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 […]
Quick Economic Rebound Unlikely
The anticipated “quick economic rebound” and rise in import demand for the latter half of 2023 seems unlikely due to factors depressing domestic consumer spending and import availability. China’s manufacturing recovery and export capacity are weaker than expected, while weak consumer demand, increasing debt, and bank failures contribute to a credit crunch and expected recession. […]
