Articles

Risks and Rewards: Risk Management Strategies

2006: A Year of Supply Chain Changes

The logistics industry continued to undergo fundamental changes in 2006, as shippers demanded increased services from their providers. To meet that need, numerous logistics providers contemplated expanding their core services. One European forwarder, for example, weighed the benefits of providing domestic trucking to a company wanting an integrated service for shipping goods to the United […]

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Cargo Security: Collaborate, Prevent, React

Q: With all the cargo security initiatives that have been implemented recently, what can transportation companies expect for the future? A: After the Sept. 11 terrorist attacks, both government and industry launched unprecedented efforts to ensure cargo safety throughout the transportation chain. Despite these collaborative efforts, maintaining a safe and secure transportation system remains a […]

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Build Your Case With Bills of Lading

Q: I work for a company that imports and exports cargo from countries all over the world. One of our import containers was recently stolen from a delivering carrier’s lot in Jacksonville, Fla., and was never recovered. Who is responsible for the loss—the Non-Vessel-Operating Common Carrier (NVOCC) that arranged the shipment, the ocean carrier, or […]

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Knock on Wood Packaging Materials

Q: We are importing several containers of roof tiles from Spain. The pallets used for the shipment contain paper documents certifying that they were treated to ward off insects and other vermin. The shipment arrived at the destination port, but Customs informed us that the paper documents are not an acceptable proof of treatment. They […]

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Liability Lessons Learned in 2005

This year began with expectations that insurance rates would finally decline as markets recovered from the effects of Sept. 11. Over the past several years, insurers imposed strict underwriting disciplines to restore profitability to the market, which, in turn, attracted new capital. This brought about greater competition and with it, the prospect of softening premiums. […]

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Buying Business Insurance? Dig Deeper

Q: It has been four years since the events of Sept. 11 caused the world’s insurance market to restrict coverage and raise prices. Now, many are wondering if Hurricane Katrina will have the same effect on insurance. What do forecasters predict? A: Insurers are still assessing Hurricane Katrina’s financial impact, gathering details on the magnitude […]

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Protecting High-Value Cargo

Q: My company moves sensitive, high-value instruments throughout North America for hospitals, universities, and government facilities. Because these instruments are difficult to handle, we use special riggers to install them. Given these instruments’ specialized nature, when damage occurs during transit and the instruments must be repaired or replaced, it means significant costs and delays. We […]

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