Supply Chain Fraud: $111M Theft Shows New Sophistication

Freight crime is escalating, with new, sophisticated tactics like ‘bump and run’ causing massive losses for shippers and carriers. U. S. Bank’s Jeff Pape breaks down the emerging fraud trends, the crucial role of trust in carrier relationships, and how AI could reshape supply chain security amidst economic shifts. A $111 million theft of semiconductors — in which escort vehicles were cut off and truck drivers were directed to deliver goods to an unauthorized warehouse — is drawing fresh attention to the growing sophistication of organized cargo crime.