Top 5 freight fraud stories of 2024

This year freight fraud took center stage, exposing cracks in the logistics industry’s defenses and leaving a trail of financial devastation. From coordinated ransom schemes to pandemic relief fraud, 2024 showcased the growing sophistication and reach of bad actors in transportation.

These cases revealed a troubling pattern of exploiting systemic vulnerabilities. Fraudsters used tools like falsified documents, illegal carriers and shell companies to bypass regulations and manipulate financial...

https://www.freightwaves.com/news/top-5-freight-fraud-stories-of-2024

Freight ransom allegations rock brokerage industry

Nearly two dozen freight brokers say an Illinois trucking company and its network of “affiliated carriers” targeted their companies a few days before the Fourth of July holiday and are holding 36 confirmed loads hostage until ransom demands are paid. 

A source familiar with the situation said that number could rise to around 50 loads based on new information provided early Thursday by insurance and private investigators. On the basis of the additional information, the source estimates the total...

https://www.freightwaves.com/news/freight-ransom-allegations-rock-brokerage-industry