Articles
Risks and Rewards: Risk Management Strategies
Compliance the Top Concern of 2004
Q: Looking back at 2004, regulatory compliance issues posed a big concern for my business. Am I facing this challenge alone? What were the biggest issues logistics professionals faced this year, from a liability standpoint? A: Security issues dominated the news in the supply chain industry throughout 2004, as various government agencies took steps to […]
Read MoreSteering Clear of Roadside Risk
Q: I recently made arrangements with a trucker to transport a co-loaded trailer from the Midwest to the East Coast. The trailer jackknifed on the highway and overturned, causing an accident with another car. I’m worried because I received a letter holding me responsible for any injury and property claims that may result from this […]
Read MoreBracing for an End to Terrorism Insurance
Q: What’s the latest word on terrorism insurance? I keep hearing that this insurance might not be available soon. What does this mean to the transportation industry? A: The terrorist attacks on Sept. 11, 2001, dealt a serious financial blow to the insurance industry. In the aftermath of the attacks, the industry retrenched itself by […]
Read MoreMaking Sense Out of Transportation Insurance Policies
Q: I am a freight forwarder, providing freight transportation services to my customers. I use all modes of transport to all parts of the world. I operate a small warehouse, own two trucks, and when necessary, partner with other operators to give my customers a complete intermodal service. Can you help guide me through the […]
Read More8 Steps to Lower Insurance Premiums
Q: I have experienced big increases in my insurance premiums. Why has this happened and what can I do about it? A: Like all commodities, insurance is subject to the laws of supply and demand. Its cost is determined by the amount of capacity available in the world’s markets. In the 1990s the world experienced […]
Read MoreComplying with the Bioterrorism Act: What If Something Goes Wrong?
Q: The Food and Drug Administration issued new regulations requiring the receipt of prior notice when perishable goods are imported to the United States. What specific obligations are imposed on importers and logistics providers and what are the potential consequences? Will my insurance policy cover me if something goes wrong? A: On June 12, 2002, […]
Read MoreAre Your Goods in Transit Safeguarded?
Q: The supply chain in the United States can be long and involve a number of carriers, railheads, truck depots and container yards. How can I reduce the risk of disruption to my goods during transit? Which criteria do you suggest I use in checking my suppliers’ facilities along the supply chain? A: Transit delays […]
Read More