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How small businesses are insuring their cargo from a surge in thefts
CNBC Television· 2026-02-18 18:04
Reports of cargo theft have been surging with an estimated $725 million in losses in 2025. And what's more shocking, more than 60% of cargo on North American roads are either underinsured or not insured at all. Joining me now to discuss freight insurance solutions is Michelle McGinness, CEO of My Cargo 247, a female founded spot cargo insurance company that is the only insurance company in the country that ensures one-way oneoff freight.I want to ask you what made you see this opportunity in creating this o ...