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Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
CargoNet: 2023 witnesses a 57% surge in cargo theft incidents. Innovative tech emerges as a key defense.
Brokerage fraud has made the landscape of our industry unrecognizable, and unfortunately, its impact continues to grow and expand daily. As logistics industry lifers, we recognized the pressing need to devise methods for safeguarding our operations and valued partnerships.
A truck driver involved in defrauding Roadrunner out of $112K receives house arrest and must pay restitution.
Representing TIA, Freight brokerage CEO Jeffrey Tucker warns Congress about an $800M fraud problem in trucking, urging FMCSA enforcement.
The National Retail Federation (NRF) reports that over $100 billion worth of merchandise was fraudulently returned in the U.S. in 2023, a figure that's more than doubled since 2020.
Thieves hijack a shipment of 19,000 bottles of tequila worth nearly $400,000, disrupting a US distributor's plans for a new tequila line launch.
Watch out for cargo theft this holiday season. Here are key trends, high-theft areas, targeted commodities, and essential security tips to protect your shipments.
Double brokering was found to be the number one type of fraud that worries freight brokers the most, with 50% placing it as their top concern. Here's what can be done about it.
Ex-Roadrunner dispatch manager sentenced to 18 months for stealing nearly $113K through wire fraud, highlighting management issues.
NYC authorities seized $1.03 billion in counterfeit luxury items.
At least 15 Pilot executives were allegedly offered bribes by the Haslam family to hike profits.
Michigan man sentenced to 17 years for duping investors into a trucking venture with false promises of hefty returns.
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