AI on the Offense: Preventing the Top 5 Freight Risks at the Source

Shippers and 3PLs are grappling with rising threats — from cargo theft and freight fraud driven by bad actors to ongoing operational risks like load damage and product spoilage — all of which take a toll on the bottom line.

As supply chains scale and diversify, traditional detection methods can't keep pace. Enter artificial intelligence (AI). Not as a buzzword but as a frontline ally in a growing arms race against freight risk.

“As the logistics landscape grows more complex, we’re seeing AI not just as a tool but as a strategic shield against emerging threats,” said Jonathan Ryan, Chief Product & Technology Officer at Overhaul.

Top 5 Ways to Tackle Fraud in the Digital Era of Logistics

It is estimated that at least $800 million of freight payments are being double brokered annually. According to the Wall Street Journal, complaints about fraud, including double brokering, jumped 400% in the fourth quarter of 2022 from the same period the year before to the highest level since 2004.

Last week, the Transportation Intermediaries Association (TIA) voiced its concerns to Congress as Jeffrey Tucker, CEO of Tucker Company Worldwide, testified on TIA's behalf, emphasizing the urgent need for the Federal Motor Carrier Safety Administration (FMCSA) to tackle this rampant issue.