porch pirates

Exploring fraud claims at Kal Freight

California-based trucking company Kal Freight Inc. is facing accusations of fraud so extensive it’s reshaping conversations around financial misconduct in the freight industry. 

With $325 million in long-term debt and $24 million in unsecured claims, the company’s recent Chapter 11 bankruptcy filing is only the beginning of a scandal involving phantom assets, forged titles and misappropriated collateral.

Kal Freight’s largest creditor, Daimler Truck Financial Services, alleges the company secured...

https://www.freightwaves.com/news/exploring-fraud-claims-at-kal-freight

Porch pirates pose a greater threat than burglars, and consumers are paying the price

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

What is the value of goods stolen in home burglaries compared to porch package thefts? The answer might surprise you.

Americans spend a lot of money to protect their home from theft. That’s no surprise since there are 1,230,149 burglaries a year at cost of $3.4 billion. The average loss for each break-in is $2,799. No question these are BAD numbers.

Burglary is a...

https://www.freightwaves.com/news/porch-pirates-pose-a-greater-threat-than-burglars-and-consumers-are-paying-the-price

Fresh and safe: How porch boxes are redefining home delivery

As e-commerce has grown, so too has the number of porch pirates.

According to C+R Research, 59% of respondents to a package theft survey of 2,000 consumers conducted in 2020 reported receiving a package at least once a week. That is up 10 points from the 2019 survey. When it comes to package theft, 43% reported a stolen package in 2020, up from 36% in 2019, and of those that had a package stolen, 64% had been a victim more than once.

The average value of a stolen package was $136 in 2020.

“As...

https://s29755.pcdn.co/news/fresh-and-safe:-how-porch-boxes-are-redefining-home-delivery