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CARGO THEFT
Thieves spirit away 19,000 bottles of tequila from US distributor
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Almost $400,000 worth of tequila is missing after the shipment was hijacked somewhere en route to...
https://www.freightwaves.com/news/thieves-spirit-away-19000-bottles-of-tequila-from-us-distributor
Relationships provide layer of protection against supply chain fraud
All forms of fraud – from double-brokering schemes to hacking attempts – are on the rise across the logistics industry. Due to a number of isolating factors, companies that tend to operate in a vacuum instead of collaborating with industry partners are the most vulnerable to these scams. As such, they also tend to be the most targeted.
Joining a network of industry professionals provides a tangible sense of security in today’s market. This is especially true in the billing and payment space.
Eac...
Borderlands: Mexico averaged 57 thefts a day from cargo trucks in Q3
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Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border...
Intersection of tech and fraud: Brokers, carriers must work together to secure supply chain
The introduction of tech-enabled solutions has made the transportation industry more efficient and effective at moving and tracking freight. However, the widespread adoption of digital solutions has also created opportunities for scammers across the supply chain.
Challenging economic conditions have only escalated fraudulent activities as criminals continue to find ways to exploit vulnerabilities. In fact, CargoNet’s third quarter 2023 report shows an increase across all types of cargo theft,...
The top US-Mexico business stories of 2023
It’s been a busy year for cross-border trade, with everything from Mexico replacing China as the top U.S. trading partner to Tesla’s announcement that it would build a $5 billion electric vehicle plant in the Mexican city of Monterrey.
Other major headlines include the Mexican peso’s appreciation over the past year, nearshoring’s growth in northern and central Mexico, as well as cargo theft continuing to cause problems for commercial transporters across the country.
As 2023 comes to an end,...
https://www.freightwaves.com/news/the-top-us-mexico-business-stories-of-2023
Collaboration stops cargo crime in its tracks
Fraud rates are on the rise, increasing significantly in 2022 and continuing to climb throughout 2023. In fact, the total annual impact of stolen freight came in at a shocking $223,096,368 last year, according to data from CargoNet.
Reports of fraud skyrocketed last year, jumping 400% between 2021 and 2022. Reports then climbed another 57% between the second quarter of 2023 and the same quarter last year.
Chris McLoughlin, Uber Freight’s director of compliance, attributes this staggering...
https://www.freightwaves.com/news/collaboration-stops-cargo-crime-in-its-tracks
Essential fraud prevention strategies for freight brokers, carriers
Cargo fraud has been on a steep upward trajectory since mid-2022. Almost 700 theft incidents were reported across the U.S. during the third quarter of 2023. This number represents a 59% increase over the same quarter last year, according to CargoNet.
Types of cargo fraud
All types of cargo fraud are on the rise. Experts believe this is due, in large part, to a combination of tough economic conditions and overall supply chain vulnerabilities. Brokers, specifically, should be especially aware of...
https://www.freightwaves.com/news/essential-fraud-prevention-strategies-for-freight-brokers-carriers
Loaded and Rolling: Trucking turnover and retention debate rages on
Trucking turnover and retention debate rages on
FreightWaves’ Rachel Premack wrote an article on Wednesday outlining her experience attending a truck driver training conference in Corpus Christi, Texas, by the National Association of Publicly-Funded Truck Driving Schools (NAPFTDS). Premack sought to get more information on a fundamental disagreement in trucking that involves driver turnover and whether there is an ongoing driver shortage. Lobbying groups like the...
https://www.freightwaves.com/news/loaded-and-rolling-trucking-turnover-and-retention-debate-rages-on