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Verisk CargoNet warns of rising cargo theft risks over July 4 holiday as thieves target extended closures and high-demand goods.
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The leaders of a Southeast cargo theft ring have been sentenced to prison for more than $1.7 million in cargo thefts.
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Digital freight brokerage Transfix wants to bring the industry together to fight broker fraud with new digital fraud-prevention tools.
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QuikSkope has launched a fraud protection tool that it says uses a five-step process that combines real-time information cross-referencing, pre-pickup load-level verification, geofencing and photo verification, efficient scanner technology, and reliable partner authentication.
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Cargo theft remains high, both through pilferage and strategic theft, but there are steps drivers and fleets can take to better protect shipments. CargoNet shares holiday-season cargo theft trends and corresponding theft-prevention tips.
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With the increase of cargo theft and fraud in recent years, fleets can tap into technology to better know their shipments are secure.
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With the explosive growth of the freight market during the COVID-19 pandemic, cargo theft and fraud surged. Thieves stole more than $31 million in shipments just in the third quarter of 2023.
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CargoNet said there were 692 recorded theft events during the third quarter of 2023 and thieves stole more than $31 million in shipments. The company warns that strategic cargo theft by using stolen identities of brokers and motor carriers continues to increase.
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Phillips Connect's SmartLock Gladhand and SmartLock Door are designed to safeguard trailer loads, ensuring that only authorized persons can move or unload the trailer the products are attached to.
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Kinedyne says its new Coil Chock and Friction Mat offers a better way to keep steel coils on the trailer where they belong.
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