The "fraud apocalypse" continues to ravage the trucking industry, with brokers particularly feeling the pain and left explaining to their shipper customers just where their freight went and on whose truck as cargo theft booms 600% and international networks of thieves craft ever more sophisticated angles of attack.
That's according to a new white paper from the Transportation Intermediaries Association, the trade group for freight brokers, which came out on Tuesday.
"The logistics and transportation industry is under siege from increasingly sophisticated and organized fraud schemes," TIA wrote in the paper's introduction. "With a dramatic rise in incidents reported by third-party logistics companies, the need for heightened awareness and robust countermeasures has never been more urgent."
The boom in freight fraud won't be news to Overdrive's readership, who mostly experience it as double brokering, load board scams, or indirectly via the rise of the "carrier vetting" cottage industry's attempts to use algorithms and public data to stem the tide of loss.
[Related: 'Iluminati' hack hits DAT boards with thousands of $20/mile postings]
But even for seasoned veterans of the freight fraud Wild West, the white paper has some shocking statistics, summed up nicely by the below infographic.
