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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 Wrongâ€
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 li
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 professi
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
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 insurance policy is critical. If y
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 param
Who Needs to Have Contingent Cargo Insurance? In most situations, contingent cargo insurance is not required to be held by any party. However, freight brokers would be much better covered if they have this type of insurance in hand. Contingent cargo insurance coverage for freight brokers will mean that the broker will have coverage inread m
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, andre
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 storag
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
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