In 2023, CargoNet recorded 2,852 events across the United States and Canada, marking a 59% increase year-over-year. Of these events, 62% involved theft of a full or part shipment, with an average estimated value of $188,617 per event, totaling an estimated $331.9 million.
Taylor Logistics Inc., a full-service 3PL with a freight division, faced the challenge of maintaining the highest level of security and integrity within its supply chain amidst the complexities of modern logistics and the rising incidents of fraud. The growing need to protect their customers’ inventory from potential threats became more pressing. Taylor needed a reliable solution to enhance its fraud prevention measures and provide additional assurance to its clients.
"We had a manual onboarding process and a carry management process that was a little more subjective. So we wanted to greatly improve our processes and reduce the industry standard level of fraud in order to save time, reduce risk and above all else, take care of our customers products. Highway really enables us to tackle the industry wide problem and stays steps ahead of those issues that we're all facing."
- Eric Sehlhorst, Operations & Sales Manager at Taylor Logistics
Access Taylor Logistics' success story to see how Highway’s fraud prevention reduced freight fraud by 92%, streamlining operations, enhancing security, and boosting customer trust.
