As the multifaceted world of logistics evolves, the industry faces the emerging problem of freight fraud. This issue brings significant challenges for those involved, putting business and the supply chain at risk. Its effects exploit the transportation and logistics sector, causing operational disruptions and substantial financial losses. Here we will explore freight fraud, its common […]
Our industry is the lifeblood of global trade, moving billions of dollars’ worth of goods each year. However, it is increasingly under threat from two growing risks: freight fraud and freight theft. These issues have become more sophisticated in recent years, exposing shippers, carriers, and freight brokers to significant financial loss, operational disruption, and reputational […]
As technological advancements have improved collaboration among brokers, carriers, and shippers, they have also opened new avenues for criminals looking to exploit vulnerabilities in the freight industry. “Since the COVID pandemic, freight fraud has skyrocketed within the industry,” said Chris Burroughs, CEO of the Transportation Intermediaries Association (TIA). According to Verisk CargoNet’s 2024 supply chain […]
As we step into the new year, it’s a timely reminder that while seasons change, some challenges remain constant. Among these is the issue of freight fraud, a persistent and significant concern in the logistics industry. This threat doesn’t ebb and flow with the seasons; it’s a year-round challenge that requires continual vigilance. Reports like […]
