Fraud in the trucking industry has become a major issue 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 have 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 how stumbling into the freight-brokerage industry led him to Highway.

<p>Fraud in the trucking industry has become a major issue 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 have 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&rsquo;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 how stumbling into the freight-brokerage industry led him to Highway.</p>

Talking Transports by Bloomberg Intelligence features forwarding thinking conversations with analysts, executives and entrepreneurs that are shaping the future of the freight transportation industry. The focus will be on trucking, railroads, ocean and air freight markets and everything in between.

<p>Talking Transports by Bloomberg Intelligence features forwarding thinking conversations with analysts, executives and entrepreneurs that are shaping the future of the freight transportation industry. The focus will be on trucking, railroads, ocean and air freight markets and everything in between.</p>

Talking Transports

Telling Trucking Fraud to Hit the Highway

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0aa91731-115c-4094-baf3-b2c700c8c5c0/transcript

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