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Jul 11, 2022 · Freight scams are schemes in which fraudsters pose as shipping or transportation companies to defraud businesses or individuals. The scammers may contact their victims via email, telephone, or online and often promise low shipping rates or other discounts to lure them in.
Freight scams directed at trucking companies are common – and incredibly destructive. Learn the signs of freight fraud so you can avoid downtime and losses.
Freight fraud schemes are going viral as hackers impersonate trucking industry brokers and siphon off thousands from unsuspecting carriers, owner-operators, and logistics firms.
Jun 1, 2023 · These are the eight most common trucking scams in the transportation industry. Double-brokering. Scammers will often claim they have enough vehicles to move freight, sign a contract with a broker or third-party logistics provider, and then re-broker with a legitimate carrier or owner-operator for an extremely high rate.
- Holding your good’s Bill of Lading (BOL) for ransom. This kind of scam usually happens online. The scammer will pose as a freight forwarder on some popular shopping sites.
- The Duplicate Name Scam. Another common example of freight forwarding scam is by making a fake site with a name similar from a legitimate company site.
- Cargo Theft. Scammers doing this act of theft tend to target clients with high-valued cargos. Same with the BOL scam, they will pretend as freight forwarders offering you with suspicious discounted rates and then seemingly vanish into the thin air once they got hold of your shipment.
Apr 23, 2024 · A rise in trucking fraud causes freight carriers & brokers to be more aware. Learn the 5 most common trucking scams & how to avoid them.
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Aug 1, 2024 · Freight fraud costs the trucking industry billions in fake shipments, siphoned card fees and stolen cargo. The average value of stolen cargo in 2022 was $214,104 – enough to sink vulnerable trucking companies in this period of low freight rates and profit margins.