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Stock impact report

Fraud Watch: Uncovering the dark side of freight [Yahoo! Finance]

ArcBest Corporation (ARCB) 
Last arcbest corporation earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: arcb.com/investor-relations
Company Research Source: Yahoo! Finance
What was once a sporadic issue has evolved into a multibillion-dollar challenge, drawing comparisons to fraud in the credit card industry and highlighting how that sector forged a unified front to combat it. By exploiting gaps in transparency, jurisdictional limitations and the rapid rise of FreightTech, freight fraud has surged and become the “perfect crime.” Tactics such as double-brokering schemes and identity theft have become widespread, with fraudsters easily manipulating load boards and hijacking carrier information through phishing and fake emails. Industry leaders are calling for collective action, such as uniform standards and shared databases, to track and deter fraud globally. The future of combating freight fraud relies on collaboration and transparency. Future editions of Fraud Watch will dive into specific fraud types, countermeasures and regulatory changes essential for protecting supply chains. Join us as we uncover the latest insights and work to restore t Show less Read more
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