Contrary to what many shippers assume—depending on the freight being transported— most motor carriers are not required by law to have cargo insurance coverage. Even when a motor carrier is covered, shippers may be surprised to learn that there is a significant list of specific commodities excluded from a standard cargo insurance policy and equally surprised to learn that there are also situational circumstances in which these policy coverages may also be denied. Depending on the specific arrangement with each carrier and the nature of the services being offered, there may be release rates further limiting the carriers liability for damage or loss related to the movement of their freight.
The Deceptive Illusion of Cargo Insurance - A Cautionary Note
Topics: Carrier, Visibility, Insurance, Scams, authority
Finding a carrier you can trust with your shipment can be a difficult, looming task. Whether you’re going through a broker or working directly with a carrier, it’s important that you take the time to verify their credentials and gain insight into their service history.
While price is often the make-or-break-it factor in a decision process, there are several other things to consider before going with the cheapest option. Below is a quick list to help make sure you connect with carriers that are not only legitimate, but are also a good fit for your business. If your new to freight we recommend starting with our Top Freight Questions Answered post.
Topics: Marketplace, Transportation Management, Freight, Business, Communication, Capacity, Carrier
New to Freight? Your Top Freight Questions Answered
- What’s the difference between LTL and FTL?
Typically LTL (Less Than Truckload) shipments range from 150-10,000 lbs. taking up no more than 10-12 linear feet of deck space, while FTL (Full Truckload) shipments can scale significantly more weight and will usually take up most, if not all, of the deck space of a standard trailer.(53 feet, 45,000 lbs).
Topics: Carrier, Visibility, Transportation Management System, Freight, Efficiency, Marketplace