Supply Chain Companies Experience $455M in Losses Due to Cargo Fraud: Truckstop Report

According to Truckstop’s new 2024 Freight Fraud Report, over $455 million in losses were reported due to theft, fraud, and impersonation scams across the industry.

Key takeaways:

• 65,000 thefts occurred in 2024, a 40% increase year-over-year.
• 46% of all thefts happened in just three states: California, Texas and Illinois.
• Double brokering and identity fraud continue to evolve with more sophisticated tactics.
• Double brokering activity is up 400% in some regions.
• 78% of brokers say fraud is among their top time-consuming business issues.
• Identity theft and fake carrier scams are increasingly targeting small fleets.
• Many freight fraud incidents now begin online, with impersonation tactics fooling even experienced operators.