Scammers impersonating and taking the identities of legitimate carriers and brokers to steal loads for a quick payday is at an all-time high, according to Scott Cornell, transportation lead and crime and theft specialist at Travelers.
Cornell said Travelers is seeing a higher incidence of double brokering for strategic cargo theft. That involves criminals using stolen motor carrier identities or operating authorities or even a broker’s identity to obtain freight and misdirect it from the...
The logistics industry is facing challenges from increasingly sophisticated fraud. Recently a bipartisan bill in Congress targeted scam freight brokers and trucking companies by seeking to require stricter registration and enforcement rules for brokers and carriers with the Federal Motor Carrier Safety Administration.
Now trending are technology providers in the space who are trying to help with their products as well. Recently, FreightWaves interviewed Verified Carrier, a solution providing a...
https://www.freightwaves.com/news/freighttech-friday-verified-carrier-talks-vetting-tech
ATLANTA — Jordan Graft sees a lot of corruption, bad actors and fraudsters in the trucking industry.
“People used to be able to hire a carrier based on three emails, passing a rules assessment and an insurance certification and that’s just not possible anymore. The world’s just changed,” Graft, founder and CEO of Highway, said at FreightWaves’ Future of Supply Chain event.
Graft was joined on stage Wednesday by FreightWaves CEO Craig Fuller in a discussion titled “Trucking Fraud and Cybercrime...
A former high-ranking executive at Polar Air Cargo was sentenced on Thursday to four years in prison for participating in a scheme to defraud the company of nearly $33 million in revenue over more than a decade, the Department of Justice announced.
Lars Winkelbauer, who was chief operating officer for three years until July 2021 and held various leadership roles at DHL and Polar Air Cargo over a 16-year period, was the biggest fish for prosecutors in a conspiracy that involved nine people. He...
https://www.freightwaves.com/news/former-polar-air-cargo-coo-sentenced-to-4-years-in-prison
Fraud is rampant across the transportation space. While shippers and logistics companies are becoming more aware of threats, fraud risks come in so many different flavors that it can feel impossible for legitimate companies to keep up with the activities of bad actors. This is especially true during the ongoing freight recession, where depressed shipping rates create opportunities for double brokering as carriers are more desperate to find loads to haul at the promise of higher rates.
Cargo...
The freight transportation industry has been increasingly impacted by identity theft, according to Kendra Tucker, CEO of Truckstop.
Tucker was the guest on the latest episode of Fuller Speed Ahead, hosted by FreightWaves CEO and founder Craig Fuller. The show aired during FreightWaves’ Small Fleet & Owner-Operator Summit on Wednesday.
“Identity theft is something that we’ve seen really tick up in the past couple of months or so, where carriers who are not actively driving are selling their active...
https://www.freightwaves.com/news/truckstop-ceo-industry-uniting-in-fight-against-load-board-fraud
Digital freight marketplace operator Transfix Inc. announced Thursday it has launched Transfix Shield, which aims to help shippers, carriers and brokers root out identity fraud across the commercial transportation industry.
Transfix Shield includes RateCon Shield and Facility Shield, tools available to all freight brokerages and shippers. The tools are designed to help users protect their business, as well as those of their carrier partners, and consumers from the impact of freight fraud,...
https://www.freightwaves.com/news/transfix-launches-tools-to-tackle-fraud-across-freight-industry
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A former vice president at Polar Air Cargo pleaded guilty last week to participating in a scheme to defraud the company of $52 million for more than a decade. Six of nine individuals charged in the plot have presented guilty pleas so far.
Polar Air Cargo is a joint venture between privately held Atlas Air Worldwide and DHL Express. According to aircraft database Planespotters.net, the airline has a fleet of 15 large Boeing cargo jets: six 747-8s, two 767-300s and seven 777s.
Carlton Llewellyn,...
https://www.freightwaves.com/news/former-polar-air-cargo-exec-pleads-guilty-to-wire-fraud
Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply chain. Check Call the podcast comes out every Tuesday at 12:30 p.m. EDT. Catch up on previous episodes here. If this was forwarded to you, sign up for Check Call the newsletter here.
In this edition: A partnership formed to fight freight fraud; what is the future of e-commerce?; And cross-border freight gets a tech infusion.
(GIF: Tenor)Everyone is talking about freight fraud and it appears to be...
https://www.freightwaves.com/news/check-call-fighting-freight-fraud-with-friends