Freight fraud risks and carrier vetting are the focus as Highway Chief Commercial Officer Michael Caney joins FreightWaves Today. He breaks down what brokers, carriers and shippers need to watch right now when onboarding and monitoring capacity.If you work fraud prevention, carrier compliance or network procurement, this conversation gets straight to the operational takeaway without the fluff.#FreightFraud #CarrierVetting #SupplyChain Carrier-vetting platform Highway is putting its balance sheet behind its fraud-detection product: if a broker moves freight using Highway's guarantee standard and loses a load, Highway writes a check for $100,000. The company's chief commercial officer said the program covers the vast majority of carrier capacity in North America — and has paid out only once across roughly one million loads.
Of the approximately 175,000 carriers that move freight for freight brokers, Highway says more than 82% qualify for the guarantee tier. "What I would tell you is the industry keeps trying to solve for the bottom 18% of the market," the CCO said. "And what we're saying is if you will just move your freight to this cohort of carriers, which is the majority of capacity in North America, not only will you be fine, but Highway will stand behind it with a performance guarantee." "The average cargo theft is not the $100,000, it's $250,000.
This idea that a motor carrier can just show up and say, hey man, I'm gonna need this cargo, it's $250 grand, I'm good for it, is bananas." The single payout to date stemmed from an identity-design flaw tied to California's non-domiciled limited-term licensing rules. A fraudulent carrier obtained a new license through California's process, resubmitted in Highway's system, and the alert dropped off before the bug was caught and fixed — costing Highway $100,000. The CCO described theft events as a "Swiss cheese" of compounding decisions rather than a single failure point, and said Highway continuously monitors for ownership changes, inbox compromises, and cyber anomalies within the guarantee framework.
The announcement follows a high-profile, roughly 24-hour standoff between Highway and telematics provider Motive over data access. Highway had notified broker customers it was being throttled by Motive; by the time FreightWaves finished covering it on air the following morning, the dispute was resolved. The CCO argued that carrier ELD data belongs to the motor carrier, not the telematics provider, and that any party standing between a carrier and its ability to get paid is overstepping.
"You can't get in the way of the way a motor carrier gets paid," he said. The data-ownership debate extends beyond telematics. Highway's CCO and the host noted that DAT's default agreements include language prohibiting customers from sharing their data with other providers — terms that larger customers can negotiate away but smaller ones typically cannot.
The broader argument, the CCO said, is that freight brokers want transparency and automation, carriers want access to freight, and intermediaries should not obstruct that flow. Highway also disclosed it flagged 150 unique fraudulent profiles as part of a 12-month investigation into a fake ID ring in Kentucky, work the company kept quiet while the case was active. That investigation contributed to a major arrest in Armenia.
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