ThinkFreight

Cargo Theft Numbers Finally... Drop in Q2?

Cargo theft continues to rise, with Verisk’s CargoNet recording 771 incidents in Q2 this year. This marks a 33% increase compared to the same period last year, though it's a 10% decrease from the record highs in Q1.

Illinois Freight Ransom Ring

Nearly two dozen freight brokers claim that Agility Express Inc., an Illinois trucking company, and its network of affiliated carriers targeted their businesses just before the Fourth of July holiday, holding 36 confirmed loads hostage for ransom.

Broker Transparency Maintains October Target Date

A proposal aimed at improving broker transparency is expected to be released this fall. According to the U.S. Department of Transportation’s Spring 2024 Unified Regulatory Agenda, the Federal Motor Carrier Safety Administration (FMCSA) is targeting October to unveil its notice of proposed rulemaking regarding transparency.

CHP Recovers $50,000 In Goods From Cargo Theft

The California Highway Patrol (CHP) announced the recovery of stolen goods valued at over $46,000.

Transportation A Top 10 Target of Cyberattackers

A data breach study by SOAX using data from the Identity Theft Resource Center found a concerning rise in data breaches across US industries in 2023. The total number of breaches reached 3,205, a 78% increase from 2022.

The Bachelorette's Freight Star: Meet Devin Strader 🌹

Freight is going mainstream on the Bachelorette with contestant Devin Strader. Devin appears to be the definition of a freight entrepreneur.

U.S Container Volumes Continue To Rise

U.S. container imports maintained their upward trend in June 2024, with a 10.4% increase in volume compared to June 2023. Imports from China continued their strong performance, growing 13.8% year-over-year but remaining flat compared to May 2024.

CBP Officers Seize $5.1 Million In Meth At Pharr Bridge

U.S. Customs and Border Protection (CBP) officers at Pharr International Bridge seized over $5.1 million worth of methamphetamine on June 30th.

FMCSA's Confusing Excuse For Not Enforcing Own Rules

As freight fraud reaches epidemic levels, resulting in significant financial losses and stolen cargo, the Federal Motor Carrier Safety Administration (FMCSA) has yet to communicate clearly on its enforcement duties. The agency's statements regarding its ability to assess civil penalties for "commercial" violations have caused confusion among carriers, brokers, and other freight market participants.

Largest US Ports Report Volume Declines For May

U.S. ports had mixed results in May. The Port of Los Angeles saw a 3% decrease in TEUs, while the Port of Long Beach experienced an 8.2% drop. Conversely, the Port of Oakland, Northwest Seaport Alliance, Port Houston, and Georgia Ports Authority reported significant growth in container volumes.