Contact an Insurance Specialist

Customer Login

Industry Insights

by Roanoke Trade

The global insolvency of Hanjin Shipping Co. Ltd. had a tremendous impact on cargo owners, including losses involving the need to move cargo from one carrier to another; making arrangements for additional transportation modes; and taking measures to minimize losses resulting in additional storage fees, charges and fines; among other claims. Hanjin, the largest shipping company in South Korea and the world’s ninth-largest shipping company, operated about 60 regular lines worldwide.


by Roanoke Trade

The rise of e-commerce is helping to meet the demand of businesses and consumers for faster delivery times of goods and causing logistics service providers to look at their businesses differently including their use of different transportation modes. An article recently published by JLL on logistic trends points out that while mega ships (the largest ships are now 22,000 TEUs) are dominant in transoceanic delivery they are not conducive to the speed-to-market demands of today’s e-commerce groups.


by Roanoke Trade

 

Beginning April 1, 2017, liner-wide consolidation has entered its third generation with three new alliances: the Ocean Alliance, THE Alliance, and 2M Alliance. The first vessel-sharing consolidation of ocean carrier vessels took place back in the 1980s and 1990s and then again in 2011. The goal of these alliances is for carriers to pool their resources together to address overcapacity and underutilization of their vessels and save money.


by Roanoke Trade

The May 31st renewal deadline for the new Federal Maritime Commission (FMC) Ocean Transportation Intermediary licensing program is fast approaching. As you probably know, on November 4, 2015, the FMC issued a Final Rule involving various aspects of its regulations affecting Ocean Transportation Intermediaries (OTIs). As a result, OTIs are now required to renew their license every three (3) years.


by Roanoke Trade

 

 
There are several disruptive areas set to impact the future of the logistics industry, according to a report released by consulting company PwC called Shifting Patterns: The Future of the Logistics Industry. Evolving customer expectations, technology breakthroughs, new entrants into the industry, and new ways to compete and collaborate are reshaping the industry.  Following is an overview of what’s happening, according to the report, as well as what’s to come:

Changing Customer Expectations: Individuals and businesses are demanding that goods be delivered faster and at lower costs while also expecting greater flexibility.


by Roanoke Trade

As a leading provider of insurance solutions for freight forwards, customs brokers and other logistics service providers, one of the key components in helping our clients mitigate and prevent losses is through the implementation of strong risk management strategies, practices, and tools. To this end, Roanoke Trade has developed a complimentary Risk Management Webinar Series for 2017 to help clients enhance their awareness of potential risks in day-to-day operations and provide solutions to help manage these risks.


by Roanoke Trade

As a logistics service provider, you’re contracting with truckers to move your client’s goods and depending on reputable carriers to get your cargo to its final destination intact. You also depend on your carriers to take the measures necessary to prevent loss and minimize risk to the cargo, including from cyber threats. But the reality is that cargo theft continues to be costly for the industry, with estimated losses between $15 billion to $30 billion a year, according to the FBI.


by Roanoke Trade

As most of you are aware, on November 4, 2015 the Federal Maritime Commission issued a Final Rule involving various aspects of its regulations affecting Ocean Transportation Intermediaries (OTIs). As part of the Final Rule, the Commission now requires for the first time that OTIs renew their license every three (3) years. 46 C.F.R. §515.14(c). The Commission has begun the first round of alerting OTIs of their obligation to renew, sending notice to the email address the Commission has on file for a given OTI.


by Roanoke Trade

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. When companies look to manage and reduce their overall supply chain costs, the appropriate use of transportation is key in doing so.

Transportation management enables a firm’s transportation strategy to support its competitive strategy and its ability to deliver a level of responsiveness to customers.


by Roanoke Trade

Carnets: What Are They? How Do I Use One?

We invite you to join us for an ATA Carnet Workshop at the Holiday Inn in Torrance, CA on February 23, 2017 from 8:30a – 11a.

An ATA Carnet is an international customs document that provides duty-free customs clearance for temporary imports and exports into over 100 countries. ATA Carnet simplifies temporary entry by eliminating the need to post a temporary import bond or file a duty drawback.