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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:

Wednesday November 18, 2015 2:00PM - 3:00PM EST

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.

Previous webinars, including various "Basic Training" and "Focus Training" session are available here. To view an archive video you need to have a CAB Subscriber account and be logged in.

Volume 18, Edition 10 PDF Print E-mail
Bits & Pieces
Wednesday, 28 October 2015 09:59

I am hoping that you will take a moment to read about this subject dear to my heart. As many of you know, I have spent the last few years trying to raise awareness of the steps that can be taken by insurers, truckers, shippers and warehouseman to assist in feeding those in need. I bring it up at every seminar and every meeting.

Feeding America reports that in 2014:

* 48.1 million Americans lived in food insecure households, including 32.8 million adults and 15.3 million children.

* 14 percent of households (17.4 million households) were food insecure.

* 6 percent of households (6.9 million households) experienced very low food security.

* Households with children reported food insecurity at a significantly higher rate than those without children, 19 percent compared to 12 percent.

* Households that had higher rates of food insecurity than the national average included households with children (19%), especially households with children headed by single women (35%) or single men (22%), Black non-Hispanic households (26%) and Hispanic households (22%).

* In 2013, 5.4 million seniors (over age 60), or 9 percent of all seniors were food insecure.

* Food insecurity exists in every county in America, ranging from a low of 4 percent in Slope County, ND to a high of 33 percent in Humphreys County, MS.

Over the years I have assisted in having countless shipments of food products disposed of, or sold for pennies on the dollars; food that could feed many who need it and which would be gratefully accepted by most food banks throughout the country.  I have made it my mission to get the word out and to solicit more insurers, shippers, truckers and warehouseman to consider donating rejected or otherwise minimally damaged shipments to help us feed the country. And remember you can always take a tax deduction! 

I invite you to consider this option as you adjust cargo losses and consider salvage of freight. In coming months I will be reporting more on this issue and will be working toward creating programs which will facilitate the donation of food products to local food banks. Thanks for listening.

And now on to the news:

HIGHWAY BILL - The House Transportation and Infrastructure committee approved the policy portion of a six-year, $325 billion highway bill.  If this passes there are anticipated changes to CSA. Under the changes the FMCSA will have to request that the National Research Council study the carrier ranking system and the Safety Measurement System data to determine whether the BASICs work as intended in identifying high risk carriers and predicting future crash risk. The review would also look at the data reporting coming from each state, and how the public uses the posted carrier SMS data—and “what effect making the SMS information public has had on reducing crashes and eliminating unsafe motor carriers from the industry.” In addition carriers that install advanced safety equipment, use enhanced driver fitness measures, and adopt fleet safety management programs would be able to better their scores.  We will see where this goes.