{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Transportation Nation","title":"$700 Million Gone: Why Thieves Now Pick the Load, with David Mudd, Josh Masker","html":"","width":"100%","height":180,"duration":1843,"description":"Cargo theft hit $700M+ in 2025 — and the scammers are only getting smarter.\nIn this episode of Transportation Nation, host Lee Gentry sits down with David Mudd (VP of Logistics) and Josh Masker (Director of Risk Management) at Bennett to break down what's really happening in the freight industry right now.\nWhat we cover:\n- Why theft events are down but dollar values are up 50–60%\n- The most-targeted loads: copper, electronics, food & beverage, shingles — even bath bombs\n- How fraudsters use identity spoofing, double brokering, and purchased authorities\n- A real case where a load was brokered 7 times before being stolen\n- How AI is making fake certificates of insurance harder to spot\n- The Montgomery v. Caribe Supreme Court ruling and what negligent carrier selection now means for brokers\n- Why smaller carriers are getting priced out by rising insurance and $6.50/gal diesel\n- Practical steps Bennett takes to vet carriers, verify COIs, and track loads end-to-end\nWhether you're a broker, carrier, shipper, or agent, this one's worth your time.\nTimestamps\n00:28 Welcome and episode intro\n01:16 Theft volume down, dollar value up\n02:12 Insurance fallout and policy restrictions\n06:33 How identity-theft scams actually work\n07:30 Double brokering and buying old authorities\n09:02 The 7-layer bath bomb heist\n13:38 What thieves target: food, metals, electronics\n15:50 Practical takeaways for brokers\n20:11 Montgomery v. Caribe and broker liability\n24:19 Why Bennett's vetting held up\n27:25 Small carriers getting priced out\n28:51 Final thoughts from David and Josh","thumbnail_url":"https://img.transistorcdn.com/dp8Qu1ep64tErzXugq5JHnDw3TVsN2YgBa22Lk5CuGg/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9iNmY3/ZDAxNGFhMzg4ZjYx/MDJlYTZlYWIxODkw/MDBmOC5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}