The logistics industry in Egypt leverages a variety of transportation methods to move resources across the supply chain, and road transport remains one of the most widely used methods. The industry has over 1.5 million+ licensed drivers serving an integral part of the economy, raw materials and goods transportation. Since it’s establishment, Naqla’s 10K+ drivers have transported over 4 million tons of freight for its clients. Our truck drivers are and continue to be a central stakeholder, and their safety is an upmost priority and we aim to continue to create a supportive working environment.
According to the Bureau of Labor Statistics in the United States, trucking is classified as a high-risk job due to: long working hours, increased risk of sleep deprivation and probability of traffic accidents. To support a sustainable and safe operation, there are several factors to consider: freight insurance, driver health insurance, and vehicle insurance. Freight insurance is the most widely available and prevalent insurance method within the industry. It is a policy provided by a third party insurance company and covers a partial or total value of the freight on board based on the specification of the goods and the terms of the policy. Vehicle insurance covers the truck and its parts in the event of collision, fire, sudden mechanical breakdowns among other cases based on the policy taken. Health insurance covers basic medical needs of individuals and dependants. Both vehicle and health insurance remain two areas of development for the logistics industry as a whole, as companies try to tackle the challenges associated with their implementation.
The most fundamental challenge to obtaining sufficient coverage or monetary value is the insurance premium being paid. The premium is the amount of money that is being paid towards the policy by the individual or the business taking out the policy. The increased risk associated with trucking drives up the insurance premiums in the logistics industry.
The World Health Organization (WHO) has reported road traffic accidents in Egypt account for 2.43% of total deaths, and heavy vehicles are involved in 60% of the total road accidents reflecting on how driver health and safety is an essential priority of the logistics industry. Truck drivers risk their lives and their health to ensure the economy stays prosperous, and to support their own livelihood.
Truckers also need to consider backhauling, planning for the entire round trip’s expenses of fuel, weight bills, and potential toll station expenses alongside their essential life expenses. They are at risk of incurring unplanned financial outlays for vehicle maintenance, sourcing parts, and any incidental damages. Naqla’s driver application facilitates payment to the driver, and reduces the average 18% carriers income to brokers or intermediaries allowing them more financial stability. Additionally, NAQLA Store provides the avenue for payment plans to aid financial planning for automotive items including tires, batteries and spare parts. Consideration for a driver’s prosperity and business growth is a core part of Naqla’s commitment. Naqla continues to explore further opportunities to create stability for the driver and their dependents.
Naqla’s success means prosperity for its stakeholders, competitive prices and impeccable service for its clients and a commitment to a safe environment. At Naqla, being a trucker means working towards easing financial burdens, growing your business and managing overhead costs. At Naqla, our commitment is to all stakeholders in utmost priority and our social responsibility. Join our fleet, work with a company that brings value to its community: as a driver, click here and as our client head towards optimising your supply chain here!
Stay tuned next week to hear about “The Truck Driver: A Day in the Life”
