Maritime security risk management specialist Ambrey and port agency and marine services provider Inchcape Shipping Services (ISS) have announced a strategic partnership aimed at enhancing safety and security in the maritime sector and driving improved commercial outcomes for the industry.
Through the partnership, Ambrey and Inchcape will jointly offer a comprehensive range of proven and accredited services via Inchcape’s dedicated Survey & Inspection Department, led by vice president Chris...
Supply chain visibility provider Vizion announced Tuesday it has released a new product to provide customers with live tracking and risk management capabilities.
The new tool, TradeView, is made available through a partnership between the company and Dun & Bradstreet, which will be providing its own supply chain data to be leveraged with Vizion’s global shipment data.
“Our industry needs ESG [environmental, social and governance] transparency mapped across supplier networks and product value...
https://www.freightwaves.com/news/vizion-partners-with-dun-bradstreet-on-risk-management-offering
Growth is often associated with progress, but is sudden and rapid growth for motor carriers always the ticket to success?
Brian Runnels, VP of safety at Reliance Partners, a freight insurance agency, doesn’t think so.
Because of the slim margins carriers face, they must keep trucks constantly moving in order to turn profits. Operating costs, however, reached $2.25 per mile last year, the highest the American Transportation Research Institute ever recorded. So while the desire for growth is...
https://www.freightwaves.com/news/growth-vs-stability-is-it-time-to-rethink-your-approach
In this week’s episode of Taking The Hire Road, Jeremy Reymer, founder of DriverReach, is joined by a great industry friend, Michael Precia, the CEO and president of fleet safety and risk management system Fleetworthy Solutions.
The trucking industry has long been known as a field with a low barrier to entry, and many companies of all sizes have humble beginnings that start with a single truck. While each year in-cab technology becomes more sophisticated in their fleets’ trucks, too often the...
Cybercrime poses an increasing financial threat to individuals and businesses. According to the FBI’s Internet Crime Complaint Center annual report, cybercrime complaints more than doubled from 2018 to 2022. During the same time, losses skyrocketed from $2.7 billion to $10.3 billion.
Logistics and supply chain businesses are often targeted for cyberattacks due to the industries’ critical role in the economy. This includes freight brokers, who, as the intermediary between carriers and shippers,...
https://www.freightwaves.com/news/the-crucial-role-of-cyber-liability-insurance-for-your-business
Hello, and welcome to the coolest community in freight! Here you’ll find the latest information on warehouse news, tech developments and all things reefer madness-related. I’m your controller of the thermostat, Mary O’Connell. Thanks for having me!
All thawed out
(Photo: LinkedIn)
There’s big news for small batteries in the medical supply chain. Artyc PBC, a cold chain startup, has developed a small battery-powered cooling container designed to transport medical goods.
“The Medstow Mini is a...
https://www.freightwaves.com/news/running-on-ice-good-things-come-in-small-packages
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
With a few exceptions, ELDs are now found in almost every semi-truck on the road, performing the integral job of keeping track of drivers’ hours of service.
During his time inspecting trucks while working for the Commercial Vehicle Enforcement Bureau, Daniel Vega, Reliance Partners’ director of safety, regularly witnessed issues with ELDs — including user error — when the ELD mandate first went into effect.
“When they first started the transition from paper logs to ELDs, there were a lot of...
The transportation industry is a critical part of the U.S. economy and as such, organizations large and small within the industry could be appealing targets to cybercriminals.
In recent years, as the industry has undergone a digital transformation, the number of vulnerabilities that bad actors can exploit has only grown.
“The more you digitize, the greater the potential for disaster,” said Debbie Ruane Sparks, executive director for the National Motor Freight Traffic Association (NMFTA).
The...
https://www.freightwaves.com/news/youve-already-digitized-now-its-time-to-protect-your-assets
Jeremy Reymer, CEO and founder of DriverReach, is joined on this episode of Taking The Hire Road by an industry friend, Hayden Cardiff, chief innovation officer and founder of Idelic, who happens to be one of DriverReach’s strongest integrated partners.
During his time working in trucking consulting, Cardiff identified a critical pain problem among fleets of all sizes: Companies have access to an abundance of data but do not have a good solution to use that information to be proactive and...