Connecticut Man Awaits Sentence for $3.5M Amazon Logistics Fraud
Federal prosecutors say he billed Amazon for 1,000 trailer movements that never happened.
Diana Korczak
Broker Fraud, Vetting & Carrier Financials
Diana Korczak covers the financial-risk side of trucking, broker fraud, double-brokering, fictitious-pickup scams, factoring fraud, identity theft, plus the public-company earnings reports, operating ratios, and balance-sheet warning flags carriers and shippers use to vet who they do business with. She names companies, lists the red flags, and tells carriers exactly what to verify before signing.
Phishing Email Gave Thieves $1.7M Condom Load Using Carrier's Identity
Criminals used a phishing email to compromise a legitimate trucking company's credentials, then picked up a 103,000-unit shipment bound for Walmart and…
AI-Powered Fraud Hits Trucking Firms as Scammers Scale Schemes
Fraudsters are using artificial intelligence to refine and scale schemes targeting trucking and logistics companies, even as carriers invest in cybersecurity…
Is your broker's carrier vetting about to become its own department?
Malcolm Harris predicts dedicated verification teams will replace ad-hoc carrier checks as impersonation schemes force brokers to choose accuracy over speed.
Wall Street Split on FedEx Freight Margin Target After 6% Volume Drop
Truist and Stifel set 'hold' ratings on FDXF shares as analysts question whether the newly independent LTL carrier can hit its 15% operating margin goal while…
Cargo Crime Seizures Hit $205M in Two Months Across North America
Federal authorities intercepted counterfeit goods, narcotics, and illegal imports moving through commercial freight networks in April and May 2026.
Eight Charged in $4.49M Carrier-Impersonation Scheme Spanning Three States
Manhattan prosecutors allege group stole lamb, cheese, beef, copper, and cigarettes by showing up at warehouses with legitimate carriers' MC numbers and DOT…
ArcBest Raises Q2 LTL Margin Forecast 200 Basis Points on Fuel, Rates
ABF Freight parent now expects 90.8% adjusted operating ratio in Q2, 200 bps better y/y, as diesel prices lift fuel surcharges and truckload shipments push…
NMFTA launches free portal for cargo theft and broker fraud reports
New Threat Report Portal lets carriers and brokers share cyber incidents, suspicious activity, and cargo crime patterns in real time.
QXO Junk-Bond Sale Draws $10B in Orders, Not a Broker Story
QXO's $3 billion bond offering to fund the TopBuild acquisition pulled triple the demand, but the deal involves a building-products distributor, not freight…
Hub Group CFO and COO Exit After $77M Accounting Error
Hub Group's finance chief and operations chief departed May 28 following a purchased-transportation understatement that forced the company to restate three…
Why the safest brokers run the most boring carrier-vetting workflows
Freight fraud has forced brokerages to add verification steps at every stage. The companies that repeat the same checks every time avoid the losses that come…