COUNTERPARTY CONTRACT & TREASURY MANAGEMENT: YEAR-END CONCERNS FOR HAULAGE BUSINESS

Most corporate haulage firms render non-exclusive services to 2 or more FMCGs or other categories of major haulage services users. These relationship or partnership are premised on some terms and conditions legally crafted in the form of contractual agreements. Since those contracts are renewable every 2 or 3 years and in some cases 5years, it makes a lot of sense […]

Continue reading »

INSURANCE AND TRACKING: YEAR-END CONCERNS FOR HAULAGE BUSINESS

Your GIT (Goods-in-transit) and Comprehensive Insurance are probably expiring at about now. How responsive was your Underwriter or Insurance Company during the year? What about claims payment- how much of what you deserve to get was knocked off on the basis of some independent assessor’s re-computation and extant clauses? What was the response time to claims payment? How many accidents […]

Continue reading »

TRUCKS’ HEALTH: YEAR-END CONCERNS FOR HAULAGE BUSINESS

At about this time of the year, every proactive trucker will naturally bother about the performance and fit level of one of the most valuable haulage assets – trucks. Although the outward physical appearance may seem okay, but a more careful examination may reveal otherwise. Loading operations are generally light during the yuletide and therefore present an opportunity to ground trucks for repairs […]

Continue reading »