A less common and more risky type of shipping is transporting high value cargo domestically. Due to the cost of the shipment, the transportation process may require different logistics from standard cargo. A general definition of high value cargo is any shipment worth over $100,000. These goods can range from many categories, like large construction machinery and expensive jewelry. Some more examples include:
- Cars costing over $100,000
- Medical equipment and devices
- Artworks like paintings and sculptures.
- Large cargo like airplane parts
- Expensive Pharmaceuticals
High value can also include shipments of lesser value goods that carriers ship in substantial quantities reaching over $100,000. Since you can consider many cargos as high value, a shipper can use different trucks depending on the shipment. For example, Industrial equipment larger than a standard container is known as heavy haul and uses a flatbed trailer. The shipping of pharmaceuticals is done by refrigerated trailers, known as refers, to prevent damage. While there are various transportation methods to move this type of freight, this article will focus on trucking.
Risks To Transporting High Value Cargo
With shipping high value items comes high risks such as an increase in potential cargo theft. The chance of theft can increase when transporting goods by truck since thieves can break in. In 2021, robbers reportedly stole over $57 million of cargo from trucks, warehouses, and ports. Another risk to shipping high value goods is the damage that can happen to the shipment during the journey. Along with adverse weather conditions, the damage can also come from improper packaging. Since the cargo is costly, any risk can have more significant ramifications for the shipper than standard freight.
An additional risk to transporting high value cargo is the delays from traffic and port congestion. Many shippers opt for expedited transport since faster shipping reduces potential delays. Fewer stops also lower the chances of theft and damage since the amount of loading and unloading decreases. The risks impact the carrier and the shipper and can disrupt the entire supply chain. For the carrier, an unsuccessful shipment looks unfavorable to the company, and drivers can get physically harmed during cargo theft.
What Are Necessary Precautions To Take Before Shipping High Value Cargo?
Before moving high value cargo domestically, there are essential security measures and safety precautions a shipper should take. Proper packaging, like foam wrap and crates with padding, can mitigate the potential of freight damage during the journey. Choosing a trusted carrier that understands the risks of moving high value cargo is also essential. An ideal carrier can also reduce the chances of delays since they have experience navigating congestion. Security measures like cameras, barcoding, and GPS tracking are also ways trucking companies protect the goods from theft. Shippers should always prepare for the worst-case scenario, and they can do so by getting insurance coverage.
When shipping high value cargo all precautions can be crucial in preventing monetary loss when adverse situations happen. An ideal way to begin is to contact a freight broker regarding shipping your cargo. They educate you on the process and connect you to a trusted carrier. Contact A1 Freight Solutions at 786-375-9420 or info@a1fsinc.com to speak to a broker regarding the movement of your shipment. Regardless of the cargo size or worth, we have a network of carriers that can move your goods domestically.