freight fraud

Check Call: TIA’s annual fraud report spotlights surge in incidents

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The Transportation Intermediaries Association (TIA) has released its April 2025 “State of Fraud in the Industry” report, revealing a significant surge in freight fraud incidents that are impacting 3PLs and freight brokers nationwide. From Sept. 1, 2024, through Feb. 28, 2025, there were 1,611 fraud reports filed across seven key categories — an increase of 65% from the prior eight-month reporting period.

Key findings:

  • Truckload freight as primary target: An overwhelming 97% of...

https://www.freightwaves.com/news/check-call-tias-annual-fraud-report-spotlights-surge-in-incidents

Insurance costs, fraud and cargo theft hit Landstar’s Q1

Freight broker Landstar System’s first quarter was marred by several previously disclosed factors. Unfavorable claims development, increased accident severity, stolen cargo and fraud at a satellite office were the primary culprits.

Landstar (NASDAQ: LSTR) reported first-quarter earnings per share of 85 cents, 47 cents lower year over year. The period included a 31-cent hit from higher insurance and claims expenses and a 10-cent hit, $4.8 million, tied to “a supply chain fraud” at an affiliate.

The...

https://www.freightwaves.com/news/insurance-costs-fraud-and-cargo-theft-hit-landstars-q1

Generative AI could be supercharging freight industry fraud

We’ve all heard how emerging AI technologies will optimize the freight industry in ways we can only dream about. But the scary truth is that AI is already fueling our nightmares—by supercharging freight theft.

Why aren’t more people talking about the dark side of AI? For one, most of the worries are centered on job loss and plagiarism. But perhaps it’s largely because it’s so good that it’s hard to detect. Regardless, it’s clear some strategies are already in play.

What’s critical to know: Even...

https://www.freightwaves.com/news/generative-ai-supercharging-fraud

Why You Should Attend the FreightWaves Freight Fraud Symposium

FreightWaves is hosting a one-day Freight Fraud Symposium in Dallas, Texas, on May 14, 2025. This pivotal event will bring together key players in the logistics industry, including major logistics providers, carriers, and shippers, to tackle the growing threat of freight fraud affecting global supply chains.

Attendees will gain valuable, actionable insights covering all modes of transportation and major fraud forms, such as load phishing, carrier catfishing, double brokering, load board fraud,...

https://www.freightwaves.com/news/why-you-should-attend-the-freightwaves-freight-fraud-symposium

3PL Summit: Addressing fraud in the industry

This fireside chat recap is from FreightWaves’ 3PL Summit on Wednesday February 26.

FIRESIDE CHAT TOPIC: State of the 3PL Industry

DETAILS: In this keynote conversation, Chris Burroughs, president and CEO of the Transportation Intermediaries Association, joins FreightWaves’ Mary O’Connell to discuss the state of the 3PL industry – from efforts to combat rising fraud to what to expect for the rest of the year from TIA.

KEY QUOTES FROM BURROUGHS:

“Fraud isn’t a new issue to the industry. Back in...

https://www.freightwaves.com/news/3pl-summit-addressing-fraud-in-the-industry

Lawmakers reintroduce anti-fraud freight bill

WASHINGTON — The growing threat of freight fraud in trucking has led to another effort by Congress to crack down on scammers that steal millions from legitimate brokers and motor carriers.

Bipartisan legislation introduced in the House of Representatives by Congresswoman Eleanor Holmes Norton, Washington’s nonvoting delegate in the House, would give the Federal Motor Carrier Safety Administration more power over fake companies attempting to register with the agency.

Specifically, the Household...

https://www.freightwaves.com/news/lawmakers-reintroduce-anti-fraud-freight-bill

Overhaul CEO on $55M in funding to fight fraud; Adam Wingfield’s master class | WHAT THE TRUCK?!?

On Episode 793 of WHAT THE TRUCK?!?, Dooner is talking to Overhaul CEO Barry Conlon about their $55 million funding round and the fight against the rapidly escalating issue of freight fraud. We’ll find out why they’re betting big on AI to counterpunch.

Adam Wingfield is putting together a new master class in trucking for FreightWaves. He stops by the studio to talk about what it takes to run a fleet in 2025 and what he hopes truckers and trucking companies learn from his new program.

Plus, Switch...

https://www.freightwaves.com/news/overhaul-ceo-on-55m-in-funding-to-fight-fraud-adam-wingfields-master-class-what-the-truck

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

GenLogs launches initiative to combat theft using counterterrorism methods

GenLogs, an asset intelligence platform, announced Wednesday it will begin offering a free investigative service to help the freight industry recover stolen or missing equipment.

Open to carriers, brokers and shippers alike, the service allows users to submit details of missing assets to GenLogs. In response, GenLogs will use its nationwide network of roadside sensors to determine the asset’s last known location and set real-time alerts for tracking.

Related: Fraud Watch: Uncovering the dark side...

https://www.freightwaves.com/news/genlogs-launches-initiative-to-combat-theft-using-counterterrorism-methods

Fraud Watch: Uncovering the dark side of freight

Welcome to the inaugural edition of Fraud Watch, FreightWaves’ dedicated newsletter tackling the burgeoning crisis of freight fraud.

What was once a sporadic issue has evolved into a multibillion-dollar challenge, drawing comparisons to fraud in the credit card industry and highlighting how that sector forged a unified front to combat it. 

By exploiting gaps in transparency, jurisdictional limitations and the rapid rise of FreightTech, freight fraud has surged and become the “perfect crime.”

Tactic...

https://www.freightwaves.com/news/fraud-watch-uncovering-the-dark-side-of-freight

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