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About CAB

CAB LogoFor over 70 years, Central Analysis Bureau, Inc. has been an important part of the underwriting plan for the commercial auto and inland marine insurance industry. With its unique understanding of all aspects of the trucking industry, CAB has developed a proprietary rating system which, based on a series of specific ratios and equations, is utilized to analyze a motor carrier’s financial records to determine the financial strength of that carrier. For years, the name CAB has been synonymous with financial analysis, and an acceptable CAB rating is a prerequisite for many underwriters.

 
Upcoming Training Webinars and Archived Video Sessions E-mail

Training sessions are open to all CAB subscribers. Please click on any of the upcoming training sessions below to register for the session. 

CAB Basic Training:
  • Tuesday September 22, 2015 2:00PM - 3:00PM EDT
    • This is a CAB training on the use of the newest features of the CAB website and CAB Report. This will include an overview of our new features as well as a refresher of the features and navigation of the CAB website.
CAB Focus Training:
    • There is no live focus session scheduled at this time but there are many archived sessions on a wide variety of subjects available here.
Previous webinars, including various "Basic Training" and "Focus Training" session are available hereTo view an archive video you need to have a CAB Subscriber account and be logged in.
 
Volume 18, Edition 8 PDF Print E-mail
Bits & Pieces
Thursday, 27 August 2015 08:20

Hope everyone is well as we head into the Labor Day holiday.  It has been a pretty nice summer here on the Jersey shore.  We hope you had an opportunity to take some time off.

We are gratified by the great reaction to Analysis Central™, our newest feature, which gives you instant access to reports and analysis giving you a deeper and more insightful review of a motor carrier and its operations. For those of you who missed our live webinar introducing Analysis Central™ it can be viewed here, or accessed along with many other recorded webinars in the “About CAB – Webinars” section of our subscriber website (you need to be logged into our subscriber site to view a webinar).

August is a quiet time with little happening in the industry.  We did find some news to report:

CARGO THEFT - Freightwatch has reported that the number of incidents of cargo theft in the United States is down slightly.  The last quarter saw 178 incidents of cargo theft. The average loss was $189,307.   Food and drinks continue to be the most-stolen product type, accounting for 16 percent of total thefts. Home and garden supplies and electronics followed, with 14 and 13 percent of the thefts.  Texas took the lead, followed by New Jersey, California, Florida and Georgia as the high crime areas.   Most thefts continue to occur in unsecured parking lots, followed by thefts from warehouses and distribution centers and secured lots Full truckload thefts were the most common.  Identity theft is now on the radar, accounting for 5% of the thefts.

PARKING - The DOT released a survey on the lack of safe parking for trucks.  The DOT’s findings in the “Jason’s Law Truck Parking Survey Results and Comparative Analysis” confirm that there are shortages in almost every state.   Almost half of the state departments of transportation surveyed reported that truckers were forced to park on freeway interchange ramps and shoulders of highways, which represents a safety issue both for the drivers and the freight. A complete copy of the report can be viewed here.

TRAFFIC REPORTS - New estimates released by the FHWA show that U.S. driving topped 1.54 trillion miles in the first half of 2015, beating the previous record – 1.5 trillion, set in June 2007. This is more than double the amount driven during the same period in 1981, continuing a trend of America’s driving mileage doubling nearly every generation. The new data shows that 275.13 billion miles were driven last June, the most ever in June of any year and the highest VMT for the first half of any year.