Cargo thieves have learned to work the space between a broker and a carrier. They impersonate carriers, intercept load data and redirect shipments. Michael Caney, chief commercial officer of Highway, says no single vendor can close those gaps, and that freight needs shared standards for the data brokers use to choose carriers.
Highway sells carrier identity and vetting tools to freight brokers, and Caney has described it as the Plaid for freight. He said Highway answers to the 1,500 brokers that pay it to manage risk, and that its customer base and integrations give it more data than anyone on who is moving North American truckload freight and how likely each load is to be stolen.
That data backs a performance guarantee. If a broker follows Highway’s recommendations and the load is stolen anyway, Highway pays $100,000. Caney said Highway has covered a million loads under the…
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