Stolen shipments

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

Tractor-trailer thefts rise 23% in Mexico last year

The number of insured cargo trucks stolen in Mexico increased 22.9% year over year to 8,553 units in 2022 compared to ’21, according to a recent report from the Mexican Association of Insurance Institutions.

Kenworth tractor-trailers were the most stolen cargo trucks last year, totaling 1,902 units, followed by Freightliner at 714.

The report, titled “Theft and Recovery of Insured Vehicles,” indicated that 4,655 units were recovered after being stolen, which reflects a decrease of 8% compared to...

Senators want gun shipment stats from trucking, rail companies following shootings

Machine gun with banded packs of U.S. currency.

Five Democratic U.S. senators have asked 22 trucking and logistics companies and the country’s six Class 1 railroads to divulge firearms shipment data out of concern that security loopholes are contributing to rising gun violence.

In a letter sent on Thursday to the freight and parcel carriers — including J.B. Hunt, U.S. Xpress, Landstar System and UPS — the lawmakers, led by Ed Markey, D-Mass., said that gun sales and shipments have skyrocketed since the beginning of the pandemic as a result of...

https://www.freightwaves.com/news/senators-want-gun-shipment-stats-from-trucking-rail-companies-following-shootings