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News
Cyberattack on Ceva Logistics warehouses in Europe impacts retailers
1+ hour, 9+ min ago (367+ words) Operations at eight Ceva Logistics warehouses in Europe were disrupted over the weekend by a cyberattack, causing shipping delays for many of the freight giant’s retail customers with inventory stored in those locations, according to a source close to the…...
$1.5M theft ring exploited shipment tracking, insider access
1+ week, 3+ day ago (342+ words) Investigators believe the organization stole thousands of shipments containing iPhones, Samsung phones, iPads and other electronic devices. Court records estimate losses exceeded $1.5 million. The FBI Newark Division led the investigation alongside federal, state and local partners. The criminal case remains…...
UPS labels allegedly diverted $2 million in Nike shoes, indictment says
2+ week, 1+ day ago (990+ words) Federal prosecutors indicted 12 people in an alleged cargo theft conspiracy targeting Nike’s Memphis distribution operation. The group allegedly diverted at least $2 million in products between July 2021 and June 2024. Court records say Nike employees placed unauthorized UPS labels on selected shoe…...
Serial Entrepreneur Reveals Keys to Successful Freight Tech Exits
2+ week, 1+ day ago (136+ words) SummaryView Transcript FreightWaves sits down with Marc Held, CEO of HOPTEK, an AI-native freight monetization platform. Learn how his unique approach to problem-solving, influenced by a successful track record in logistics tech exits including Green Screens and Turvo, is now…...
Exclusive: The $1 Billion Cargo Theft Network Plaguing the Supply Chain
2+ week, 2+ day ago (191+ words) SummaryView Transcript FreightWaves’ Phil Brink dives into two explosive stories shaking the supply chain: a $1 billion cargo theft network exposed by the FBI, and federal crackdowns on 75 CDL training schools suspected of widespread fraud. Learn about the sophisticated methods criminals…...
FBI says billion-dollar criminal network included cargo theft
3+ week, 8+ hour ago (356+ words) A Texas man who allegedly fled the United States has returned to face federal conspiracy charges after authorities extradited him from Qatar. Abdullah Anwar, 28, arrived in Texas on July 10 according to the U.S. Attorney’s Office for the Eastern District of Texas....
DeepFabric launches AI platform, aims to bridge operational trust gap
4+ week, 1+ day ago (279+ words) Dallas-based tech developer DeepFabric publicly launched its specialized AI platform for supply chain operations on Wednesday. The platform deploys specialized AI agents directly into enterprise operational workflows. Early customers –including HelloFresh, Kenco, NFI, and TwinMed– are already running the platform…...
CORCA heads to Senate amid cargo theft debate
1+ mon, 4+ day ago (556+ words) “They’re not saying that there is no cargo theft going on,” Cornell said. “They’re saying that it’s minimal and it’s being overstated.” What CORCA would do Why Congress says the bill is needed Why critics oppose the bill Critics also…...
Can OEM axle weight data and satellite imagery help identify cargo theft?
1+ mon, 1+ week ago (265+ words) The report groups suspicion scores into five operational categories. According to the report, scores between 0.8 and 1.0 are classified as Critical risk, scores between 0.6 and 0.8 are classified as High risk, scores between 0.4 and 0.6 are classified as Moderate risk, scores between 0.3 and…...
Trucker Path integrates Verisk CargoNet theft intelligence into navigation platform
1+ mon, 1+ week ago (293+ words) “Adding CargoNet’s theft intelligence data to our maps gives users a ‘head’s up’ when they are entering elevated cargo theft zones so they can be a bit more attentive while traveling in the particular zone, or just avoid it altogether....