Loss Control Insights & Risk Management Tips

Cargo theft surged to record highs in 2024, with losses hitting $455 million—up 26% from 2023. A growing share of these incidents stem from strategic cargo theft, where criminals exploit stolen identities and digital deception to misdirect freight. Learn the top tactics used by thieves, how to recognize red flags, and effective prevention strategies to protect your operations from increasingly sophisticated threats.

Staged auto accidents targeting commercial trucks are a growing fraud scheme, costing employers billions annually. Scammers orchestrate crashes to claim insurance payouts, using tactics like sudden brake checks, false merging signals, and fake witnesses. Fleet carriers can protect themselves with dash cameras, driver training, thorough documentation, and proactive communication with law enforcement and insurers.

The FMCSA is overhauling its CSA scoring system to improve fairness and accuracy in motor carrier safety assessments. Key changes include reorganizing compliance categories, consolidating violation codes, simplifying severity weights, and refining intervention thresholds. These updates aim to ensure consistent enforcement, focus on recent violations, and better reflect crash risks. Motor carriers can preview their new ratings and provide feedback during Phase II of the rollout.

ECM theft is rapidly increasing, leading to significant financial losses for businesses due to stolen units, downtime, and expensive replacements. Thieves can remove ECMs in minutes, especially from Freightliner trucks, making them a prime target. With the growing frequency of these crimes, businesses should take these four proactive steps to protect their fleets and minimize risks.

Shielding your digital data from malicious actors is imperative to help prevent cargo theft. Here are four best practices to consider.

Brokers and freight forwarders in existence prior to Jan. 16, 2024 are grandfathered in with the eligible trustees and readily available funds areas of the law, but must immediately comply with the other three area amendments. Here are the five trust fund areas affected by the new law.

More challenges are coming to the transportation sector in 2024. . Here are five trends fleet carriers should be cognizant of to bolster their success.

Navigating the regulations surrounding CDLs in a challenging economy requires a balance between cost-saving measures and responsible fleet management.

Enhance winter aircraft safety with key practices: ensure thorough preparation for cold weather operations, provide pilots with survival strategies, and emphasize continuous training. Encourage adherence to personal limits and prioritize comprehensive preflight checks for safer flights in challenging conditions.

In the 2024 trucking downturn, independent contractors must navigate challenges by balancing cost-cutting measures with personalized insurance coverage. The focus is on key protections such as occupational accident and physical damage, emphasizing the importance of tailoring insurance to individual needs for safeguarding independent contractor businesses.