Plus: The DOT Secretary's announcement, a new FMCSA broker transparency proposal, surging Walmart sales, and more.
During a TIA-hosted media call, new TIA President and CEO Chris Burroughs unpacked what these changes could mean for brokers, carriers, and the broader supply chain.
Partnering with the right brokerage gives you access to specialized services without stretching your resources thin. Learn more about hot niche offering like LTL, Cross-Border, and OD/Heavy Haul can strengthen your business.
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
TIA's 2024 report shows a sharp rise in freight fraud, urging logistics companies to adopt stronger fraud prevention measures.
FTC and Florida halt "trucking automation" company RivX over alleged $75,000+ investment scam. Court orders operations ceased, assets frozen.
Hackers exploit FMCSA accounts to impersonate carriers and steal cargo. Learn how this complex scam works and steps to protect your freight business.
NTSB uncovers HOS violations at Illinois-based Triton Logistics linked to a deadly crash. Recommendations for stricter oversight are given.
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