News / US shippers put on high alert over double-brokering fraud

© Thanee Hengpattanapong

Truckers and shippers in the US are on high alert over double brokering, an illegal activity that is hitting the market to the tune of more than $500m in a year.

The practice has been around for a while, but it recently has escalated to alarming dimensions, with a new variation gaining ground.

Essentially, double brokering occurs when an outfit successfully bids for a load posted by a broker or load board and then brokers it to a third party.

In its most ...