There are several types of fraud plaguing the transportation industry. Double brokering is on the rise, costing the industry over $100 million on an annual basis. Freight bill fraud — which is when freight is delivered but the payment is stolen — is also growing.
Perhaps most alarming, however, is the increase in instances where both the freight bill and the freight itself are stolen.
“That’s a huge issue. It has escalated to the point where everyone is focused on this,” said Brent Hutto, chief relationship officer for Truckstop. “Bad actors have come into our marketplace and taken advantage of data connection weaknesses in order to levy attacks.”
