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Roanoke Trade
22 followers -
Insurance for Trade and Transportation
Insurance for Trade and Transportation

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Freight transportation costs in the United States amount to about 6% of the GDP, according to the Department of Transportation, contributing significantly to the cost of the supply chain for companies.

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There are three categories of global risks: natural, man-made, and economic. With any type of risk, how well-equipped and prepared companies are will determine the extent of how well they weather a disruption, not only in minimizing financial loss but also in averting reputational and brand damage.

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Roanoke Trade in developing CoverageDock™ provides clients with a number of benefits that go well beyond streamlining the process to sanction screening, reducing errors in coverage and claims management.

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Unforeseen natural disasters and events can cause severe delays and upheaval in the supply chain. Having an emergency management plan is critical to saving logistic service providers both time and money.

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The centuries-old Chinese New Year, also known as the Spring Festival, will be celebrated on January 28 as we enter the Year of the Rooster. But, in reality, the holiday creates about 10 to 15 days of radio silence from the entire country including suppliers, agents, and partners, which has a huge impact on global supply chains originating in China.

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Hanjin Shipping, the troubled container line who filled for bankruptcy last August, has filed a financial disclosure one day before the US District Bankruptcy Court in New Jersey was scheduled to discuss the ocean carrier’s request to extend a previous Friday deadline to disclose its assets.

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The airfreight forwarding industry along with the rest of the U.S. economy between 2008 and 2014 experienced a severe decline. What’s more, although the overall economy bounced back, the air freight forwarding market continued to lag behind.

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Negotiating shipping terms and conditions and other agreements can be a little tricky when there are language barriers. International trade consultant John Freivalds says to try using “guerilla linguistics” – a small set of foreign phrases – to improve your negotiation position and make an impression when dealing with foreign entities.

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As the leading provider of insurance solutions for transportation and logistics providers, at Roanoke Trade we handle many different types of Cargo insurance claims – from freight forwarders and property brokers to third-party logistics providers and customs brokers.

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Peak season for higher-than-normal cargo thefts is in full swing, particularly during holiday weekends when transportation companies, shippers, and manufacturers need to be on maximum alert. To thwart cargo theft by a fictitious pickup, there are practices you can implement.
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