Counterfeiting, fraud and related crimes pose significant challenges to virtually every industry. Listed below are facts and figures that highlight specific challenges that face the transportation & logistics sector.
- 45% of Transportation & Logistics companies have experienced fraud over the past two years, and the actual incidence of fraud may be even higher, as detection can be difficult.
- Asset misappropriation in general is by far the most prevalent type of fraud in the Transportation & Logistics industry, with 73% of companies who report having experienced fraud naming this type
- Most of the approximately 6 billion pounds of cargo shipped aboard passenger aircraft within the U.S. each year is not inspected thoroughly, according to a 2005 report by the Government Accountability Office.
- If a proposal from the Transportation Security Administration (TSA) takes effect, up to 750,000 of the nation's truckers and port workers could soon be submitting fingerprints and other proofs of identity as part of stepped up port security checks.