Summary
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Memphis-based CargoGuard launched a freight fraud prevention and cargo visibility platform on 26 August, built for brokers, 3PLs and shippers facing an estimated $30bn of annual losses from double brokering and cargo theft, with theft up 57% year on year. The system combines anti-spoof GPS tracking, instant driver identity verification and API integration with existing TMS platforms, so teams can intercept suspect loads before they move.