Category Archives: Knowledge

3PL Providers: Exercise Care in Client Promises

A court decision occurring last August should remind Third Party Logistics providers (3PL) and freight brokers to consider carefully their contractual and applied promises to customers – as 3PL Providers can be found liable for the promises that they make. Particularly in high exposure cases when a subcontracted motor carrier has minimum insurance coverage, 3PL providers must avoid the perception that they control driver and motor carrier actions. In this case, McHale v Kiswani Trucking, an

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How To Select a Cargo Insurance Broker

Selecting a Cargo Insurance Broker is one of the biggest tasks for any transportation and logistics company. Making sure that your cargo shipment is safe is very important. Mishaps can happen with cargo shipments before, during, and even at the time of delivery. The cargo can end up sustaining damage or become a total loss. As a result, the manufacturer, the cargo shipping company, and the customer who bought the product lose money. For these reasons, it is very important for everyone to have i

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Comprehensive Freight Broker Insurance

In an ever-changing world of new laws and regulations, freight brokers are required nearly to be lawyers to keep up. For instance, they have to keep up with what's required from: the FMCSA, the United States Department of Transportation, MAP-21 laws, and other regulatory bodies and laws from the government. Many times freight brokers are running their business at risk and don't even know it. This is why LOGISTIQ Insurance Services is committed to simplifying your insurance and surety compliance

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A beginner’s guide to TIA

Chances are if you're in the freight broker industry, you're familiar with the business of 3PL's, or third-party logistics, but you may not belong to a top-notch 3PL organization like Transportation Intermediaries Association (TIA). Joining makes sense for 3PL professionals and might be the best strategic decision you ever make. Consider this a beginner's guide to membership in the most trusted 3PL organization in North America: Did you know?

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Freight Insurance Brokers and Evolving Maritime Risks

As technological advances and global developments change the maritime industry, cargo and freight insurance brokers might want to reevaluate their insurer relationships.  Maritime risks have moved beyond the peril of rough seas and insuring against hazards is increasingly complex. Changes that are impacting risk management in the maritime insurance industry include the following. Although technology has made the maritime industry more efficient, it

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Freight forwarding and logistics: What the high performers know

How can you become a high-performing Freight Forwarding, Freight Brokerage, and logistic company? Accenture, the global management consulting firm, has published an excellent article titled: "Freight forwarding and logistics: What the high performers know". The article indicates that using the structure of the three building blocks of high performance, as defined by the Accenture High Performance Business research program, the following are some of the important lessons about high performa

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Supply Risk Management For Freight Brokers

We saw a great article published in Logistic Management Magazine based on a study by A.T. Kearney, the global management consulting firm. In this study, the author focuses on identifying the importance of risk management in global supply chain which could affect a variety of LOGISTIQ's clients including Freight Brokers and Freight Forwarders. This article emphasizes the need for freight brokers and freight forwarders to make sure that they have adequate Contingent Cargo Legal Defense Coverage an

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How to avoid cargo theft by fictitious pickup

[caption id="attachment_808" align="alignleft" width="300"]A royalty free image from the transportaion industry of two truck drivers using a laptop computer at a truckstop. A royalty free image from the transportaion indus

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Why you need Shippers Interest Cargo Insurance

Shipping disasters happen all the time. According to the International Transport Workers' Federation, approximately 2,000 seafarers lose their lives because of what goes on in the open sea. There are a number of working sea vessels that go across the ocean without mishap, but there are some that are not so lucky. This is why it's important to work with a freight forwarder to help to protect your valuable freight while en-rou

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Why you need Marine Cargo Insurance

if you are not purchasing  marine cargo insurance and you are shipping something from one side of the world to the other, you could be at risk. Did you know that freight forwarders aren't obligated to carry Marine Cargo Insurance? This means that when you ship something, there may be no financial protection in place. What Marine Cargo I

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