Source: FreightWaves
Summary
The Federal Motor Carrier Safety Administration (FMCSA) has introduced a new registration system to combat cargo theft and deceptive pickup fraud in the U.S. trucking sector. This move comes as these types of crimes continue to plague the industry. According to the FMCSA, the new system aims to improve the agency’s ability to identify and prevent these crimes. The system will require carriers to provide more detailed information about their operations and will make it easier for the FMCSA to track and verify the identity of carriers.
Our Reading
The trend returns with a new name.
Cargo theft and deceptive pickup fraud are nothing new in the trucking sector, but the FMCSA’s new registration system is the latest attempt to tackle these issues. The system’s focus on carrier verification and detailed operational information sounds familiar to the know-your-customer (KYC) protocols used in other industries. The FMCSA’s efforts to stay ahead of cargo thieves and scammers will likely be an ongoing cat-and-mouse game. The new system is just the latest evolution in this cycle. Cargo safety is a perpetual challenge in the trucking industry.
Author: Evan Null
