Fraud

FreightWaves Staff Friday, June 27, 2025

DOT Secretary plans to use AI to solve carrier identity

The Freight Fraud Crisis The trucking industry is grappling with a surge in freight fraud, leaving carriers, brokers, and shippers vulnerable to sophisticated scams like identity theft and unauthorized double brokering. These schemes disrupt supply chains, undermine trust, and cause significant financial and logistical challenges. The root cause is the Federal Motor Carrier Safety Administration’s […]

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Sponsor Monday, April 21, 2025

White Paper: Visibility-Driven Fraud Prevention Playbook

Freight fraud is on the rise—and it’s costing brokers, 3PLs, and shippers millions. This free playbook breaks down how industry leaders are using real-time visibility and AI to expose fraud schemes before they impact operations. From onboarding to final delivery, learn how to identify suspicious patterns, validate carrier identity, and take action in real time. […]

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Craig Fuller, CEO at FreightWaves Tuesday, December 17, 2024

Macy’s $151M freight accounting scandal: What happened with parcel deliveries?

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.

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Grace Sharkey Thursday, December 5, 2024

Fraud Watch: Sneakers, scams and AI

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 […]

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FreightWaves Staff Monday, October 16, 2023

White Paper: Fleet card fraud: Assessing the impact of fuel fraud on profitability

2022 marked a worrying record for the trucking industry: It was the costliest year to conduct business for fleet operators, surpassing the record established in 2021. Spotting and preventing fraud presents an opportunity to realize savings, but due to outdated solutions and disparate vehicle management and fleet card management systems, fraud can slip through the […]

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