Relaince Partners

How brokers can avoid cargo coverage ‘gotcha’ situations

Insurance has been a hot topic across the trucking industry over the past several years. Most often, however, insurance talks revolve around motor carriers and truck drivers. Freight brokers have largely been left out of the conversation.

Broker liability is often a gray area. In fact, multiple related cases have recently caught the attention of the Supreme Court. While the question of liability is seldom cut and dried, brokers and 3PLs are often held responsible for lost or damaged cargo. In...

https://www.freightwaves.com/news/how-brokers-can-avoid-cargo-coverage-gotcha-situations

Carriers must act now to avoid FMCSA portal lockouts

Cybersecurity is a growing concern across industries. In the transportation and logistics space, cyberattacks can wreak havoc on day-to-day operations, leading to an avalanche of disruptions and delays. 

The Washington State Department of Transportation experienced this firsthand earlier this month. The agency’s website — which allows users to track ferries and check the changing status of mountain passes — was down for days after it was targeted in a cyberattack, causing rampant confusion for...

https://www.freightwaves.com/news/carriers-must-act-now-to-avoid-fmcsa-portal-lockouts

Cross-border risk management helps companies win nearshoring game

Just 10 years ago, if you were a U.S. shipper sending goods across the border to Mexico, you faced a significant risk: a lack of cargo insurance.

In the U.S. and Canada, most carriers have at least $100,000 in cargo insurance. In Mexico, however, cargo insurance is very rare and has historically been extremely difficult to procure.

On a $100,000, 40,000-pound load, a Mexican carrier would not be required to have any cargo coverage, whereas the standard U.S. carrier would have at least $100,000.

“Th...

https://www.freightwaves.com/news/cross-border-risk-management-helps-companies-win-nearshoring-game