https://youtu.be/rpZNPYuVzek?si=lTbrkOFU0upxxMO9 Three Steps to Combatting Fraudsters Once and For All Alright, so today brings us to our 3rd and Final topic in our customer fraud prevention series. We started this journey by discussing the different types of freight fraud, in the second one we talked about how to identify certain types of fraud
https://youtu.be/uT4ymtB7YcA Double brokering has been a concern for brokers, carriers, and shippers alike for years. The term double broker is relatively self-explanatory: It often refers to a brokered or shipper tendered load being sent to a known carrier, and from there the load is then tendered to a carrier unbeknownst to the original
https://youtu.be/WSBrAU5rDTw Top 3 Theft Commodities The Top 3 most targeted theft commodities in transportation are: Food and Beverage, Household Goods, and Electronics. CargoNet, who specializes in cargo theft prevention, "recorded 582 events across the United States and Canada in the second quarter of 2023" equating to over $44 million in stolen shipments. Of the
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https://youtu.be/ztGnPKAkCQw The LMI, or the Logistics Managers Index, reached an all-time low for the first time in the index's almost seven-year history in May coming in at a reading of 47.3. Of the 8 subsets that make up the LMI, warehousing capacity was the only category that registered expansion growth. Transportation utilization and
https://youtu.be/j8pdkwU3u28 Monthly job creation in the U.S. rose for the month of May by 339,000. That’s 15% above April’s figures and its highest release since January. The strong release more than 78% higher than what the Dow had originally anticipated for the month. The rise in openings is seen as an encouraging indicator
https://youtu.be/DO-GWorG-2k International Roadcheck Week ran from the 16th to the 18th. Over 1.8 million inspections have taken place since 1988 over these 72-hour blitz periods. This year, CVSA-certified inspectors with be focusing on vehicles ABS and drivers' cargo securement. While these are the 2 main focuses for inspectors this year, that doesn’t exclude
The Home Depot, the world's largest home improvement retailer, reported a shares loss of 2% and their largest revenue loss in 20 years in its first quarter of fiscal year 2023! There are a number of factors that contributed to Home Depot's revenue loss, including: Inflation: Inflation has been rising in recent months, which has