Federal investigators accuse nine logistics workers and executives of devising an elaborate scheme to slip $200 million worth of counterfeit goods from China past customs officials at the ports of Long Beach and Los Angeles.
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.
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.
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.
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 […]
Welcome to the inaugural edition of Fraud Watch, FreightWaves’ dedicated newsletter tackling the burgeoning crisis of freight fraud.
Strategic theft and straight theft are particularly prevalent in today’s market.
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.
With scammers getting more sophisticated in compromising the security of cargo or a carrier’s sensitive information, brokers need access to the best technology available to help them efficiently deploy best-practice processes in their fight against fraud.
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.
Descartes recently acquired MyCarrierPortal to combine the strengths of both businesses, creating a more powerful solution for companies looking to boost efficiency while tackling fraud head-on.
A high-level executive at a prominent air cargo company was sentenced to prison for defrauding the company.
A Transportation Intermediaries Association report says the freight industry is “under siege” from fraud and must evolve to fight the ballooning problem.
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.
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.
Christopher Carroll, 54, of Farmington, Missouri, was found guilty by a federal jury for fraudulently obtaining nearly $3 million in Paycheck Protection Program funds.
