TIA report shows freight industry fraud crisis growing
The Transport Intermediaries Association (TIA) has released its 2024 State of the Industry Fraud Report, revealing the growing threat of fraud in the transport and logistics industry. The report provides a comprehensive analysis of financial losses and highlights the urgent need for stronger protection measures as fraud continues to surge throughout the supply chain. See also: Maintaining a secure supply chain: Responding to a surge in fraud and cargo theft “Our industry is suffering, and authorities are not giving us enough support to deal with this crisis,” said Anne Reinke, president and CEO of TIA. “Fraud in the supply chain not only affects businesses, but also consumers and the economy as a whole. This is a multi-million dollar problem that requires immediate action.” The report, based on responses from 200 TIA members, details the most common types of fraud, regional hotspots and the products most often targeted. It also highlights the heavy financial burden that fraud places on businesses and…
TIA report shows freight industry fraud crisis growing
The Transport Intermediaries Association (TIA) has released its 2024 State of the Industry Fraud Report, revealing the growing threat of fraud in the transport and logistics industry. The report provides a comprehensive analysis of financial losses and highlights the urgent need for stronger protection measures as fraud continues to surge throughout the supply chain. See also: Maintaining a secure supply chain: Responding to a surge in fraud and cargo theft “Our industry is suffering, and authorities are not giving us enough support to deal with this crisis,” said Anne Reinke, president and CEO of TIA. “Fraud in the supply chain not only affects businesses, but also consumers and the economy as a whole. This is a multi-million dollar problem that requires immediate action.” The report, based on responses from 200 TIA members, details the most common types of fraud, regional hotspots and the products most often targeted. It also highlights the heavy financial burden that fraud places on businesses and…
TIA urges quick resolution of port labor dispute
With the International Longshoremen’s Association (ILA) threatening to strike at East and Gulf Coast ports, the Transportation Intermediaries Association (TIA) is calling for an urgent resolution to the labor dispute as the holiday season approaches. Also read: CH Robinson: How shippers can prepare for potential ILA strikes amid growing disruption in North American shipping landscape Anne Reinke, president and CEO of TIA, highlighted this significant risk, noting that a strike would severely disrupt supply chains, especially during the peak holiday shipping period. “With 43% of U.S. imports passing through these ports, any delays would create bottlenecks for industries ranging from retail to manufacturing,” Reinke said. TIA supports good-faith negotiations between the ILA and the United States Maritime Union (USMX) to avoid shutdowns that could impact the industry nationwide. The association also urges the Biden Administration to intervene, if necessary, to ensure that the U.S. supply chain remains intact during this critical time for businesses and consumers alike.
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