Combatting Fraud in the Transportation Industry: Insights and Solutions
In this episode of the Trucking Risk and Insurance Podcast, hosts Chris and Johnny dive into the issues of factoring and the alarming rise of fraud in the transportation industry. They speak with Jennifer Lockett, an experienced operations manager from Altline by the Southern Bank, who shares her extensive 18-year knowledge in transportation.
Jennifer explains what factoring is and offers practical tips for trucking companies to protect themselves against fraud. She discusses various types of fraud like identity theft, collusion, and double brokering. Jennifer also elaborates on methods for detecting and preventing fraud, such as regularly checking FMCSA records and ensuring proper verification procedures.
This episode is essential for anyone in the transportation industry looking to safeguard their operations.
Jennifer Lockett Contact Info
https://altline.sobanco.com/freight/
Office 205-983-6272
jfink@sobanco.com
Your Hosts:
John Farquhar
National Risk Services Specialist, Transportation, Gallager GGB
https://www.ajg.com/ca/
M: 437-341-0932
John_Farquhar@ajg.com
Chris Harris
CEO, Safety Dawg Inc.
905 973 7056
Chris@SafetyDawg.com
https://safetydawg.com/
00:00 Introduction to Factoring and Fraud in Trucking
00:43 Meet Jennifer Lockett: Industry Expert
02:08 Understanding Factoring in Transportation
03:20 The Rise of Fraud in Freight Factoring
04:36 Real-Life Fraud Scenarios and Red Flags
06:52 Preventing Fraud: Tips and Best Practices
10:41 Collusion and Double Brokering Explained
12:42 Factoring Companies and Their Challenges
24:42 Advice for Trucking Companies
26:10 About Altline and Conclusion
Keeping it Safety Dawg Simple!
#trucksafety #truckinsurance #truckpodcast
Do you need a "Truck Driver Safety Policy?" Get it today! https://safetydawg.com/policy
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