A 20-year veteran of the freight industry, with 60k TikTok followers, argued that small carriers can't survive without brokers. Plus: the FBI's PSA, Steam Logistics sues two of its own, Ohio Turnpike comes for 315 carriers, and more.
Plus, Utah hands down an $81M nuclear verdict, hundreds of Mexican driver visas revoked at the border, Q1 earnings roundup, and more in today's newsletter.
Learn how freight brokers can source vetted carriers faster using real lane activity, invoice-backed rate intelligence, and proactive fraud monitoring through OTR Select
We see a surge in cargo theft in Q2 2023, with experts urging the need for strategic response and increased security measures.
With cargo theft soaring to a 10-year high, the Q2 2023 has seen a sharp rise in cargo theft incidents in the US and Canada. Scott Cornell, transportation lead at Travelers, paints a grim picture with data from CargoNet:
Strategic thefts involving stolen identities instead of force are the major culprits. With the rise of strategic theft, perpetrators are no longer limited to major freight hubs. The industry is responding, with load board operator Truckstop launching 'Fraud Prevention Friday,' a series aimed at educating carriers. Travelers Companies has also enhanced its cooperation, leveraging the Trucker Path mobile app to report theft swiftly. Cornell emphasizes the importance of being prepared, stating: “You must have a plan.”
On Monday, the CHP Cargo Theft Interdiction Program (CTIP) responded to a warehouse facility in the city of Stockton, and located 48 pallets of stolen paint, valued at approx. $229,000. This investigation remains ongoing. Great work by all! pic.twitter.com/JZr2Zjyqpb
— CHP Headquarters (@CHP_HQ) August 11, 2023
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
Plus, diesel's rising price streak finally snaps, a 13-year shipper relationship ends in a $726K lawsuit, Congress takes a real swing at cargo theft, and more in today's newsletter.
Plus: 170+ truckers removed in Florida, new bill proposes $5M motor carrier insurance, truck sales take a huge dive, and more.
Cargo theft losses hit $725M in 2025 — and nearly half involved carriers brokers already trusted. Learn how lifecycle verification stops direct theft before it starts.
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