Category Archives: Transportation Industry News

Mayhem and Unanticipated Liability – How to avoid it

We see many examples of disruptive events in logistics, resulting from erroneous bookings, delivery failures, reckless or negligent behavior, failure to insure, inadequate insurance, contractual liability, fraudulent parties, cargo loss or damage, or complex personal injury litigation.   All such scenarios of "What Can Go Wrong” – may be constructively viewed as underscoring the need to integrate sound risk management and insurance expertise in the business process.   Without it

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A Freight Brokerage operations biggest financial exposure

Litigation filed against a freight brokerage operation probably represents their biggest financial exposures because:

  • The litigation environment has heated up where plaintiffs are regularly naming freight brokers, shippers and consignee in litigation when bodily injury arises or fatalities. CH Robinson 24 million judgement really put the litigation environment against Freight Broker in motion.
Sperl v. CHR case No. 3--09—0830 Sperl v. C.H.

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Why A Shipper should consider moving freight through operation that has freight brokerage authority in place

Why A Shipper should consider moving freight through operation that has freight brokerage authority in place versus directly contracting a motor carrier:

 
  • Reduced exposures for shippers for allegations of negligent hire.
Background to above bullet point: Shipper is one step removed from directly contracting a motor carrier, if a professional freight broker operation is used which includes use of tech

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Trailer Equipment Provided in Support of a Freight Brokerage Business Model

Trailer Equipment Provided in Support of a Freight Brokerage Business Model. Overview: We have noticed a trend where several freight brokerage clients in support of their shippers are considering “leasing” trailers and planning to have these provided for pre-loading there after making arrangement to have these leased trailers pulled by 3rd party motor carrier they contract under their freight broker authority.   It is certainly under

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How a Cargo Insurance Broker Can Help You

Cargo Insurance Broker can be very helpful 

If you are in the trucking or marine shipping industry, there is a good chance that you are carrying very valuable cargo on a daily basis. Because of this, making sure that your cargo receives comprehensive coverage from its freight insurance or marine cargo insuran

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Cargo Risk Management In International Freight Forwarding

Lost orders, replacement costs, delayed orders, damaged reputation, and other overhead costs, are some of the challenges that both shippers and importers face in the international freight forwarders' business. An analysis of the risks that exist beforehand, which is often challenging when using different transportation modes, is paramount in this case, for proper cargo risk management. Through the help of an expert on transportation risk management, you can overcome these challenges. LOGISTI

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Who Needs to Carry Contingent Cargo Insurance

Contingent Cargo Insurance

The shipping industry is an extremely important and valuable industry, millions of dollars of products are shipped daily.  To ensure that all of these shipments are properly covered, having cargo insurance is extremely important. One unique type of cargo insurance to consider carrying is contingent cargo insurance for freight brokers. What Does Contingent Cargo Insurance Cover? Contingent cargo broad insurance is a unique type of cargo insurance that i

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When Is Excess Cargo Insurance (And More) the Right Business Decision?

When Is Excess Cargo Insurance (And More) the Right Business Decision? Hauling chemicals and hazardous materials adds an extra layer of danger to an already risky industry, and that can make finding coverage hard to find. But your business needs the right truck insurance so it can compete for profitable contracts, keep employees safe, and not be swamped with the administrative burden of claims. How to Keep Your Trucking Business Healthy and Safe: Add excess liability coverage an

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Carmack Amendment on the Liability of Carriers Who Provide Warehousing Services

Carmack Amendment on the Liability of Carriers Who Provide Warehousing Services

The Carmack Amendment establishes the liability of a carrier for damages or loss of goods incurred during transportation. The Act also defines transportation as services related to the movement of goods including making arrangements for their receipt, and storage. A carrier who offers warehousing

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3 Tips for Reducing Transportation Risk When Choosing a Freight Broker

FREIGHT BROKER TIPS

Your risk increases substantially as you add-on carriers. Transportation risk can vary from something mild like a slight logistic setback to a costly financial mistake. As a result, it is important to reduce transportation risk as much as possible by following strategic freight brokering tips in this industry. One of the simplest ways to do this is by choosing the right broker. Here are a few freight broker tips that you can use to help you make your next broker sel

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