There are things people incorrectly believe about cargo insurance. Regrettably, for a product so many businesses use, there is little training and education given to procure and use it. In this article, I am going to single out the misconceptions I have seen most often over the years. Cargo insurance insures everything to do with… Read more »
Category: Cargo Risks
General Merchandise Shippers Watch Out!
Way back in 2014, I wrote a piece called *‘Stealing less and enjoying it more’. In short, the article cited an 11% volume drop in thefts March 2014 through May 2014 in the USA. Although despite the drop in incidents, the value of goods stolen jumped a whopping 89% per theft. The ‘value-versus incident number… Read more »
Can there be too many places to buy cargo insurance?
Just one decade ago the number of organizations selling cargo insurance to freight owners for their cargo transported was a fraction of the number today. Back in those heady days, TJO Cargo was on page one for the search term ‘cargo insurance,’ and I knew many of my competitors, this is not the case today…. Read more »
LTL Shipping's Higher Risk
Many shippers have borderline shipments that could be transported LTL although the option of truckload is often cheaper and quicker. Now that truckload capacity is tight with little relief in sight, LTL is becoming more attractive as an option for some shippers. There are a couple of things shippers switching from truckload to LTL must keep in… Read more »
Truck Broker Liability is Real
Truck capacity continues to tighten in the USA, and there isn’t any significant relief coming anytime soon. The capacity issue has a few contributors such as growing freight volume and the ELD mandate, but no contributor to the capacity shortage has more impact than the good old fashioned driver shortage. There are various reasons for the… Read more »
Dangerous goods at sea.
There is an old saying suggesting a little white lie won’t hurt anything. It’s an old saying, but not a correct one. If I ask you to pick up a bag of cheese danish (my personal favorite) to bring to me, you would be angry if the bakery gave you a bag of rattlesnakes instead, wouldn’t you? You… Read more »
This is one way containers are lost at sea.
The Inevitable It happens. It has always happened and it will continue to happen. Some cargo is lost from rough handling, some through improper packaging, and some cargo simply falls overboard from ocean going vessels. Ocean carriers don’t want to lose container cargo, but it happens just the same. We see reports in the media of the more spectacular… Read more »