risk management in transportation

Risk management in transportation involves identifying potential issues—like accidents, delays, or cargo damage—and implementing strategies to reduce or control these risks. It includes planning routes carefully, maintaining vehicles, training personnel, and preparing contingency plans. The goal is to ensure safe, reliable, and efficient movement of goods and passengers while minimizing financial losses and safety hazards. Effective risk management helps companies anticipate problems, respond appropriately, and improve overall transportation safety and reliability.