(Global) Ocean Shipping Prices Push Toward Pandemic-Era Highs
What we are seeing is a surge in cargo, as shippers book earlier and
perhaps more containers than normal
What we are seeing is a surge in cargo, as shippers book earlier and
perhaps more containers than normal
The FBI takes cargo theft very seriously, due to the significant impact it has on the United States
economy, and the potential for stolen goods to be used to fund other criminal organizations,
As we approach Independence Day on July 4th, it’s important for shippers across the United States to plan ahead for limited holiday hours over the long weekend. With the holiday falling on a Thursday this year, many locations may also be closed on Friday the 5th, so it’s crucial to confirm holiday hours of operation for all receiving facilities before allowing loads to depart.
This kind of thing is all too common in California, where 54 percent of rail, highway and warehouse cargo theft was reported in 2023
Last week, Overhaul executed the recovery of $1.5 million in stolen electronics cargo in Southern California. The shipment was fraudulently stolen after a carrier’s network was hacked, and their identity stolen. The criminal actors in this theft hacked the carrier’s email server and brokered the load without the actual carrier’s knowledge.
The biggest takeaway is not just that it’s increasing, but how much it’s increasing by
Despite the history of this union and the ports reaching agreements in recent decades, logistics companies and shippers are showing concern about the risk of a strike*, with more cargo orders for peak shipping season moving back to West Coast ports.
As Juneteenth approaches, it’s important for shippers to be aware that this is a newer holiday and facility closures may be sporadic. Additionally, since it falls in the middle of the week, it’s important to verify the operating hours of
receiving facilities on Tuesday and Thursday.
By offering contracts and submitting bids to transport loads, [the accused] reportedly fraudulently induced other individuals and entities to release shipments of goods to him and his associates. The shipments would then be diverted from their intended destinations, loaded onto a different truck, and then transported to a warehouse or other location
As the holiday approaches shippers across the United States should be aware and plan accordingly for limited holiday hours over the long holiday weekend and how it may affect their shipments.
Overhaul Risk Advisory Services, LLC DBA: Overhaul Risk & Insurance Services (Legal name of the Insurance Agency) is a licensed insurance brokerage (TX, and license #: 2800637). Overhaul Risk Advisory Services is not an insurance company but acts as an agent and or advisor for certain insurance companies and programs. Overhaul Risk and Advisory Services is paid commission and may receive other performance-based compensation for its services. All compensation received by Overhaul Risk & Advisory Services, its affiliates, and its employees may vary by insurance company and state where business is placed.
Copyright ©️ 2024 Overhaul
Overhaul is the global leader of in-transit supply chain risk management and actionable intelligence, with a 98% customer approval rating.
Overhaul Risk Advisory Services, LLC DBA: Overhaul Risk & Insurance Services (Legal name of the Insurance Agency) is a licensed insurance brokerage (TX, and license #: 2800637). Overhaul Risk Advisory Services is not an insurance company but acts as an agent and or advisor for certain insurance companies and programs. Overhaul Risk and Advisory Services is paid commission and may receive other performance-based compensation for its services. All compensation received by Overhaul Risk & Advisory Services, its affiliates, and its employees may vary by insurance company and state where business is placed.
Overhaul Risk Advisory Services, LLC DBA: Overhaul Risk & Insurance Services (Legal name of the Insurance Agency) is a licensed insurance brokerage (TX, and license #: 2800637). Overhaul Risk Advisory Services is not an insurance company but acts as an agent and or advisor for certain insurance companies and programs. Overhaul Risk and Advisory Services is paid commission and may receive other performance-based compensation for its services. All compensation received by Overhaul Risk & Advisory Services, its affiliates, and its employees may vary by insurance company and state where business is placed.
Copyright ©️ 2024 Overhaul