Damage to cargo during transport can have significant financial and logistical ramifications for both the shipper and the receiver. The financial impact alone should be enough to recognize the importance of your load securement components and proper installation. But there are several other areas that can ultimately have an impact on your bottom line.
Some of the potential consequences of cargo damage include:
If you want some hard numbers, and numbers don’t lie - according to a survey conducted by logistics software provider CargoX, around 65% of shippers reported that they have experienced cargo damage during transport. The survey also found that the average value of damaged cargo per claim was around $17,000, with the most common causes of damage being inadequate packaging, improper loading, and rough handling. Another study by the American Trucking Associations found that cargo theft and damage cost the trucking industry over $15 billion per year.
Overall, it is clear that damage to cargo during transport can have significant financial and logistical consequences for all parties involved. So how can you prevent damage? Contact the experts in the industry and partner with Superior Packaging Company. We have the experience, the quality, and the customer service to protect your cargo and prevent damage. Don’t be part of the increased costs due to damage, be the solution and work with us!