Motor Truck Cargo: Managing Your Risk in 2026-Motor Truck Cargo: Managing Your Risk in 2026

Video Transcription

Video Summary

The webinar "Motor Truck Cargo Claims: Managing Your Risk in 2026," hosted by Inland Marine Underwriters, provides an in-depth exploration of motor truck cargo transportation, shipment documentation, risks, and strategies to combat cargo theft. Presenters Nadia Rankin, a seasoned cargo claims handler, and Matt Humphrey, an expert in marine surveying and insurance risk consulting, outline the modes of transportation—sea, air, rail, and road—highlighting the prominence of motor truck transport for short to medium shipments. Key types of trucks, top U.S. carriers, and shipment methods such as Less Than Truckload (LTL) and Full Truckload (FTL) are discussed, alongside essential supply chain roles including shippers, consignees, freight brokers, and freight forwarders.<br /><br />The session emphasizes vital shipment documents: bill of lading (BOL), proof of delivery (POD), commercial invoice, and packing list, explaining their roles in shipment verification and claims processing. Cargo claims are categorized into lost, damage, shortage, and theft claims, with cargo theft analyzed extensively. Types of cargo theft include physical ("grab and run"), strategic theft (planned and sophisticated), cyber theft, pilferage (small incremental losses), and technology-based theft involving GPS jammers and trackers.<br /><br />The presenters highlight cargo theft's growing financial impact, estimating losses between $500 million and $1 billion annually, with food, beverage, and household goods as top targets. They warn of risks linked to load boards, where postings of available loads enable thieves to act rapidly, often within seconds. Best practices to mitigate risks focus on rigorous carrier vetting, secure documentation, GPS tracking, route planning, driver selection, use of technology, and law enforcement collaboration.<br /><br />In summary, the webinar stresses understanding all parties in the supply chain, securing shipping documentation, adopting technology for tracking, and vigilant verification processes to manage and reduce cargo theft and claims in motor truck transport effectively.

Asset Caption

Learn more about motor truck cargo (MTC), claims challenges, risk mitigation, and emerging issues in transportation including:
- Risk Mitigation Strategies
- Types of Liability
- Types of Packaging & Risk Analysis
- The Importance of Understanding Carrier Relationship
- The Role of Freight Forwarders
- Current Trends in MTC Losses, Including Cargo Theft

Presented by:

Nadia Rankine
Cargo Claims Handler, US & Canada
DHL Group - Insurance & Risk Management Americas

Matthew Humphrey, NAMS-CMS
Executive Risk Engineer, Property & Casualty
Chubb Risk Consulting

Keywords

Motor Truck Cargo Claims

Cargo Theft

Shipment Documentation

Less Than Truckload (LTL)

Full Truckload (FTL)

Supply Chain Roles

Bill of Lading (BOL)

Cargo Theft Types

GPS Tracking

Carrier Vetting

Risk Mitigation Strategies