In the latest episode of "The FreightCaviar Podcast", we sit down with Grace Maher and Jonathan McCormack of OTR Solutions. They shared their take on the current freight market, freight fraud, and talked about OTR's new platform for carriers.
Plus, Landstar delays Q1 earnings report due to massive fraud hit, witness tied to truck crash scheme murdered, UPS to cut 20K jobs amid Amazon pullback, and more.
A year ago, an early morning call brought two LA County Sheriff's deputies to an unexpected crime scene: a multi-million dollar theft at a truck stop. The thieves had broken into the back of a semi-truck trailer parked at a Flying J in Lebeck and stolen valuable jewelry worth approximately two and a half million dollars. This truck, marked with Brinks, was intended to be a secure transport.
The Aftermath and Legal Disputes
Jerry Kroll, representing 14 plaintiff jewelers who lost their valuable pieces in the theft, has since filed a lawsuit against Brinks, the transport company responsible that night. Arnold Duke, the organizer of the jewelry show from where the items were headed, has estimated the total loss to be around a hundred million dollars, potentially making it the largest jewelry heist in US history.
Unraveling the Details of the Heist
The heist occurred on July 11th, 2022, when one Brinks employee was asleep in the cab and another was getting food. They returned to find the back lock sawed off and 24 bags of jewelry missing. Despite being led to believe their goods were being transported in an armored vehicle, the trailer was revealed to be a regular big rig.
Dueling Lawsuits Emerge
In response to the lawsuit, Brinks has argued that the jewelers had undervalued their goods, leading to the inappropriate transport method. The transport company stated that the total value of the missing items, based on the customers' provided information, is less than 10 million dollars. While some claims have been settled, others persist, with both sides accusing each other of misconduct. Meanwhile, the stolen jewelry remains missing as investigations continue.
Saia shares have had an incredibly challenging past week, dropping 33% after missing earnings, down $117 from its high at $354.15, now trading at $237.95.
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
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