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HUB International TRANSPORTATION Insurance
British Columbia’s leading source of Transportation insurance solutions
When you bring your business to our TRANSPORTATION specialists at HUB International Insurance Brokers, you receive the combined power of our vast global resources and solid local relationships. Our longstanding relationships with the best providers in the business allow us to deliver the solution that serves you best. With HUB, you can run your business knowing that you are headed in the right direction.

8 Ways to Reduce Cargo Theft

Cargo theft and hijacking is on the rise in Canada and the United States, according to Freight Watch International.  In the US alone, the total cost to the economy has been estimated at approximately $300 billion.  This enormous loss includes the value of stolen goods, resupply costs, opportunity costs, as we as insurance and law enforcement costs. 

Organizational Practices That Attract Thieves

  • Dropping trailers off at truck stops and unprotected/unsecured lots
  • Not properly vetting logistics providers before agreeing to service and/or checking drivers at the dock to ensure that the are legitimate employees of the transportation provider
  • Allowing new or temporary employees who have not undergone a background check to handle shipping paperwork or giving them information about upcoming shipments
  • Not accounting for all items to be shipped
  • Allowing unsealed trailers to leave the shipping area

Here are 8 Ways to Reduce Cargo Theft

  1. Conduct a thorough assessment of all shipping processes to identify substandard practices.
  2. Become educated and stay up-to-date on industry best practices. Benchmark and compare to your company operations.
  3. Thoroughly check employees and vendors associated with any logistics activities prior to allowing them into the supply chain.  Conduct random or regular checks to ensure that these individuals have not “fallen under the radar” post-hire.
  4. Account for all products leaving the facility.
  5. Seal all truckloads and document the seal numbers on the bills of lading.  Whenever possible, anti-theft seals or locks should be utilized.
  6. When shipping less than a full load, shipments must be secured in a fashion that keeps them intact.  This can include plastic wrap, banding, or large containers such as totes or boxes. 
  7. Do not communicate information about any shipments to anyone who does not need to know.
  8. Do not permit loads to be left unsecured.  Loaded trailers must be kept in secure facilities and unattended vehicles should never be left unlocked. 

 

Tia Chisholm, HUB International TRANSPORTATION

HUB International TRANSPORTATION specialists are based in Vancouver. Our longstanding relationships with the best providers in the business allow us to deliver the solution that serve you best. With HUB, you can run your business knowing that you are headed in the right direction.

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