Auto Transportation

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While performing the tedious task of transporting your vehicle from one place to another it is quite important that your vehicle has to be insured, inspite of the fact that it is not being driven. Although it doesn’t mean that the insurance has to be something huge. But it is important that you are secured by insurance if anything uncertain happens to your vehicle, then in such case it would be really bad because you would not have anything that would come to your protection.  Although we are not sure that something will happen but it is always better to be safe than to worry later.

Any company which has a legal existence will surely have a cargo and liability insurance. This just simply ensures that if anything happens to your car while it is in their possession, your car is safe and sound and any loss which will occur to your car will surely be covered. It is thus quite important that you understand the various terms and conditions of the insurance which the auto transport company is offering. It is quite important that you ensure that the insurance which the company is offering is equal to the amount of worth of your car. It is a known fact that amount of insurance differs from one company to another so it is quite important that you read the terms and conditions properly between the lines and you understand the different norms of the agreement with clarity. It is quite essential that you ask the company to show you the insurance certificate. One thing which we must realize to be successful is never to believe on words but believe things only after they are shown with a proof, anyone can say that you are insured but this may not be the case so it is always advisable that you check the insurance certificate. Even after seeing the insurance certificate you are not satisfied, and then you can probably check with their insurance company and find out what you are allowed to do and what not.

It may happen that some auto transport companies offer less coverage of insurance on your vehicle and it may be even less than the worth of your car, in such a case it is more important that you enquire the exact terms of the insurance and the rights which are granted by the auto transport company. Some of the few important questions which you can ask the auto transport company are that you can ask if you can buy additional insurance coverage for the car. Does the company offer limited coverage amount and if the answer is yes then what is it. Are their any parts in your car which will not be covered? What are the different kinds of damages which will be covered? One thing what you can probably do is that you can even ask your insurance company whether the car is been covered by them while it is been transported, and if the answer is yes then enquire for how much amount. Incase you get a reply in negative then it is essential that you let the insurance company know that the vehicle is being transported. It is quite important that you take account of the damages on your car and you can also take the photograph of your car from the different angles and this can act as an important evidence incase the vehicle is been damaged during the course of transit.

Transportation and Logistics (T&L) sector is bucking the trend with mergers and acquisition activity with deal flow on the increase.

The industry is facing a perfect storm with rising fuel costs, lower demand and excess capacity cutting into margins. The answer for a large majority of the well funded industry players has been acquisitions.

Customer diversification has been a key variable fuelling some of the appetite.  For instance, T&L companies servicing the automotive sector have seen loads and shipments drop-off a cliff.  Buying companies exposed to different segments of the industry allow idle or underutilized assets to buoyant segments. ”Organic growth in this market is tough – we’re relying on acquisitive growth over the next 12-month” says one industry executive.

Another variable fuelling consolidation is the customer seeking increasing choice and flexibility in terms of the service offering.  No longer do they want to deal with one company for their import/export needs, another for their domestic transportation and yet another for their warehousing. Customers want a one-stop shop.  Acquisitions allow a T&L provider to offer complimentary services virtually overnight.

Lastly, the value proposition to build economies of scale in the T&L space are compelling. Fixed costs on technology platforms and other revenue generating assets, once covered allow for every incremental dollar of revenue to flow to the bottom-line.

Real money is made in tough times. The challenge is in uncovering the opportunities amongst the turmoil.