$455 million. That's how much U.S. businesses lost to cargo theft last year. 🚚 💸 Our latest SupplierWiki article breaks down: 🚨 Where theft happens across the supply chain 👀 How to identify and respond to theft 🔒 How stakeholders can prevent it Protect your profits. 🛡️ https://hubs.la/Q03MRVqH0 #SupplyChain #CPG #Logistics #Retail
Cargo theft costs U.S. businesses $455 million annually. Learn how to prevent it.
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This week, I've seen numerous people in the trucking industry discussing the Guy Fieri tequila heist and their own experiences with having a load stolen - freight theft is, unfortunately, an everyday reality for many carriers. If you're curious how thousands of bottles of Añejo (or trucks full of fresh produce) can disappear, here's a crash course:
$455 million. That's how much U.S. businesses lost to cargo theft last year. 🚚 💸 Our latest SupplierWiki article breaks down: 🚨 Where theft happens across the supply chain 👀 How to identify and respond to theft 🔒 How stakeholders can prevent it Protect your profits. 🛡️ https://hubs.la/Q03MRVqH0 #SupplyChain #CPG #Logistics #Retail
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FMCSA is now capturing fraud complaints against brokers in its National Consumer Complaint Database. On top of that, registration requirements are tightening: facial scans, verifiable IDs, and traceable physical addresses are now mandatory ✅ These changes make it harder for opportunists to enter the market and close some long-standing loopholes. But they also highlight a reality: government rules take time to design and enforce, while fraud schemes evolve overnight. This puts brokers front and center. Sitting between shippers and carriers, brokers have the power to filter out risk or let it pass through—their choices directly impact the safety and reliability of the supply chain. 💡Compliance is just the baseline. Vigilance, due diligence, and smart partner selection remain the frontline defense against fraud. #Logistics #Freight #SupplyChain #FreightFraud
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Freight fraud isn’t just a headline—it’s a growing risk across our industry. That’s why leaders like Jeff Dickinson and the Freight Fraud Task Force Inc. are stepping up to raise awareness, share best practices, and protect carriers, brokers, and shippers from costly scams. From double-brokering to identity theft, fraudulent practices can disrupt operations, erode trust, and drain profits. But with stronger collaboration, better vetting processes, and a united industry front, we can fight back. ✅ Verify carriers ✅ Strengthen compliance checks ✅ Report suspicious activity ✅ Share knowledge across the supply chain Fraud may evolve, but so will we. Together, the logistics community can stay one step ahead. Awareness is the first line of defence. Are you prepared? #Logistics #FreightFraud #SupplyChainSecurity #TruckingIndustry #FreightSolutions #SupplyChainExcellence #LogisticsLeaders #Transportation #SmartLogistics
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💼 What Is Vendor Fraud Shrinkage? Shrinkage doesn’t always happen inside your store — sometimes, it starts before your goods even arrive. Vendor fraud shrinkage occurs when suppliers intentionally or carelessly cause losses that reduce your stock or inflate your costs. It’s one of the most overlooked sources of shrinkage in many organizations. 🧾 Examples include: • Delivering fewer items than invoiced • Substituting cheaper or expired products • Manipulating weights, prices, or quality • Colluding with employees to approve false deliveries The result? You pay for what you never received — and your stock numbers no longer match reality. 💡 The solution isn’t just tighter audits; it’s strong supplier relationships, transparent receiving procedures, and uncompromised integrity from both sides. When vendors realize you verify everything, they respect the process — and you protect the business from silent losses. #Shrinkage #VendorFraud #LossPrevention #ProcurementIntegrity #InventoryControl #Audit #BusinessEthics
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🚨 Freight Fraud: Our Industry’s Growing Concern 🚨 Freight fraud has quickly become one of the most pressing issues in transportation and logistics. From identity theft and double brokering to fictitious pickups, the impact on carriers, brokers, and shippers is no longer just financial—it's eroding trust across the entire supply chain. That’s why the recent FMCSA announcement to phase out MC numbers in favor of a single, unified USDOT number system is a welcome and timely move. ✅ Why does this matter? 👉 Simplifying identification under a single DOT# helps reduce confusion and duplicate records. 👉 It streamlines verification, making it harder for bad actors to impersonate legitimate carriers or brokers. 👉 A unified system lays the groundwork for more transparent and efficient vetting tools across the industry. This is a step forward in protecting not just businesses—but relationships. And in freight, trust is everything. If you're looking for a partner who takes compliance seriously, prioritizes transparency, and stays ahead of industry changes—you’re in the right place. Let’s move freight the right way. 📧 abarney@exp-logistics.com 📞 515-468-6466 #FreightFraud #Logistics #FMCSA #Transportation #SupplyChainIntegrity #CarrierCompliance #Trucking #TrustMatters
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𝗪𝗵𝗮𝘁 𝗘𝘃𝗲𝗿𝘆 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗠𝗮𝗻𝗮𝗴𝗲𝗿 𝗦𝗵𝗼𝘂𝗹𝗱 𝗞𝗻𝗼𝘄 𝗔𝗯𝗼𝘂𝘁 𝗔𝗰𝗰𝗲𝘀𝘀 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 𝗶𝗻 𝟮𝟬𝟮𝟱 Supply chain security today is about more than just locks. It’s about visibility, compliance, and speed. The reality: outdated access systems are costing businesses millions. From warehouse break-ins to fraudulent pickups, old methods like keys and manual logs leave critical blind spots. 📉 Keys can be copied. Logs get faked. Revoking access can take days. 📈 Modern systems offer real-time control, instant credential management, and audit-ready digital logs. Real-world cases like the Charlotte Tilbury warehouse heist or the $128M surge in North American cargo theft highlight one fact: old access control is not only inefficient, it’s dangerous. ✅ Supply chain managers should be asking: • Can I revoke access instantly? • Do I have digital, real-time logs across all sites? • Am I preventing fraud, or only reacting after the fact? Those who modernize gain more than security. They gain efficiency, compliance readiness, and resilience. 👉 Read the full article here: https://lnkd.in/gzupwebA #SupplyChain #Logistics #AccessControl #SmartLocks #IkinGlobal
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More parked trucks = more risk. In CCJ — Commercial Carrier Journal Birdseye shares how remote security helps carriers avoid theft and stay compliant during tariff uncertainty. https://zurl.co/tsE8P #FreightSecurity #LogisticsRisk #SmartSecurity
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Cargo theft is a growing challenge that continues to outpace supply chain innovation. We’re excited to share that Supply & Demand Chain Executive has featured our perspective on why theft remains such a costly issue and how supply chain leaders can respond effectively. Read the full article here 👉 https://lnkd.in/gVh3SXbx 📌 Published in Supply & Demand Chain Executive, a leading voice in logistics and supply chain. #SupplyChain #Logistics #CargoTheft #SupplyChainInnovation #RiskManagement #FreightSecurity #Transportation #WarehouseManagement #InventoryControl #SupplyChainLeaders #LogisticsSolutions #SecurityManagement #OperationsExcellence #SupplyChainStrategy #SupplyChainRisk
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🚨 Freight Fraud is Evolving – Are We Paying Attention? 🚨 Freight fraud isn’t just a growing threat; it’s changing the game that has become easier for new players to enter. Fueling an uptick in stolen shipments and deceptive practices. Kristy Knichel of Knichel Logistics, Inc. shares her first-hand experience how even regular, trusted carriers can unexpectedly broker loads out multiple times, leaving entire trucks and trailers missing. As trust erodes and fraud becomes more sophisticated, logistics professionals are rethinking how they protect shipments and maintain secure relationships. Watch the full Driving Forward episode for more insight on challenges facing the industry and the urgent need for stronger safeguards, smarter vetting, and proactive adaptation. https://lnkd.in/gseYaS92
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🔒 Freight fraud is one of the fastest-growing threats in transportation. Scammers don’t need bolt cutters anymore — just a Gmail account and a convincing story. Before Exodus Logistix became a brokerage, we experienced firsthand how these scams work. We learned the hard way: scammers pose as legitimate brokers, send fake rate confirmations, and redirect loads to warehouses where freight disappears. It was painful at the time… but it gave us something invaluable. Experience. 👉 Today, as a brokerage, we know nearly every trick in the book. 👉 We’ve built safeguards to stop scammers at the door. 👉 We protect not just our customers’ freight, but also the carriers we partner with. ✅ Strict verification on every rate confirmation ✅ No loads from unvetted carriers ✅ Zero tolerance for “too good to be true” offers At Exodus Logistix, we don’t just move freight — we secure it. 💬 Shippers, what steps do you take to protect your supply chain from fraud? Read more of our story here 👉 https://lnkd.in/gxxpvM_E
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