PSI’s team of professionals understands that Transport, Freight Forwarding, and Logistical Service Providers require plans to mitigate the risks inherent to their industry while warehousing and transporting cargo. Cargo is any commercial shipment moving via trucks, planes, rail cars, ships, etc., from point of origin to final destination. If merchandise is stolen at any point in this process—highway, truck stop, storage facility, warehouse, terminal, wharf, etc.—then it is considered cargo theft. According to the FBI, industry experts estimate cargo theft produces approximately $30 billion in losses each year. In addition to the High Value Cargo (HVC) services, PSI develops plans for its client base to mitigate the risks during cargo transport. PSI’s mitigation plan provides a comprehensive full-spectrum approach to security, tracking, and storage. Our experts in the field of security and transport will customize a plan specific to the client’s situation and requirements whether involving the transport of dry goods, general merchandise, Hazardous Materials, etc.
PSI understands that maintaining vital corporate assets safe and secure inside an organization is difficult, but maintaining the security of those assets in transit is an enormous challenge. PSI is able to assist our global clients in mitigating the risks associated with the transport of these critical assets by auditing compliance with a common set of standards and industry best practices. Our compliance audits include:
scheduled surveillance of courier routes
scheduled surveillance of corporate headquarters
unscheduled surveillance of courier routes
unscheduled surveillance of corporate headquarters
unannounced audits are performed on a percentage of all financial routes
evaluation of all terminals engaged with financial institution transportation
Once the compliance audit is completed and all information is evaluated, PSI provides a formal report to the client and/or insurance carrier that identifies any deficiencies that need to be resolved and a recommended time frame to resolve same. Some deficiencies may be of a critical nature and require immediate resolution while others may be minor in importance and may be addressed within a specified amount of time. Once the recommendations are instituted as part of the risk mitigation strategy of the organization, benefits include:
stabilized insurance premiums
reduced cost of asset reconstruction for claims
lower level of risk