National Logistics Day Underscores Supply Chain Fraud Crisis in U.S. Supply Chain

As the nation prepares to recognize National Logistics Day on June 28, the Transportation Intermediaries Association (TIA) is sounding the alarm on a growing national crisis: the sharp rise in supply chain fraud.

“Strategic fraud and cargo theft in our industry has reached a boiling point,” says Chris Burroughs, president and CEO of TIA. “It’s not just a logistics problem—it’s a consumer problem. Fraud drives up the price of everyday items and disrupts the movement of goods that American families rely on.”

Key takeaways:

·        According to TIA’s latest State of Fraud in the Industry report, freight fraud has skyrocketed by 1,500% since 2021, costing the economy $35 billion annually.

·        Third-party logistics (3PL) brokers are bearing the brunt of this crisis, often without adequate federal support.

• 83% of logistics companies experienced multiple types of fraud in just six months.
• Nearly half of all thefts targeted consumer goods like electronics and household products. These losses drive up prices and disrupt the availability of essential products across the country.
• Some companies lost over $200,000 in a single fraud incident.