News & Insights

In the transportation and logistics industries dealing with counterparts in companies overseas is an inherent part of international trade and our global supply chain. Negotiating shipping terms and conditions and other agreements can be a little tricky when there are language barriers. International trade consultant John Freivalds says to try using “guerilla linguistics” – a small set of foreign phrases – to improve your negotiation position and make an impression when dealing with foreign entities. The key, however, is knowing the right words. “Hola” and “bon jour” aren’t going to cut it. Freivalds says to find one or two phrases […]

As the leading provider of insurance solutions for transportation and logistics providers, at Roanoke Trade we handle many different types of Cargo insurance claims – from freight forwarders and property brokers to third-party logistics providers and customs brokers. We’d like to share these claims with you in a new series, “Cargo Insurance in Action,” to provide you with further insight of the type of exposures and incidents that can result in a significant loss and to underscore the importance of carrying Cargo insurance. The first claim example in our series involved freight in an old warehouse believed to have been […]

Join the Roanoke crew in sunny San Diego, California for the Northern Border Custom Brokers Association (NBCBA) 2017 Annual Meeting! The event will take place from February 13th through the 15th. We hope to see you there!

Peak season for higher-than-normal cargo thefts is in full swing, particularly during holiday weekends when transportation companies, shippers, and manufacturers need to be on maximum alert. Organized theft rings recognize that shipments during holiday weekends can be left unattended for prolonged periods of time. Additionally, according to FreightWatch International, the spike in theft activity during the peak season, which typically kicks off after Labor Day and runs through December, is due to the “surge” of goods flooding the supply chain ahead of “Black Friday,” the day after the Thanksgiving retail shopping extravaganza. FreightWatch estimates that in the last six years […]

In today’s complicated regulatory environment, having compliance policies and procedures in place involving the fiduciary responsibility and actions of senior executives, directors and officers are important for companies to help minimize the potential for loss and head off the possibility of liability and fines. Without clear policies and procedures, a Chief Compliance Officer (CCO) and the company itself could end up paying SEC fines or other regulatory fines even if they were not responsible for any wrongdoing. For example, as outlined in a recent article in Risk & Insurance (R&I), the former president of a financial advisory and management firm […]