a network of support. Training Managers and New Trainers Training managers use many of the same interpersonal and analytical skills that other types of departments use. In particular, they need to be good communicators, and highly skillful in interpersonal relations. One Thing You Cant Hide One of the most important of all motivators at work is consideration. Employees report that the best managers they ever had were people who cared about them as people and as friends. Quick Tip - Effective Meetings Begin With Goals Goals are critically important for the success of a meeting. You must know what you want so you can ask for it. Why Soft Skills? The industrial age is over. Organizations still stuck in the industrial age business models are going out of business very fast. Where Businesses Fall Short 1. No vision. Too Much Time Treating Symptoms A man drives down the highway each day on his way to work. On Monday he gets a flat tire. How to Fire an Employee One of the most difficult tasks you will face as a business owner will be firing employees. Employees who consistently break the rules, do not perform the functions of their job, or cause difficulties for your business can be a strain on the work environment, your cash flow, and even disrupt your business from thriving and performing as expected. The How-Tos of Firing Incompetent Employees CATEGORIES OF OFFENSES: Most organizations have two categories of offenses in their policies. One category is for flagrant actions which are cause for immediate termination. Why Outsourcing Could Be The Best Thing You Do For Your Business While it's probably not true to say that the traditional 9-5 job is on its way out, it IS true that more and more businesses these days are starting to see the value of outsourcing the jobs they can't cover themselves. Things like copywriting, PR, programming - even secretarial and admin support - are being outsourced to freelancers working from home or running their own business. The New Five Truths of Employee Motivation Motivation is a term that is so widely used, yet many managers know little about how it really works. But it doesn't have to be confusing-in fact, it's quite simple. Assessing Managers for International Competence How do you select staff for international assignments? It's an important question because, no matter how effective and successful your employees may be at home, they cannot be guaranteed the same performance in a different culture-unless, that is, they can demonstrate some key competencies. But beware, these may be quite different from the competencies they need to succeed in their own environment. Agendas Make Meetings Productive Having an agenda template that works well for you, week in, week out, creates a consistency which gets your people bought into the process. Delivering an efficiency and effectiveness which makes the most of the valuable time you have together. Tales From the Corporate Frontlines:The Importance of a Competitive Wage and Benefit Package This article relates to the Compensation and Benefits competency, commonly evaluated in employee satisfaction surveys. It tells the story of a company that needed to attract new employees and discovered how a competitive wage and benefits package was integral to this process. |
home | site map | contact us |