“Nuclear verdict” kills 540 truck carrier

[Mike]

Country Wide RV Transport (CWRV), the nation’s second largest RV and motor-home transportation provider, is shutting down for good, according to information received late Friday by FreightWaves.

The 540 drivers that currently work for the recreational vehicle transport company will be out of work effective November 1st. The news was first reported on the blog Freight Broker Live., which included a screen shot of an email sent to the company’s employees.

The CWRV site says the company is exclusive hauler for RV retail chain Camping World (NYSE: CWH).

CWRV uses independent contractors to transport recreational vehicles and motor homes from the factory and retail stores to consumers that purchased the vehicles. The company’s website says a driver must supply at least a 3/4 ton truck and necessary hitches and towing equipment.

The company recently was the defendant in a civil lawsuit involving a driver who fell asleep at the wheel and killed a husband and wife. The jury awarded the children of the victims $26.6 million in a wrongful death lawsuit in a Denver, CO court-room just two weeks ago.

"Nuclear verdict" kills 540 truck carrier

The company was the second largest RV trucking firm and was the service provider behind Camping World's RV's transportation network

www.freightwaves.com

 

[Mike]

This should be making every carrier and every broker nervous.

at this point, even a broker has been successfully sued for the actions of a driver.

Some insurance companies have left the trucking industry market completely due to these lawsuits.

 

[GAnthony]

This should be making every carrier and every broker nervous.

at this point, even a broker has been successfully sued for the actions of a driver.

Some insurance companies have left the trucking industry market completely due to these lawsuits.

and that will have to mean stellar premiums as well.

i'd have a fear that even the slightest fender bender and no injuries would cancel out one's insurance, then what to do..??

also, gonna be tougher on o/o's and companies now that have to search for insurance, with a black mark or two on them.

 

[Mike]

and that will have to mean stellar premiums as well.

i'd have a fear that even the slightest fender bender and no injuries would cancel out one's insurance, then what to do..??

also, gonna be tougher on o/o's and companies now that have to search for insurance, with a black mark or two on them.

they are trying to raise the minimum coverage up to several million at this point.

That’s not even my concern, though. It’s the massive lawsuits that are being easily won in the courts.

 

[mndriver]

Talking to my insurance.....



Tort reform is seriously needed.

 

[Mike]

Talking to my insurance.....



Tort reform is seriously needed.

If a lawyer ever gets to me for a judgment like this, may as well add some jail time cause I’m gonna pay them a visit, lol.

 

[(((ME)))]

It almost like there out to destroy the trucking industry. Our law system needs a over haul....justice has become weak. Mountains of regulations .....insurances needs regulation enforced. But yet supply and demand just keeps on rolling.

 

[ironpony]

and that will have to mean stellar premiums as well.

What do you mean start? Premiums are already skyrocketing.

 

[(((ME)))]

If a lawyer ever gets to me for a judgment like this, may as well add some jail time cause I’m gonna pay them a visit, lol.

You can keep appealing threw courts til hell freezes over. I seen cases dragged threw court system for years.Judgements aren't worth the paper there written on. You cannot draw blood out of a turnip. Criminals have more rights then a working man....it lead to making outlaws out of all of us.

 

[mndriver]

If a lawyer ever gets to me for a judgment like this, may as well add some jail time cause I’m gonna pay them a visit, lol.

Oh they're not seeing nuclear verdicts like this just in trucking. It's insurance industry-wide.

 

[GAnthony]

Oh they're not seeing nuclear verdicts like this just in trucking. It's insurance industry-wide.

it's the new way to win the "lottery".

 

[GAnthony]

What do you mean start? Premiums are already skyrocketing.

i said "stellar" as in into the stratosphere......not start.

 

[ironpony]

i said "stellar" as in into the stratosphere......not start.

Apparently, you've never bought commercial truck insurance.

 

[GAnthony]

Apparently, you've never bought commercial truck insurance.

no, and i never will...what i was saying and you must have taken the bus at the same time, and missed what i said, was that the rates are going to go even higher, and most likely as mentioned earlier, many insurance companies will simply pull out and maybe sell life or health or burial insurances instead.... it will most likely spell the end to the smaller companies and low earning o/o's in time..

by the way, where did that bus take you..???

cuz you shirley ain't back yet.

 

[mndriver]

no, and i never will..

Yet here you are lecturing to those of us that do buy it

 

[Hammer166]

Talking to my insurance.....



Tort reform is seriously needed.

I totally agree, but with half of the guys in the Congress trial lawyers it ain't likely.

 

[GAnthony]

Yet here you are lecturing to those of us that do buy it

no i am not lecturing merely saying that it's gonna get more costly. lecturing would be to tell you to sell out now and go company driver.

 

[(((ME)))]

no i am not lecturing merely saying that it's gonna get more costly. lecturing would be to tell you to sell out now and go company driver.

Back in early 90's I owned a towing and wrecker service and a garage.....even then my insurance for the towing service was about$3000.00 a month for just insurance. It is expensive .

 

[ironpony]

I totally agree, but with half of the guys in the Congress trial lawyers it ain't likely.

The one pushing the $5 million coverage was a partner in, and is married to the owner of a law firm that specializes in big truck accidents.

 

[Rigjockey]

The one pushing the $5 million coverage was a partner in, and is married to the owner of a law firm that specializes in big truck accidents.