Rise in Freight Fraud and Protection Measures
The integration of digital platforms with everyday business operations is fueling a rise in freight fraud, which is now more prevalent than ever. Shippers and brokers can suffer significant financial losses due to this type of fraud. In the fourth quarter of 2022 alone, complaints about freight fraud experienced a 400% surge, resulting in an […]
Ocean Freight Rates Fall Along With Demand
Ocean freight demand and rates are falling despite efforts to mitigate decreased demand and capacity cuts. Uncertainty in consumer spending and overstocked inventories have reduced trucking demand and slowed inventory turnover, resulting in falling spot rates. The Logistix Company continues to prioritize optimal solutions, balancing contracted freight lanes and spot pricing for the best value. […]
