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Representing TIA, Freight brokerage CEO Jeffrey Tucker warns Congress about an $800M fraud problem in trucking, urging FMCSA enforcement.
The Transportation Intermediaries Association (TIA) voiced a grave concern to Congress: fraud in trucking is spiraling to an $800 million dilemma. Jeffrey Tucker, CEO of Tucker Company Worldwide, a freight brokerage based in New Jersey, spoke on TIA's behalf, emphasizing the urgent need for the Federal Motor Carrier Safety Administration (FMCSA) to tackle this rampant issue.
Fraudulent Practices Escalating
Tucker's testimony emphasized the surge in fraudulent actors, posing as legitimate carriers or brokers, committing theft, and even holding freight hostage. He criticized the FMCSA for their lack of action on the tens of thousands of fraud complaints, stating, "FMCSA must stop dabbling in non-safety commercial considerations... Instead, focus on safety."
Misconceptions Addressed
Tucker also debunked the notion of a driver shortage, a narrative he claims could weaken America's supply chain. He noted an increase of 1 million drivers over the last decade, calling for a more nuanced dialogue on the topic.
Additional Industry Concerns
Tucker touched on other pressing issues, such as the need for long-term investment at the Mexican border and the challenges posed by state regulatory issues on interstate commerce.
Global Supply Chain Concerns
Sources: FreightWaves | T&I Committee Republicans/YouTube
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