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Trade & Logistics

7 September 2026

CargoNet tracks $31.8M in Labor Day thefts as criminals breach trusted freight accounts

Downunder Voices Newsroom

Source reporting: FreightWaves

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CargoNet tracks $31.8M in Labor Day thefts as criminals breach trusted freight accounts

Criminals can enter trusted freight channels through compromised carrier accounts, email systems, business phones or compliance platforms. They may change delivery instructions after a legitimate trucking company takes possession. That move can bypass safeguards focused only on carrier selection. Verisk CargoNet identifies this identity-based deception as an expanding holiday threat. The warning accompanies a five-year analysis covering Labor Day periods from 2021 through 2025.

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