PART 1
Delivery Delay
One of the risk categories that is related to freight transportation is transport can easily be interrupted when the weather is not favorable. During winter seasons rivers and lakes freeze thus the services are likely to be interrupted for several months. Drought conditions on the other hand can also interrupt the transport since the water levels are likely to be lowered thus restricting the flow of traffic. Generally weather is a major risk factor to this mode of transport (Novack, 2011).
Product Loss
The second risk category is spilling of dangerous oils in the seas and oceans during transportation. ...