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The latest figures from security services provider FreightWatch International recorded 754 cargo thefts throughout the United States in 2015, with an average value of $184,101. There are various ways cargo thieves plan and accomplish their attacks, one of which often involves paying drivers at rest stops or fueling stations to give up their trucks, or waiting until the driver has left the truck and trailer unattended. These thieves, who are knowledgeable and trained in gaining access to the truck and manipulating the ignition system, then drive off with the stolen cargo. Logistic service providers and shippers can work to stem these […]
According to the American Trucking Associations (ATA), trucking represents 68.8% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled just less than 10 billion tons of freight in 2014, with motor carriers collecting $700.4 billion, or 80.3% of total revenue earned by all transport modes. This illustrates the high volume of activity taking place on our roads and the significant risk of potential accidents involving trucks across the country. In fact, according to the Federal Motor Carrier Safety Administration (FMCSA), about 4,000 individuals were killed in crashes involving a large truck in […]
Purchasing Errors and Omissions (E&O) insurance for your company is an important decision and there are several key points that should be carefully considered. In this webinar the presenter will provide a sound starting point for this process by sharing five essential areas on which to focus. They are: The stability of the insurer and why it matters What’s covered – does it cover your specific operations Continuity between expiring or new policies (claims made vs occurrence) How are claims handled Choosing limits and deductible The financial consequences of E&O claims can have a devastating effect on your business therefore, […]
Transportation and logistic service providers are well aware of the exposures they face when it comes to general liability claims and property losses. Customers and visitors to your premises can slip and fall resulting in injuries. A fire or flood can shutter your operation temporarily, causing you to replace property or rebuild. You insure against these types of losses with General Liability and Property insurance coverages. However, are you aware that your company is more likely to be sued by an employee alleging an employment practices violation than being hit with a slip-and-fall claim or having a property loss? Employment […]
Roanoke Trade is delighted to participate as a platinum sponsor at the 2016 NCBFAA conference taking place April 17th – April 21st, 2016 in Tucson, Arizona! Be sure to stop by and visit us at our booth and outdoor hospitality area. We hope to see you there!
Roanoke’s Jason Odgers will be attending the 2016 Global Logistics Associates (GLA) Annual General Meeting in Atlanta, Georgia from April 10 – 12, 2016. Jason will also be speaking on the upcoming Verified Gross Mass (VGM) requirement which has been added to the Safety of Life at Sea (SOLAS) convention. His presentation will also cover potential new exposures to liability which the intermediaries may realize as a result. We hope to see you there!