Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
Two former MH Group employees face charges over a $1.4 million wire fraud scheme. The pair manipulated their positions within the company to misdirect funds into their personal accounts.
Two ex-employees of Texas-based carrier, MH Group, Dina Maldonado Morales and Laura Ballesteros Haby, were recently indicted by a federal grand jury, charged with wire fraud for allegedly siphoning about $1.4 million from the company into their personal accounts between July 2017 and April 2019. Hired as the dispatcher and operations supervisor, and payroll and accounts receivable manager respectively, the pair reportedly misused their roles to execute the fraud, even going as far as Morales falsifying checks and claiming ownership of MH Group. They both face up to 40 years in prison if convicted for conspiracy and the three counts of wire fraud.
Source: FreightWaves
A federal grand jury recently indicted two former trucking employees of MH Group, alleging the pair orchestrated an elaborate wire fraud scheme to defraud the Eagle Pass, Texas-based carrier out of approximately $1.4 million.https://t.co/2BzXuGQz5F
— FreightWaves (@FreightWaves) June 7, 2023
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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