As the holiday shopping season descends, companies should be aware that law-abiding consumers are not the only folks hoping to get their hands on this season’s hottest gifts.
Nuclear verdicts do not just impact the defendants; they drive insurance rates up for companies across the industry, as well as the motoring public.
BulkLoads.com said that shippers can now use MyCarrierPackets.com services within its BulkTMS solution, allowing for monitoring of insurance status and safety compliance of carriers.
Lula Trucking’s software could reduce operators’ truck insurance costs through pay-per-day tools.
In the absence of shipper’s interest cargo insurance to protect the cargo owner against financial loss, carrier’s liability is all that remains, and cargo owners are often disappointed by the all-too-common misconception that the carrier will fully cover their loss.
3 reasons you need a dashcam
“The trucking insurance industry hasn’t innovated anything for the last few decades, so we thought with our insights and the right person we could change that,” said CEO Mats Holmback.
It’s important for LSPs, cargo owners, warehouse operators and other stakeholders in the supply chain to understand their insurance programs, contractual agreements and best practices to properly protect their businesses.
A drop in traffic because of the pandemic appears to have been a one-shot that made the market less difficult for underwriters.
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