6792ab8b1dccb1911c8e0989 Versik Route Safety Score 2

Verisk launches CargoNet RouteScore API

Jan. 27, 2025

The API will be able to generate safety scores for cargo routes based on cargo type, value, length of haul, and more, with the goal of reducing theft while on the road.

Related To:

CargoNet

Verisk has launched its new solution CargoNet RouteScore API, which uses algorithms to predict how safe a cargo route is for fleets based on various factors and generate an overall risk score.

“RouteScore exemplifies our commitment to helping the industry manage and mitigate risk,” said Ryan Shepherd, general manager of Verisk’s CargoNet. “By providing actionable insights through advanced data analysis, Verisk is empowering the insurance and the transportation industry to protect their assets and ensure a safer delivery of goods.”

The program measures the probability of cargo loss by assigning a score of 1 to 100, with 1 representing the least amount of risk and 100 at the most. Some factors Verisk takes into consideration include the vehicle’s cargo type, value, length of haul, origin, destination, day of the week, and the theft history of truck stops. As well as generating a safety score for routes, the model also notes the key variables that most influenced a particular score and provides a list of the riskiest truck stops along a given route.

There are various ways that fleets could respond to a high truck route risk score. For instance, of a route has a score of 98, the fleet could implement additional security for the driver, such as tracking devices, drier teams, relays, escorts, and securing parking spots ahead of time.

CargoNet RouteScore will be available in API format and will be able to integrate with other third-party transportation management systems. It will also be open for other platforms to leverage for their customers.