I recently had a customer ask me for a cargo insurance rate for cargo traveling from Qingdao, China, to Germany. What is interesting about that? It was for ground rail transit that would have the conveyance moving through both Russia and Ukraine, that’s what. My customer explained that getting cargo cover was possible because he… Read more »
Tag: cargo insurance
Yearly cargo policy, or per shipment, what is best for you?
If you are an importer or exporter, one of the things you must think about is cargo insurance. In some select circumstances cargo insurance is not your worry, but often it is your worry. When is cargo insurance not your worry? Importer The first instance is if you are buying goods from overseas delivered to… Read more »
Seven Things People Get Wrong About Cargo Insurance
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 »
While there is a right answer, it's not always the right answer.
One of the questions I am often asked by small to medium-sized importers/exporters is, “Should I use a yearly cargo insurance policy or per-shipment policy for my cargo insurance?” My answer is always a definite, ‘that depends.’ While volume plays a large role in whether a yearly policy or per shipment insurance is the right… 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 »
Things have changed in transportation.
Long long ago in a time unrecognizable to many of us, before iPhones, Twitter, Wifi, and even the ongoing Kardashian drama, cargo moved, and supply chains existed, but it was very different than today. While dinosaurs did not quite pull containers to and from the port, they may have well have been when compared to today’s… Read more »
LTL TMS Integrated Cargo Insurance
The future looks pretty bright for the LTL industry. With the bolstering economy, expanding E-commerce, and tight truckload capacity, all indicators point up for the LTL industry. As Adam Satterfield, CFO at Old Dominion Freight Lines, was quoted in a recent Transport Topics article, “There is going to be a continuation of the long-term shift within supply… Read more »