Navigating the Shadows of Logistics Impersonation Fraud

Fraudulent activities like unauthorized brokering and logistics impersonation fraud have increased, with over 80K related complaints lacking investigation or penalties.

The trucking industry has faced long standing issues with fraud, lack of transparency, and non-compliance. As a result these problems directly undermine supply chain reliability and efficiency. Load Secure offers technologies aimed at increasing visibility, accounting, and integrity across the supply chain.

According to an Article by the Tank Transport:

“Being vigilant and examining every bill of lading is the first step in preventing common brokerage fraud schemes. The current system, however, doesn’t support this level of vigilance, creating a ripe environment for fraudulent activities.“

Additionally, many smaller carriers lack safety ratings, putting them at a disadvantage compared to large, established companies. Through proprietary tracking technology that drives 95% compliance rates regardless of company size, Load Secure promotes an equitable, uniformly regulated industry.

Contract provisions frequently allow brokers to avoid sharing records with carriers, deteriorating transparency and leaving room for logistics impersonation fraud. For this reason, Load Secure facilitates digital documentation and allows transparency across shipper, provider, and carrier across the supply chain.

Stopping “Double-Brokering” Schemes

So-called “double-brokering” involves unauthorized middlemen secretly taking cuts from shipping transactions. Load Secure’s proprietary tracking technology helps identify these incidents, preventing loss for logistics providers and maintaining above-board business practices.

For more in depth details on double-brokering, checkout our post on how double-brokering is gaining momentum.

In an industry where lack of transparency and non-compliance undermine supply chain reliability, Load Secure leverages monitoring, tracking and visibility, and digital documentation to ensure consistency and integrity across the supply chain. Load Secure technologies shine a light on shadows, promoting equitable, trusted relationships between brokers, carriers and partners.