Search By Topic The Green Supply Chain Distribution Digest
Supply Chain Digest Logo

Supply Chain News Bites

Supply Chain Graphic of the Week: The Growing Risk of Freight Fraud

Wall Street Journal Graphic Nicely Shows How It Works

 

March 28, 2023

 

Amid the high growth of cargo theft overall, fraud is especially a growth industry, notably something called "double brokering. This where cargo thieves pretend to be carriers, take the money paid to move cargo and then hire another company, unbeknown to the shipper, to complete the task for a lower fee, pocketing the difference.

Alternatively, the crooks might instead steal the cargo outright and sell in on the gray market.

This scheme was nicely illustrated in a recent article in the Wall Street Journal, as shown below:

 

 

Source: Wall Street Journal

 

“The schemes can harm parties at every step: Shippers lose merchandise, brokers get swindled and carriers don’t get paid,” the Journal notes.

 

Any Feedback on our Supply Chain Graphic of the Week? What do you think of this contributor list? Let us know your thoughts at the Feedback section below.

 

Your Comments/Feedback

 

 
 
 
 
   

Features

Resources

Follow Us

Supply Chain Digest news is available via RSS
RSS facebook twitter youtube
bloglines my yahoo
news gator

Newsletter

Subscribe to our insightful weekly newsletter. Get immediate access to premium contents. Its's easy and free
Enter your email below to subscribe:
submit
Join the thousands of supply chain, logistics, technology and marketing professionals who rely on Supply Chain Digest for the best in insight, news, tools, opinion, education and solution.
 
i
Home | Subscribe | Advertise | Contact Us | Sitemap | Privacy Policy
© Supply Chain Digest 2006-2023 - All rights reserved
.