Insights
In January, we covered the new International Maritime Organization (IMO) amendments to the International Convention for the Safety of Life at Sea Convention (SOLAS), which requires shippers verify gross container weight prior to shipping beginning July 1, 2016. These new amendments have sparked controversy with some shippers saying it will be difficult, if not impossible, […]
As part of our ongoing commitment to assist the transportation and logistics service industry in mitigating their exposures to loss, particularly regarding contractual liability, Roanoke Trade recently introduced the Trade Risk ReviewSM, exclusively available for our clients. Trade Risk ReviewSM addresses a client’s operational and legal concerns by providing affordable access to legal advice by […]
A new insurance industry report highlights the growing security and safety risks the shipping industry faces – from cyber attacks to piracy and super storms – and warns that shippers should be better prepared to handle these exposures. This report comes on the heels that 2015 was the safest year for the maritime industry in […]
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 […]
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 […]
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 […]