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The transportation industry continues to suffer from a plague of fraudsters and theft that is showing no sign of slowing down.
According to a recent article from the American Trucking Association, strategic cargo theft has risen by nearly 1500% since 2021 costing the American economy an estimated $35 Billion dollars each year. This worrying trend continues to stress shippers and transportation providers alike.
According to DAT here are some best practices shippers can adopt to help mitigate risk:
Verify Suppliers Carefully - Use direct phone confirmation for any changes to vendor info and conduct background checks to ensure legitimacy.
Leverage Smart Tech - Ensure staff are trained to spot phishing attempts, invoice scams, and other fraud schemes.
Collaborate with Industry and Law Enforcement - Share threat intel, align with industry best practices, and participate in joint fraud prevention initiatives.
If you are a Koch Logistics customer and have more questions on how to mitigate freight theft or fraud, please reach out to your sales representative for more information.
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