Transportation Risk Management

Transportation risk management is a component of physical assets management. It ensures that the risk related to the physical assets are properly managed to keep the assets from coming under risk or becoming damaged. Transport activities can include the transport of people, goods, materials, and other resources, as well as the transport of products. Risk management also involves many issues such as screening, issuance of transportation authorization certificates (TAT) and DOT authorization certificates, identification and verification of goods, shipment, the process of insurance, and the liability of the transport activities. These issues are important because they help ensure safe, efficient, and timely movement of goods. For example, if there is an accident in transit, the company will be held liable for the damage. Transportation risk management is applied by many companies. By applying this type of strategy, you can prevent risks from affecting your business. The proc