Telling Trucking Fraud to Hit the Highway: Talking Transports
Fraud in the trucking industry has become a major issues for carriers, brokers and shippers alike. The Transportation Intermediaries Association (TIA) estimates that freight fraud costs supply chains over $1 billion annually in the US. The pandemic, market participant anonymity and ease has helped spark a new wave of cargo theft. In this Talking Transports podcast, Michael Caney, chief commercial officer of Highway, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share his insights about how the company's technology based platform is fighting abuse in the industry. Caney also talks about types of fraud, the importance of knowing your customer, double brokering, dispatch services, rising costs for truckers and stumbling into the freight brokerage industry lead him to Highway.
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