We are a recognized market leader in risk and human capital services to the transportation sector. We develop risk management and HR programs for organizations that move people or goods and the infrastructure that supports their movement.
The transportation and logistics industry deals with various risks and human capital challenges. These include claims administration, compliance management, fleet safety, hiring and retention and supply chain disruptions. Additionally, new threats such as cyber-attacks, data breaches, disruptive technologies and political risk require investments in new solutions to improve resilience.
Our team has industry expertise and knowledge gained from working with a range of transportation clients over many years. We differentiate our practice through the size of our team, the depth of our resources and the range of our clients. We work with specialists across WTW, including marine, construction and aviation. Together, we offer a comprehensive, integrated response, drawing upon the very best specialist knowledge.
The transportation sectors we serve
Our clients include some of the largest transportation companies in the world, in addition to trade associations, regulatory bodies and government departments. We are active members of industry organizations, helping ensure familiarity with relevant industry developments and issues.
Our clients span several distinct transportation sectors, including:
- Truckload
- Less than truckload (LTL)
- Intermodal
- Final mile
- Passenger and freight rail
- Ridesharing
- Transportation infrastructure
- Bus and coach
- Logistics
- Port operations
- Tour operators
Transportation industry risks and challenges
The transportation sector faces a wide range of risks, including:
- Cybersecurity threats: With the increasing use of technology as well as regulatory requirements to collect and store personally identifiable information in the transportation sector, cyber-attacks on physical assets and cyber transportation risks are becoming more common.
- Nuclear verdicts and social inflation: Transportation companies are facing staggering verdicts resulting in a reduction of available insurance capacity.
- Political risk: International trade disputes, sanctions, war and terrorism can lead to market fluctuations, losses and travel disruptions, which can affect the transportation sector.
- Driver shortage: The transportation sector is facing a worsening shortage of well qualified drivers, which can lead to a multitude of issues that only serve to increase potential threats to your business.
- Natural disasters: Weather events and natural disasters can disrupt and damage infrastructure or revenue producing assets of your enterprise, posing material risks in the transportation sector.
- Regulation and compliance: Transportation companies are highly regulated. Non-compliance can lead to critical legal and financial peril.
