Texas-based BNSF Logistics, LLC, a leading multi-modal, third-party logistics company,
received the CargoNet 2020 Best in Cargo Security Award, in a year marked by historic disruptions to supply chains and the flow of goods worldwide.
BNSF Logistics’ industry-first Risk Analysis Program (RAP) ensures high-risk shipments are well-protected through transit. The RAP analyzes customer shipments to determine the overall potential risk, reducing theft occurrences.
The RAP was created by BNSF Logistics Senior Risk Manager, Jordan Hackney, in early 2018 as a solution to the industry’s ongoing risk of cargo theft. This innovative program, the first of its kind, produces success by providing a proactive instead of reactive cargo theft solution for the American company’s customers.
The high-tech program utilizes multiple algorithms and predictive analytics to anticipate cargo theft prior to departure. The RAP has produced on average a significant 79% decrease in BNSF Logistics’ annual cargo thefts over the program’s first three years.
BNSF Logistics formed in 2002, is a subsidiary of railroad operator Burlington Northern Santa Fe, LLC, a Berkshire Hathaway company. The third-party logistics (3PL) provider arranges parcel, truckload, and intermodal freight transportation (movement of freight by multiple methods, such as truck and train) and provides supply chain management and international freight forwarding.
As a freight forwarder, the company buys transportation capacity from carriers and resells it to customers. The company also offers packaging, staging, vendor management, and route optimization. BNSF Logistics operates from a network of about 15 logistics centers located throughout the US.
The company which once had three employees and generated less than $10 million in annual revenue now has 865 workers and 200 agents and rakes in more than $1 billion.
Dan Curtis took the helm as president in early 2018. He was previously the company’s COO and CFO. Curtis majored in accounting at Hankamer School of Business at Baylor University, and joined EY, working on the audit side. He later worked at Venture Capital and Private Equity firm Hicks Muse Tate & Furst as an accounting manager. After three year he joined Services Transport Industries, which later became Greatwide Logistics.
CargoNet is to prevent cargo theft and increase recovery rates through secure and controlled information sharing among theft victims, their business partners, law enforcement, and NICB. CargoNet features a national database and an information-sharing system managed by crime analysts and subject-matter experts.