Which element is part of TQL’s risk management strategy?

The continuous assessment of carrier performance and safety records is a crucial element of TQL’s risk management strategy because it allows the organization to monitor and evaluate the safety and reliability of its transportation partners. By consistently reviewing these records, TQL can identify potential risks associated with carriers, such as safety violations or subpar performance metrics. This proactive approach enables the company to make informed decisions about which carriers to utilize, ensuring that they meet compliance standards and maintain safety protocols.

This ongoing evaluation process helps mitigate risks related to shipping delays, accidents, or legal issues, ultimately safeguarding the company's reputation and bottom line. In contrast, the other options, while potentially important to overall operations and compliance practices, do not directly focus on the continuous monitoring of carrier performance or safety, which is specifically vital for risk management in the transportation and logistics industry.