Trucking Risk and Insurance Podcast
Stop letting insurance rates and safety risks stall your fleet. Join the TRUCKING Risk and Insurance Podcast for the straight goods on staying safe and profitable.
Hosted by industry veterans Chris Harris and John Farquhar, this is the #1 ranked trucking podcast in Canada. With over 60 years of combined experience, "The Safety Dawgs" provide an irreverent, unfiltered look at the pitfalls, risks, and complexities of trucking insurance.
Every week, we sit down with the industry elite to help you:
- Lower Insurance Premiums: Learn what underwriters actually look for.
- Master Safety Compliance: Navigate CVOR audits and FMCSA regulations without the headache.
- Manage Risk: Real-world "you ain't seen nothin' yet" stories and how to avoid them.
Whether you are a small fleet owner or a safety manager, grab a coffee and join us as we navigate the trucking terrain with veteran wisdom and a bit of humor.
Stay safe, stay compliant, and keep your rigs rolling.
You can contact us at
John Farquhar, John@summitrisksolutions.ca 1 226 802 2762;
Chris Harris, Chris@safetydawg.com 905 973 7056
Trucking Risk and Insurance Podcast
90% of Brokers Experience Cargo Fraud: How to Stop It | Billy Forkey | Ep. 230
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GUEST: Billy Forkey | Fenderr Freight Featured Topic: Cargo Fraud & Security
🛡️ CARGO FRAUD IS NOW A CERTAINTY, NOT A POSSIBILITY | Episode 230
90% of freight brokers have experienced cargo theft or fraud. In this episode, we're talking with Billy Forkey from Fenderr Freight about why traditional vetting methods are failing and what's actually working to stop cargo theft.
Billy shares:
âś“ Why his $14M cargo theft loss led to building Fenderr Freight
âś“ How biometric ID verification reduces fraud
âś“ The reality of ELD spoofing & mobile tracking limitations
âś“ Double brokering detection strategies
âś“ Why streamlined onboarding matters
âś“ Tools carriers NEED to manage costs & build profitable lanes
📱 RESOURCES MENTIONED:
đź”— Fenderr Freight: fenderr.com (with 2 Rs)
đź”— Fenderr App: link.fenderr.com
đź”— Billy on LinkedIn: linkedin.com/in/billy-forkey/
đź”— Fenderr Company LinkedIn: linkedin.com/company/106763733
đź”— Full Transcript: truckingriskandinsurance.com/billy_forkey_episode230
⏰ TIMESTAMPS:
00:00 - Intro: Cargo Fraud Is Now Certain, Not a Possibility
00:56 - Episode Welcome
01:01 - Billy's Background: 20+ Years in Freight Industry
01:50 - How Fenderr Freight Was Founded
02:45 - The $14M Cargo Theft Story (2018)
04:30 - Traditional Vetting Methods & Why They Fail
06:00 - Fenderr's Solution: Closing the Fraud Gaps
07:50 - ELD Connections, ID Verification & Real-Time Tracking
08:00 - Biometric Verification (Liveness Checks & ID Verification)
09:24 - Mobile Tracking vs ELD Tracking: Pros & Cons
10:12 - Why ELD Is Superior But Also Being Spoofed
12:23 - Double Brokering Scams & How to Detect Them
12:35 - The Cat & Mouse Game: Fraudsters Adapt Faster
14:00 - Using Vehicle & Insurance Data to Flag Issues
15:00 - How Insurance Companies Are Starting to Change
16:30 - The Role of Safeguards & Guardrails in the Industry
17:15 - One-Click Broker Onboarding & Simplified Process
18:30 - Why Onboarding Takes Just 11.5 Minutes Initially
19:30 - The Friction vs Security Balance (TSA Analogy)
22:00 - Cost of Fraud Tools: Baked Into Operating Costs
23:00 - Fenderr's Approach: Building the Best Product, Not the Cheapest
25:06 - The Harsh Truth: 90% of Brokers Have Experienced Fraud
26:00 - The Shift from "If" to "When" for Cargo Incidents
27:00 - Smaller Brokers vs Mega-Brokers: Cost Sensitivity
28:00 - Why Carriers Are Usually Left Out of Conversations
29:00 - Fenderr's Carrier App: Free TMS & Cost Analytics
30:00 - Understanding Operating Costs: Owner-Ops Need Tools
32:00 - What's Included in the Fenderr App for Carriers
33:00 - Building Relationships & Lanes as a Carrier
34:00 - Broadcast Features & ELD Location Sharing
35:00 - Breaking Down Carrier Skepticism (& Rightfully So)
36:00 - Owner-Ops Don't Know Their Real Numbers
37:00 - The Impact of Major Breakdowns on Profitability
38:00 - Final Thoughts: Why Carriers Should Embrace Technology
39:00 - Resources: Where to Find Fenderr & How to Get Started
40:00 - Outro & Call to Action
đź’ˇ KEY TAKEAWAY:
Fraud prevention isn't optional anymore—it's essential. The tools exist. The question is whether you're using them.
