In the presented paper, author focus on the issues related to risk assessment of transport processes performance. The author presented the characteristics of the traditional approach to risk assessment in transport, which is popular in the literature. This approach addresses the strategic risk assessment for the road transport system and it focuses primarily on aspects related to the transport safety. The business approach to risk assessment from the perspective of the managers of the transport process is presented in the next part of the article. In this case, the subject of the analysis is the operational risk, which focuses on the risks affecting the implementation of the transport process and the achievement of the company’s operational objective. The article concludes with a summary, including directions for further research.