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The Growing Threat of Carrier Fraud
Carrier fraud is one of the most concerning issues in today’s freight industry. With rising instances of double brokering, fake carriers, and fraudulent activities, businesses are at a greater risk of losing valuable goods or experiencing delays.
At Speedy Freight, we recognize that the consequences of carrier fraud can be devastating for businesses, which is why we go above and beyond to ensure the safety and security of your shipments.
How Speedy Freight Protects You: A Comprehensive Approach
Speedy Freight employs a meticulous process to combat carrier fraud and safeguard your high-value freight. We go through a series of checks to ensure that we only work with trusted and reliable carriers. Here's how we protect your shipments from fraud:
1. Rigorous Carrier Verification in 7 Key Categories
We understand that the foundation of freight security lies in the quality and reliability of our carriers. That’s why we perform in-depth checks across seven critical categories to ensure that each carrier is trustworthy:
- Fleet Size and Age: We only work with fleet owners who operate a minimum of 10 trucks. Additionally, the equipment must be newer than 5 years to ensure reliability and reduce the risk of issues during transit.
- Operating Authority: All carriers must have clean operating authorities with zero negative remarks, no double brokering alerts, and a pristine MC/DOT record.
- Business Longevity: We only work with carriers who have been in business for at least 5 years, ensuring they have a track record of reliability.
- Safety and Insurance: All carriers must meet minimum insurance requirements and maintain a safety rating of 95% or higher.
- Driver Records: Drivers must have clean records with no outstanding tickets, a valid driver's license, and must meet all legal and safety requirements.
- Compliance: California carriers must meet CARB compliance, and all equipment types must have regular inspections within the required time frames.
2. Three-Way Matching for Extra Security
We take carrier verification to the next level with our 3-way match process. Each carrier’s credentials are cross-checked across three separate portals to ensure that all information is accurate and up-to-date. This added layer of verification significantly reduces the chances of fraudulent carriers slipping through the cracks.
3. Tracking and Documentation Requirements
For additional security, we require all drivers to accept our tracking system via Macropoint, which is non-negotiable. This allows us to monitor shipments in real-time, ensuring your freight is always where it should be. Additionally, drivers must have proper documentation, including reference numbers and legal identification. If the driver’s information does not match their records, we refuse to load the freight.
4. Enforcing Strict Loading and Dispatch Procedures
Speedy Freight takes great care in ensuring that every step of the freight process is secure. Our drivers must adhere to strict loading and dispatch protocols, including verifying that their name matches their driver’s license and ensuring that both drivers for team loads are present before departure. No unscheduled stops or deviations from the planned route are allowed.
Speedy Freight’s Trusted Partnerships and Insurance Coverage
Carrier fraud isn’t just about verifying individual carriers – it’s about ensuring the entire logistics network is secure. We partner with vetted and trusted carriers, and we go a step further by working with alarm monitoring services to keep your shipments safe at all times. Additionally, our insurance coverage exceeds industry standards, ensuring your freight is well-protected:
- Cargo Insurance: Our policy reflects $250K in cargo coverage, $150K more than the industry standard.
- Contingent Cargo Insurance: We offer up to $500K in contingent cargo insurance, providing peace of mind that your high-value freight is covered, even in the event of unexpected situations.
We're a Securcom Approved Broker
To further strengthen our commitment to safety and security, Speedy Freight is a Securcom Approved Broker. This designation ensures that we meet the highest industry standards and best practices when it comes to freight security.
Communication and Dedicated Support
Clear communication is crucial to building trust and resolving any issues promptly. That’s why we offer key account management and a dedicated point of contact to oversee your shipments. This allows us to provide:
- Continuous Communication: Regular updates on load implementation and progress.
- Custom Solutions: Tailored support to meet specific customer needs and requirements, especially for sensitive items like iPhones, medical devices, and pharmaceuticals.
- Problem Resolution: A dedicated team ensures that any issues are addressed quickly and professionally, keeping your business running smoothly.
Why Choose Speedy Freight?
When it comes to freight security, we don’t cut corners. From extensive carrier vetting to offering industry-leading cargo insurance, we ensure that your shipments are safe and your business is protected. Our commitment to excellence and customer-specific policies helps you focus on growing your business while we take care of your freight’s security.
Ready to Secure Your Freight?
Let us handle the complexities of freight security so you can focus on what matters – growing your business. Contact us today to learn how our logistics solutions can help you fight fraud, keep your high-value freight safe, and provide peace of mind. We’re here for you every step of the way.
Contact Speedy Freight now for safe and secure logistics solutions and download our PDF guide to learn more about how we fight carrier fraud.
