Fraud

This week Descartes shares the work it’s doing to combat location spoofing.

From optimizing electric vehicle fleets to mitigating fraud and automating nonrevenue tasks, automation is positioned to address some of the industry’s most pressing challenges.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Barry Conlon and Adam Wingfield

This week we explore how retailers are balancing security measures with customer experience.

A New Hampshire man, who claimed he owned trucking and agriculture businesses, admitted that he conspired with others to fraudulently obtain nearly $320,000 in funds through two COVID-19 pandemic programs.

In 2024, retailers dealt with a costly challenge: U.S. consumers returning $685 billion worth of merchandise — 13.21% of total retail sales, according to Appriss Retail’s latest report.  Alarmingly, 15.14% of these returns were fraudulent, costing retailers a staggering $103 billion. The report, created with Deloitte, highlights the most common fraud schemes. Wardrobing, in which […]

2024 was another brutal year for trucking companies and freight brokerages. Thousands of firms called it quits, sought bankruptcy protection or both. Fraud-related stories also dominated the headlines. FreightWaves looks back at some of the year’s key stories.

This week the industry gets advice on cybersecurity strategies for 2025.

This week: Double brokers grab $1M in toys and porch pirates have a dance off

DAT Freight & Analytics spoke with FreightWaves about DAT’s acquisition of Trucker Tools and how it plans to address connectivity issues, fraud and customer needs in the new year.

In late 2024, retail giant Macy’s revealed a shocking accounting scandal involving its parcel delivery expenses. It said a single employee had managed to hide approximately $151 million in delivery costs over nearly three years, causing significant disruption to the company’s financial reporting and raising questions about its internal controls.

In a stunning turn of events, California-based trucking company Kal Freight Inc. has filed for Chapter 11 bankruptcy protection, unveiling a web of fraudulent activities that have sent shockwaves through the industry. The company faces serious allegations of financial misconduct and asset mismanagement.

The manager of a New York-based freight forwarding company is facing criminal charges alleging she violated federal export controls by illegally shipping oil and gas products to Russia.

Logistics firm Freight Essentials filed a federal lawsuit against WWEX Group and its affiliates, alleging that the company is engaging in fraudulent business practices with hidden fees.

This week: Blue Yonder deals with a massive cyberattack and FreightWaves’ shares tips for dealing with porch pirates.

Cassandra Gaines, CEO of Carrier Assure Inc., discusses the fraud crisis in the industry and how carriers can combat it.

Boeing’s plea deal regarding criminal fraud conspiracy charges over two fatal 737 MAX accidents has been rejected by a federal judge.

Recent headlines reveal how freight fraud is no respecter of national borders. Authorities have arrested Shenghua Wen, a Chinese national residing illegally in the U.S., on suspicion of exporting firearms, ammunition and restricted military technology to North Korea. Operating out of Long Beach, California, Wen reportedly hid the contraband in shipping containers routed through Hong […]

A Chinese national illegally residing in the U.S. was arrested Tuesday on allegations that he exported firearms, ammunition and other military items to North Korea from Long Beach, California.

A California man was sentenced to two years and nine months in federal prison for embezzling nearly $1.6 million from the Fresno-based trucking company where he worked for 15 years.

As Thanksgiving celebrations near, supply chains face a surge in criminal activity.  A recent CargoNet report highlighted 174 thefts worth $7.84 million during Thanksgiving week over the past five years, with the post-holiday Monday marking the peak for theft and identity fraud. California, Illinois and Texas top the theft hot spots, while warehouses and unattended […]

A former NFL player and his business partner, who were co-owners of a construction business and trucking company, and their bookkeeper face fraud charges after prosecutors claim they engaged in a scheme to obtain $1.4 million through the Paycheck Protection Program.

Areas of California, Illinois and Texas have been key targets for cargo thieves in recent years.

Department store retailer Macy’s, Inc., stated on Monday that an employee hid up to $154 million through intentional accounting errors starting in 2021.

A co-owner of a Massachusetts trucking company was sentenced to two months in prison after admitting that he falsified driving logs and lied to investigators in connection with a fatal collision involving the driver of one of the carrier’s trucks.

This week: Fraud tech captures FreightTech awards’ top spot, Circle Logistics shares its fraud prevention strategy and Guy Fieri just wants his tequila back.

The owner of a Florida trucking and logistics company has been convicted for his role in a three-year truck investment Ponzi scheme that bilked investors out of $112 million.

Ryan Joyce, a former CIA operations officer, drew on his experience tracking terrorist networks to execute the company strategy to fight freight fraud.

Welcome to the inaugural edition of Fraud Watch, FreightWaves’ dedicated newsletter tackling the burgeoning crisis of freight fraud.

The freight industry must take a series of steps to combat an epidemic of fraud.

Bipartisan bills including the Safeguarding Our Supply Chains Act and the Combating Organized Retail Crime Act of 2023 propose significant federal support to address the increase in freight fraud and organized retail crime.

A Virginia engineer was sentenced to seven years and six months in federal prison for his role in an investment fraud scheme that bilked investors out of over $15.6 million after purporting that he had lucrative engineering inspection contracts for federal and state government infrastructure projects.

As FreightVana CTO Don Everhart moves into his new role at Transflo, he answers FreightWaves’ questions on hot FreightTech topics.

According to a new report by Becker Logistics, cargo theft varies seasonally and by mode and location.

The first-ever Freight Fraud Awareness Day, taking place on Tuesday, aims to unite the supply chain community in tackling schemes like double brokering and cargo theft, which have seen a 400% rise since 2022.

A demand spike in truckload markets can leave independent drivers particularly vulnerable to fraud and theft.

In this edition: TIA releases its ‘State of Fraud’ report and Forward Air remains chaotic.

As cybercriminals evolve, companies must adopt cutting-edge defense strategies to protect their operations from significant financial and reputational damage.

Another executive at Polar Air Cargo has been sentenced to prison for defrauding the company for more than a decade.

A high-level executive at a prominent air cargo company was sentenced to prison for defrauding the company.

Freighter operator Western Global Airlines will pay $85,000 in backpay to female workers to comply with federal rules.

A Transportation Intermediaries Association report says the freight industry is “under siege” from fraud and must evolve to fight the ballooning problem.

Canadian supply chain SaaS provider Descartes acquired MyCarrierPortal, which provides brokers and shippers with carrier onboarding and risk monitoring tools.

U.S. Rep. Dave Joyce is spearheading an effort to have the Department of Homeland Security do more to combat organized retail crime in America.

Aaron Rudolf, who owns Rudy’s Performance Parts in Burlington, North Carolina, must pay $10 million in criminal and civil fines for an emissions defeat device scheme.

Truckstop.com’s Brent Hutto discusses the company’s zero-tolerance policy toward fraud and its recent work with the FBI.

With fraud on the rise, verifying carriers has become one of the top ways shippers can fight fraud on the front lines.

The Department of Labor has clawed back hundreds of thousands of dollars in back pay owed by Transair, a Hawaiian cargo airline that is no longer flying.

Christopher Carroll, 54, of Farmington, Missouri, was found guilty by a federal jury for fraudulently obtaining nearly $3 million in Paycheck Protection Program funds.

A former executive at Polar Air Cargo received jail time as punishment for defrauding the company.

A former trucking company owner from Acworth, Georgia, reported to prison Thursday, a day after a federal judge denied a motion to postpone his surrender following his sentencing in a Paycheck Protection Program fraud scheme.

While the company continues to deny any wrongdoing, TuSimple has filed to settle its federal fraud case.

The American Transportation Research Institute has launched a survey to study cargo theft in the trucking industry, which is estimated to be a $15 billion to $35 billion problem annually.

Two Midwest importers have settled a customs fraud case with the U.S. government for $10 million.

FreightTech hasn’t solved freight fraud, and regulators can’t figure out who is regulating it. Is there a solution?

The U.S. Securities and Exchange Commission has charged two more Florida executives with participating in a truck investment venture that allegedly bilked investors out of $112 million.

The nation’s trucking regulator has told Congress it lacks the ability to deal effectively with illegal brokers.

NullShip Shipping Solutions claims to sell U.S. Postal Service and UPS labels at a steep discount but sold clients counterfeit postal labels, costing one person thousands of dollars in lost goods.

Nearly two dozen freight brokers say an Illinois trucking company and its “affiliated carriers” are holding 36 confirmed loads hostage until ransom demands are paid.

Ex-Slync CEO Chris Kirchner was sentenced to 20 years in federal prison Thursday in the U.S. District Court for the Northern District in Fort Worth, Texas.

Highway’s Jordan Graft discusses how to fix fraud in the trucking industry at FreightWaves’ Future of Supply Chain event.

New legislation designed to crack down on fake companies that give legitimate brokers and carriers a bad name has bipartisan support.

Descartes MacroPoint FraudGuard evaluates billions of data points related to freight location and shipment status in order to flag potential freight fraud.

Federal regulators are taking the first steps to crack down on scams caused by hackers into the trucking industry’s government registration system.

Truckstop CEO Kendra Tucker said her company has taken steps to address freight fraud on its platform.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Dominick Tullo; Greg Steele; Ronalkd Greene

An administrative assistant at a Texas trucking company who ran a fraudulent pay scheme faces more than five years in prison.

Transfix has launched tools aimed at protecting shippers, carriers and brokers from fraud.

To view more FreightWaves infographics, click here

Federal prosecutors have charged the owner of an Illinois trucking company in an elaborate scheme to help applicants cheat on CDL exams by using hidden microphones and earpieces.

Two owners of a Utah trucking group were recently convicted for their roles in a pay-to-play fraud scheme that siphoned more than $108 million from FedEx Ground.

The owner of an Ohio trucking company pleaded guilty to wire fraud, admitting his role in a scheme to overbill shippers and consolidate shipments headed for Amazon warehouses and Bath & Body Works stores.

Federal regulators are proposing to ease requirements for new truck drivers — but crash victim advocates warn safety will be compromised.

Six people have pleaded guilty so far in a federal fraud case involving former executives at Polar Air Cargo, customers and service providers.