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…
Investment fraud targets the human desire for financial growth by promising high returns with “low to no risk.”
- Ponzi Schemes: Named after Charles Ponzi, these schemes pay “returns” to earlier investors using the capital brought in by newer investors. There is no actual underlying business; the system collapses when new recruitment slows down.
- Pyramid Schemes: Similar to Ponzi schemes, but participants are usually required to sell a product or service. The primary “profit” comes from the recruitment fees of new members rather than actual product sales.
- Pump and Dump: Fraudsters spread false, positive rumors about a cheap stock (the “pump”) to drive up the price. Once the price peaks, they sell their shares (the “dump”), leaving other investors with worthless stock.