OCTOBER 2024 INSIGHTS

Thinking out loud: Freight Fraud Awareness should exist for more than just a day.

Happy Halloween 🎃

Our team certainly got plenty of treats during this month from having great discussions with and key learnings from multiple freight fraud prevention technology solutions founders and executives. And to iterate the title of this monthly post: yes, we think Freight Fraud Awareness Day should be the entire month of October and not just on October 15th. Industry leaders, let’s gather up and make it happen from here on out!

In case you missed this month’s weekly features, let’s recap:

QuikSkope

We were excited to talk with Matt Patterson about QuikSkope firstly due to his extensive experience in the logistics industry. As one can presume, Matt gained so much knowledge through information-sharing and firsthand experience for nearly a decade, from C.H. Robinson, then Penske Logistics, then Sunrise Logistics Inc., before founding QuikSkope. QuikSkope has a lot to offer in terms of verification and fraud protection. Below are the highlights:

• Web-based fraud protection tool for the logistics industry
• Uses AI-powered image recognition for carrier validation
• Geofencing and time-stamping for authenticity
• No app required; uses SMS link for driver interaction
• Manual override option for brokers/shippers
• API integration available with 1-year commitment

Freight Validate

Catching and fighting the bad guys as the one and only, Mr. Dale Prax, likes to put it! And it’s true. As a military veteran myself, I see Mr. Prax’s true commitment and continuous acts of valor to protect logistics businesses from fraudulent actors. He also comes up with really cool memes, so +5 aura points, Mr. Prax.

FreightValidate is the comprehensive package for fraud prevention. Check out its highlights:

• It provides objective data analysis combined with manual verification of FMCSA applications
• It utilizes advanced security features, including facial recognition, location verification, and ID validation
• It integrates with Siri/Alexa for easy carrier lookups and rate checks
• It integrates with Freight Credit app for broker payment history and credit score verification
• It provides daily monitoring of newly approved carriers against virtual office databases
• It has a user-friendly interface with clear risk indicators (red, yellow, green)
• It provides VIN number and license plate verification against bills of lading
• Integration with My Carrier Portal for combined comprehensive vetting process
  • FreightValidate provides initial screening for law violations
  • My Carrier Packet offers additional safety and performance checks

Trustd

Lyall Cresswell and Siofra Neary are trusted (😏) partners for digital verification. Lyall Cresswell basically said “enough of the manual vetting” and created Trustd to digitize and enhance security, trust, and efficiency in the logistics industry. What stands out to our team with this solution is that it caters to all parties: drivers and carriers, shippers, and brokers. See below:

• Identity verification for carriers and drivers using biometric data and CDLs
• Business details and insurance coverage validation
• Secure transactions and load tracking
• Prevention of double-brokering
• Focus on data privacy and regulatory compliance
• Seamless integration with existing freight platforms, e.g., TEG

For drivers and carriers:

For shippers and 3PLs:

Stealth Monitoring, Inc.

May I remind you all again that GardaWorld recently announced plans to acquire Stealth Monitoring to lead AI-driven video security? Stealth also ranked #12 on SDM Magazine’s Top 100 rankings for 2024. In short, Stealth Monitoring, Inc. gets all the aura points. CRO Erik Mikkelsen and CEO Max Baigelman continue to make sure Stealth Monitoring is recognized for its cutting-edge technology, credible human expertise, and unprecedented security solutions. See Stealth Monitoring, Inc.’s highlights below:

• Advanced technologies
  • AI/ML-driven security solutions
  • Proprietary networking technology
  • Real-time threat detection and analysis
  • Intelligent video monitoring systems
  • Customizable security solutions for various industries
• Operational excellence
  • Eight state-of-the-art video monitoring centers
  • 100,000+ cameras monitored nightly
  • Proactive crime prevention capabilities
  • 24/7 surveillance coverage
  • Rapid response protocols
• Security outcomes
  • 50,000+ criminal activities deterred annually
  • 1,000+ successful arrests facilitated
  • 70,000+ customer videos analyzed yearly
  • Comprehensive threat assessment and reporting
  • Reduced security personnel costs

MyCarrierPortal (+DESCARTES)

Last but most certainly not least, our team got to chat it up with Danielle Spinelli to talk about MyCarrierPortal and its recent acquisition by Descartes. It comes as no surprise for Descartes to integrate MyCarrierPortal and Descartes MacroPoint – two industry-leading software solutions – to unite and offer the industry a comprehensive product that combines rigorous security measures with advanced supply chain visibility tools, including temperature tracking, dock appointment scheduling, and predictive analytics. Read below for post-acquisition enhancements:

• Advanced Vehicle Identification Number (VIN) verification system that captures crucial data points, including driver location and IP address, during photo submission
• The comprehensive Descartes integration delivers enhanced carrier insights, covering equipment details, lane history, and performance metrics
• The improved carrier search functionality offers brokers more precise and targeted results, supported by a new analytics dashboard for better network visibility

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Closing thoughts: New trust architecture in logistics?

We’re noticing how these solutions democratize protection. Sophisticated tools that were once reserved for industry giants are now accessible to operators of all sizes – SMB to enterprise – and certainly suggests a future where robust security becomes as essential to logistics as tracking numbers and bills of lading.

These solutions are shifting us from an industry of reactive defense to one of proactive prediction, from siloed security measures to integrated protection that flows naturally through every transaction and touchpoint.

As we look ahead, it’s clear that the future of logistics security isn’t about building higher walls; it is about creating smarter, more resilient networks where trust is continuously verified and reinforced.

Solutions such as QuikSkope, Freight Validate, Trustd, Stealth Monitoring, Inc., and MyCarrierPortal (+DESCARTES) are moving us closer to a future where fraud becomes the exception rather than the constant threat it has been for too long.

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Thank you, once again, to all of our partners who made these product features and insights possible.

Freight Bites