
In this episode of Supply Chain Now, Scott W. Luton and Scott DeGroot are joined by Krenar Komoni (Founder & CEO of Tive) and Fernando Boom (Director of Transportation at Venture Metals +) to break down the massive shift from physical yard thefts to sophisticated, identity-based freight fraud.
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Podcast Host (Intro/Outro)
Curious about the latest trends in the world of freight dive into our exclusive coverage of the U.S. bank Freight Payment Index and U.S. bank's new quarterly Rates Edition. In partnership with DAT Freight and Analytics, the index provides deep national and regional insights. The Rates Edition provides a unique marketplace view of freight rates. Visit freight.usbank.com to explore these quarterly reports and sign up for updates. A dynamic take on this information and to learn what's happening now in the business world, subscribe to Supply chain now on YouTube or wherever you get your podcasts.
Fernando Boom
The threat has shifted. Honestly, it's from physical to identity based. It's no longer bolt cutters in a yard or Wild west style hijackings anymore. It's full females impersonated broker carriers loads quietly diverting in transit and using stolen identities. We actually saw that this carrier or this driver was able to bypass the bolt seal that we placed on the locking mechanism. He didn't realize that we did have over tracking in there that alerted us to all of these different points of visibility. Ultimately the driver was arrested and he was charged with first degree felony cargo theft. Over 200,000.
Scott Lewton
Welcome to supply chain now the number one voice of supply Chain. Join us as we share critical news, key insights and real supply chain leadership from across the globe. One conversation at a time. Hey, good morning, good afternoon, good evening wherever you may be. Scott Lewton and Scott DeGroote, aka the professor, here with you on Supply Chain Now. Welcome. Hey Scott DeGroote, how you doing today?
Scott DeGroote
I am outstanding Scott. Summer is here and I'm ready for it.
Scott Lewton
I'm not ready for what's right around the corner in terms of 127 degree temps. But hey, baseball's here. We got NBA Finals and better yet, we've got another terrific show. I really enjoyed our collaboration and your perspective. And folks, today we've got a fascinating story to share with you here today. This is going to be one of the most unique shows of the year here at Supply Chain. Now we're going to be sharing the story of how one fearless supply chain leader was able to stop a brazen act of cargo theft in part using innovative modern technology. Plus, we're going to be sharing tips, tactics and technologies. Say that three times fast. That will enable your organization to optimize its security across the supply chain ecosystem. All that and much, much more. Again, stay tuned for what might just be your most interesting hour of the week. Now Scott, given your background and your track record of making stuff happen in global Supply chain, especially in logistics and Planning and distribution. I'm looking forward to your insights here today. Should be a great show, huh?
Scott DeGroote
Yeah, I, I agree, Scott. It's a great topic and I think if you're not paying attention, you might not be aware of the, the explosion in freight fraud and it's really a problem for all of us.
Scott Lewton
That's right, that's right. You know, as we talk about a lot, the same innovative technology that the good actors have access to, well, bad actors have access to access to it as well. But never fear, there's things and steps you can today to do something about it. So let's get to work. I'm going to welcome in our featured guests here today, Fernando Boom, director of transportation at Venture Metals and backed by popular demand, Krenar Kimoni, founder and CEO of T. Let's bring them both in.
Krenar Kimoni
Hey.
Scott Lewton
Hey, Fernando. How you doing today, my friend?
Fernando Boom
Good morning everyone. I'm great, fantastic. Great weather here in Philly. I'm fantastic. Thank you for having me.
Scott Lewton
Well, it's terrific. We've really enjoyed our car pre show conversations. Great to have you here as well. And Krillar, great to see you once again. Appreciate the great work, innovative work you're doing out in the industry. Welcome to supply Chain now.
Krenar Kimoni
Thank you, Scott and Scott and Renano, great seeing you. Excited about this show today. And it's 70 plus in Boston, which is pretty amazing.
Scott Lewton
Oh, 70 plus, okay.
Krenar Kimoni
Yes, that's what it said in the morning. Yeah, it is.72.
Scott Lewton
Well, it sounds, it sounds, sounds gorgeous. And Scott DeGroote, not sure what it is. Tempo is up in your neck of the woods. But we got a hot conversation here today. Is that right?
Scott DeGroote
Yes, yes. It's beautiful.
Fernando Boom
75.
Scott DeGroote
But I think the more interesting thing is what, what, how we're preventing freight fraud. And that's amazing to me.
Scott Lewton
It is, it is. And we got quite a lot to get into. But first, Fernando, you know, I was getting to know you through our pre show conversations and there's a lot of things we could talk about in terms of big things you're doing outside of Supply chain, but in particular art shows. When I ask you about art shows, you lit up because it's one of your favorite things to go do. Tell us about that passion.
Fernando Boom
My wife and I, we enjoy art shows and local artists. We frequently go to different venues and different functions that are being held in the DFW area or wherever we're at, honestly. And we try to see if we can afford, not unsuccessfully most times, to purchase some of the unique pieces from the local artists. A lot of folks don't really give them. Give the low courtesy a little love. So we like to do that.
Scott Lewton
A very admirable hobby of yours, Fernando. And I'm with you. I can't afford that fine art. I'm still celebrating my kids crayon drawings.
Fernando Boom
All right.
Scott Lewton
So Krinnar, one other thing we've talked about in your previous appearances is many things, but your son is an avid soccer player.
Scott DeGroote
Football.
Scott Lewton
And that takes my mind to the World Cup. Who is your son pulling for? Kronar.
Krenar Kimoni
I asked him actually literally yesterday because he was at tryouts. So I. He's rooting for two. He doesn't know which one, but France and Spain.
Podcast Host (Intro/Outro)
Okay.
Krenar Kimoni
Looks like France has some really good players and Spain obviously won World Cups recently. So they have a really good team. So he's between those two.
Scott Lewton
Well, I think those are good picks.
Krenar Kimoni
I'm not.
Scott Lewton
I wish I was more of a football pro, Scott DeGroote, but those sound like good picks to me. And I'm just. I'm probably more curious about the logistics behind the World cup because I'm a big supply chain nerd. But Scott, do you have a pick for football?
Scott DeGroote
Yeah.
Scott Lewton
Yeah.
Scott DeGroote
I can't help but go with my perennial favorite which is Argentina. You know, yes, you could think about USA and maybe they have a chance, but Argentina, you know, how can you root against Argentina? I don't. That's my view.
Fernando Boom
But we'll see how.
Scott Lewton
I'm with you. I'm with you. I'm ready for lots of close matches and I love the. The sudden death. That is probably one of the best sports experiences around the globe. But speaking of, we got a lot of stuff to get into when it comes to cargo security and Fernando's story. So let's level set a bit. So for. For Fernando, for the few folks out there that may not know Venture Metals and, and your role, can you level set a bit with us?
Krenar Kimoni
Sure.
Fernando Boom
Venture Metals International is a global industrial recycler. Headquarters out of Dallas. Since 1986, we've handled scrap metal recycling, reverse logistics, material recovery for industrial, manufacturing, construction, and even energy customers across the US and internationally. We supply raw materials to the mills and manufacturers. They melt those things down to the products that we all end up using on an everyday basis. I'm the head of transportation department for the enterprise. I run the logistics end to end fleet dispatch, safety compliance, carry relationships and governance, making sure materials move reliably and they securely across our facilities and customer locations. That's the Quick elevator pitch.
Scott Lewton
I like it. Fernando. That, that's, that's very helpful context. And Scott DeGroote, I'm not sure if you ever spent much time studying the metals industry, but it is fascinating, Scott, huh?
Scott DeGroote
Yes. And I think a lot of people, I agree with you. And, you know, so much of our. Our infrastructure depends on Fernando and his team doing their jobs very well. Because we need these metals and we need them back.
Scott Lewton
That's right. You know, if we stop and thought about all the different parts that we don't even think about that requires Fernando and his team's efforts, it really is some. Now, Krinar, most folks, I would say, especially in our audience, is familiar with time and the work you do. But let's. For our new audience members, tell us what TIVE does. Krinar.
Krenar Kimoni
Yes. So, hi, everybody. My Name's Krenar. I'm CEO and founder here at Tive. Started the company almost 11 years ago. June 8th will be 11 years. So time is flying by. But what we do is pretty straightforward, Scott. We help companies all over the world understand and observe what is really happening with their shipments. So what customers do is they take these trackers, they put them on top of the pallet, on top of the load, similar to what Fernando did here. And I'm really excited to hear his story. And they get to see it in real time, what's happening with the shipment. But our software automatically figures out if something is going wrong and then alerts customers if something's actually about to go wrong or is going wrong so they can act upon it and be able to save a shipment. That's really our goal, is to save as many shipments as possible out there.
Fernando Boom
Yep.
Scott Lewton
Love that Krennar. And it's so needed. Going back to Scott's point about the continued rise of cargo theft, you know, folks, the story we keep referencing, by the way, we're kind of breaking up the conversation a couple different nuggets. Number one, we're about to kind of speak to the landscape of what we're seeing out there, right? Some freight trends, cargo theft trends, you name it. And get Kranar and Fernando and Scott all the way in. And then we're going to talk about some of. Some of the technologies to fight the good fight, to counter the risk out there and mitigate the risk out there. And then the story we keep referencing, Fernando was able to stop bad actors from stealing about a $240,000 shipment of copper. And so that's what we keep referencing, and it's a It's a Hollywood story, maybe a movie in a few years. So we'll get to that here in just a minute. Let's do this. Scott. First off, I keep referencing. We're going to get Kinarda to kind of put a finer point on it. But, you know, this cargo theft environment, and we received new. We see old, but also new approaches almost every single day. It poses quite the risk to supply chains everywhere.
Scott DeGroote
Huh. There has been, as you say, especially in the last three years, an exponential expansion or growth of cargo theft, and, you know, by sophisticated actors who are using advanced technology to ghost shipments to ghost carriers. Steal. I'll just use that word. Steal information that the shipper has that they become. And the point is, these are organized, sophisticated rings of criminals who every time we put a defense in, they try to come back with another way to get around our defense. And that's why I'm so excited about Fernando's story and what tive has to offer because, you know, there are some things that you can't get around. And I appreciate the fact that there's a lot of value that could leak out of our supply chains if we don't fix this problem.
Scott Lewton
That's right. Elevated. And elevated innovation on the bad actor side requires elevated innovative approach on the good actor side, I'll call it. Now, Krinnar, as we were referencing earlier, you work with organizations across industry. And by the way, congrats on 11 years come June 8th. That's quite a feat. We'll have to celebrate in some. Some cool ways. But if you would, you've got some unique perspective here when you think about key trends, you know, data points, some of the tactics that criminals are using when it comes to cargo theft. What's important for folks to know out
Krenar Kimoni
there, I would say, as Scott alluded to, right. There are some sophisticated ways that theft is happening now. The traditional think of many, many years ago is somebody actually stops the truck, opens the trailer, steals the goods, and then there's nothing happening. And carrier has nothing to do with it. The driver doesn't have to do anything with it. That's. That's hard work because you really got to be a thief. You got to stop. You got to make sure you evade the police and nobody sees you. So how do you do that? Like, how do you skip all of that is by being fraudulent. And with artificial intelligence, there's been a proliferation of ways to do that. So now you have chameleon carriers, carriers that have had fraud, they've done something, and they just go apply for a new MCN number. Then you have double brokering happening. So a carrier broker picks up a load and then another broker, another carrier picks up that load from the, from, from, from this broker. And then suddenly you don't know which carrier is picking up and that next carrier could be fraudulent. You have fraudulent MC holders. So criminals easily go and buy potentially an MC number from somebody. And that MC number maybe hasn't been used for 12 months or 24 months and somebody has it, but they want another 2, 3000 bucks in their pocket. They buy the MC number, they become a carrier, it's legit because that MC number has been around for X amount of years. They go and say, hey, we're going to pick up the load. They accept the load and somebody goes with a truck with a driver, just picks it up and then steals the load. So there's identity theft. A fraudulent driver shows up that's not supposed to show up at the place. But they have all the documentation. Everything looks legit. The people in the warehouse, they look at it and say, okay, fine, you're here to pick it up. But they were able to intercept that from, from the broker and they know exactly what the load is. Somebody may be inside brokerage spied and told them about it. So they go pick up this load of gaming consoles or metals or anything they can sell off the street, make 2, 3, $400,000 instead of just 2, 3, 4, $5,000 to move that load. Now they're making quarter million dollars potentially from one or two loads. And this is happening. And sometimes shippers broker it just can't catch them. At this early stage. There's a lot of technology that's being added, but the key is to build layers on top of that, which I'm sure we'll talk about here so that if it happens, how are you going to react and actually catch these things up to these missteps? Happened.
Scott Lewton
All right, really quick before I check in with Fernando Scott Negrot. That was a dizzying array from chameleon carriers to double brokering to fraudulent MC number holders. Identity theft. And perhaps one of the biggest things that Krinar shared is the motivation for doing all that stuff has risen dramatically from a couple thousand ducks bucks to making quarter million dollars or more in a heist. Scott, speak to what we heard there from Kronar.
Scott DeGroote
Yeah, no, I think that it's right. And what Canard is really reaching at is that, you know, you might not be aware at your company if you're a shipper or manufacturer that it's happening at some level, but the scale across a broad number of enterprises, especially big chip, big shippers, you know, it could be adding up to millions and millions of dollars for some of these criminal enterprises. And because of the speed of the technology changes, this is big money and you're losing big money when you're not fighting it. And I'm very supportive of this idea of having multiple layers here. It's not just defense of the data. Got to have defense of the actual phrase. So I'd love to hear this story.
Podcast Host (Intro/Outro)
Curious about the latest trends in the world of freight dive into our exclusive coverage of the U.S. bank Freight Payment Index and U.S. bank's new quarterly rates edition. In partnership with DAT Freight and Analytics, the index provides deep national and regional insights. The Rates Edition provides a unique marketplace view of freight rates. Visit free.usbank.com to explore these quarterly reports and sign up for updates for a dynamic take on this information and to learn what's happening now in the business world, subscribe to Supply chain now on YouTube or wherever you get your podcasts.
Scott Lewton
So Fernando, with that in mind and kind of hearing Cornell walk through some of the risks, some of the examples out there, your thoughts, Fernando?
Scott DeGroote
Yeah.
Fernando Boom
What Scott and Kanar describing is exactly what we're seeing and living. The threat has shifted, honestly. It's from physical to identity based. It's no longer bolt cutters in a yard or wild west style hijackings anymore. It's full females impersonated broker carriers loads quietly diverting in transit and using stolen identities. And they're deliberate about it too. They target high bound freight with known corridors that have these high value lanes. And the hard part is that these attacks look completely legitimate. On paper it's a clean broker, clean carrier, clean paperwork, real looking entities. And by the time anyone notices, the load's already gone. Defenses built for that old model just don't catch it. You have to modernize.
Scott Lewton
You have to modernize. That's right. Someone told me at a recent industry event if you're taking a horse and buggy approach, supply chain these days, you're in trouble. And you know, we still have a lot of fashioned ways of doing things and we can't do that. We can't afford it, especially when it comes to cargo security. So really, to that end, the good news here today that we're going to be sharing are the steps you can take today to better prepare your enterprise and supply chain ecosystem to opt truly optimize cargo security. So Kar, coming back to you, share some of the advanced capabilities that t offers its customers so that they can better mitigate risk and prevent loss.
Krenar Kimoni
There's multiple layers and we can dive into each in detail. But I would, I would say the. One of the first things you do, you just try and monitor the ship and where it is. And by placing the tracker inside the trailer, inside the container, where the thieves don't even know it's there, the carrier doesn't even know it's there. You as a shipper in the warehouse, loaded the truck with this on top of it, I think is a step number one. So now you, you know where you load is if there's a diversion, you'll be able to catch. And the way diversion happens is what we've done is at ty, we built this thing called the smart route deviation alert. So we've collected billions of data points and millions of routes, and we know exactly where a truck's supposed to do. Like you talked Fernando, about the corridors that are in those corridors, you know exactly where they're supposed to the truck's supposed to go. But if it deviates from that route, we automatically know that there is a deviation and we send an alert and customer is able to act and see why it's happening. Then there's a light alert in these trackers. So if somebody opened the truck, you'll be able to send see a light alert. Then on top of that, on the trailer, customers, what they do is they place a seal. So if the seal gets cut, we'll be able to get notified before even the trailer is open. And if the trail is open, there's a light alert. If there's a deviation, if a truck stops for 30 minutes, for 45 minutes, and they're not supposed to stop, especially when they leave the area. Sometimes most thefts happen within 200 miles from the origin. There's, there's those alerts that we can set up for customers. There's risk zones so that they know then in these risk zone, they were not even first of all not supposed to enter and let alone stop on those zones. And then on top of that, by combining all these things together with a monitoring solution, which we provide 247 monitoring or customers have their own teams that actually monitor these shipments. Between that now you suddenly created multiple layers. And then we can continue to add more on top of that. But before even doing all of this, there is identity verification that we can do for customers. So when a shipment comes, when a truck comes in, a driver's there anything Fernando, you can share that a little bit on how we can able to detect whether the carrier is legit, where the driver is legit before we even let them take the load. So between all those, now you have a layered approach. So even if you missed the first layer, you got the second, you missed the second, you got the third, you missed the third, you got the fourth.
Scott Lewton
Tons of valuable redundancy and, but also tons of, of unique ways of monitoring exactly what's going on and get those time notifications whether Krinnar, you mentioned from, from the light alerts to the seal broken, the broken seal alerts to the deviation alerts on top of 247 monitoring. And Fernando, you know, clearly you and Tav have been collaborating for quite some time. When you think of the automation and the AI features in tav, maybe some things that Krinnar spoke to and didn't speak to that you use on your shipments. What's important for folks to understand?
Fernando Boom
Scott, TIVE sits in our fourth of six governance layer for venture maps. For us, it comes down to visibility that we can actually act on rerun tie for real time in transit telemetry, light sensors, route deviations, alerts and GPSs. Just like Kunar was was suggesting. We know exactly where our loads are, what's happening throughout the life cycle of that shipment. The piece that matters most to us is that we can act fast on anomaly detection. That moment sometimes deviates and I'm alerted when those loads still moving, not in postmortem after the loss. We know in real time when something is happening. If a door is open, light comes in, enters in, we get an alert immediately. If the route deviates, we get an alert and we act accordingly. That window being able to respond mid transit instead of just filing a claim afterwards is the whole game. It's our last fail safe layer and the reason why we're here today.
Scott Lewton
I think so too. And we're going to shed some more light on that in just a second. So here's an alert for y' all folks.
Scott DeGroote
All right.
Scott Lewton
So Scott, we just heard a lot of modern, what I'll call modern day approaches, technology driven approaches that are really effective at countering this incredible increase right between what Krenar and Fernanda both shared. What'd you hear there, Scott?
Scott DeGroote
Yeah, I learned a lot, you know, and certainly I kind of had an expectation that this would be mostly about route variance detection. Like we know to go from A to B, this is the route or maybe that route. So I kind of was expecting that. But I love the fact that, okay, if the Door is open. Well, we can see that, too. This idea of extended stops, like, hey, what are you doing on this part of this city that you shouldn't be in? You know, that's.
Scott Lewton
That's very interesting.
Scott DeGroote
You know, drivers. Drivers are people, too. So this idea of layered protection is very, very interesting and I think very practical when it comes to fighting against the criminals.
Scott Lewton
Well, I do, too. And. And all in real time, which is really important. Very important. And, Scott, really quick clarification. I mean, when you. You spent 38 years leading logistics and distribution and planning, so you know firsthand some of the risks that Krenar and Fernando are both speaking to, right?
Scott DeGroote
Yeah, I do. And, you know, I think Canar put
Fernando Boom
it well, in the old days, it
Scott DeGroote
was just, you know, put on spotlights in your yard and. And make sure you have the right kind of seals. Nowadays, it's. You have to be much more sophisticated than that. And. And I also appreciate the fact that we are in a battle in some degree to make sure that we know in real time. Because after the fact, it's fine for insurance, but doesn't save the freight. It doesn't save the shipment. We want to save the ship.
Scott Lewton
That's right. All right, so, Krinnar, before we prompt Fernando to tell us his firsthand experience that we're all waiting for, where he's basically the MacGyver of global supply chain. We're gonna get that. Is there anything else, Kar, you would like to share, especially in. In these countermeasures that folks can take? Kranar, before we get into this story?
Krenar Kimoni
Yeah, I think I mentioned all of them. I think the key is really to. It's. It's better to be prepared than not to be prepared. I think people think, oh, I'll deal with it some other time. I'll deal with it some other day. Until then, event happens. And then when the event happens, it's too late. Then everybody starts to hit us on inbound and call us, and, yes, we're going to help everybody, but I'd rather help them earlier before the fraud happens.
Scott Lewton
That's right. Good advice. What's that Benjamin Franklin phrase?
Krenar Kimoni
Don't leave the job of today, tomorrow.
Scott Lewton
That's a good one, too. I was thinking an ounce of prevention's worth a pound of cure. Kind of goes to the point you're talking about, too. But you gotta act now, folks, and we're gonna. We're on the other side of this great story from Fernando. We're going to share how you can take action today. So stay tuned on that. All right, Fernando Boone, you. I've been reading, you know, because your story's been published in a couple media pieces out there, very eloquently, by the way, and. And enlightening and amazing, really. Tell us. We're gonna break the story up in two halves, right? Let's start with the first half. So tell us what happened, what went down, what prompted you to take action? Tell us more, Fernando.
Fernando Boom
Okay, so this was on March 23rd, and I was actually driving home with my wife and my. Our preaching sons and our dog coming home from a family trip in Arkansas. We were Traveling southbound on 75, nearing
Krenar Kimoni
home, about 35, maybe 40 minutes away from home.
Fernando Boom
And I got a couple of phone calls from our logistics staff alerting us that there was a light alert on one of our outbound shipments from one of our locations in Will's Point. And that's really strange, because the level of light that occurred on that alert mirrored the light that was entering in when the load was being loaded. So instead of it being a small ambient light seeping through a crack, this was an actual event that the doors were opened. So that's number one. And this happened twice within five minutes from each other. So multiple different logistics staff started contacting me, and I then decided to open the application. I had my wife open the application. She was sitting in the passenger side, and she was. She was a little slow for me because she wasn't. She doesn't really. Sorry. Sorry, baby. She didn't really know the platform that I do. So I decided to just let her drive. I said, jessica, drive. And I told Jesus, take the wheel. Because she's a native Texan born with a lead foot. So she is.
Scott Lewton
I hope she's not for that. Really quick. Really quick. I want to make sure that folks know how big of a shipment this was. This was a shipment of copper.
Fernando Boom
That's right.
Scott Lewton
240 worth, I think. $240,000. Is that right, Fernando?
Fernando Boom
That's right. The load was $240,000 worth. That was the replacement cost of that material.
Scott DeGroote
Wow.
Scott Lewton
Okay. All right, so. So you're driving. Your wife is. Is working the. The application and whatnot, right? Pick it up from there, Fernando.
Fernando Boom
So, yeah, so I. I pulled over, let her drive, and I started. I opened the application correctly, and I looked at all the alerts, and this load was intended to be shipping from Wils Point to East Alton, Illinois, into a known copper corridor. The pings they gave the alerts that it was open shortly after it was loaded maybe by 20 minutes, 30 minutes after it was loaded, it was reopened. So at that point, I started following our. Our protocols and escalation processes, contacting the people that were touching this freight, whether it's the broker and the carrier that was on record that we had from the broker. And we were getting very conflicting information from what the carrier driver was stating to what telemetry was alertness to, which is a major red flag. So at that point, I just escalated to an active hijacking, asked the broker to contact his risk management team and alert all law enforcement authorities. And by the time I did that, the load broke the deviated route, what Colonel was suggesting, and he entered westbound instead of going north, northeast. He had no business going westbound past Dallas into towards California, basically. So then I decided to just drive northwest, try to intercept them myself, because I was closest. I wasn't intending on this happening. I was just in the right place at the right time.
Scott Lewton
Okay, and. And quick clarification. We wouldn't advise folks to take Fernando's no very fearless actions. All right, so, Kranar, I want to bring you back in because we heard a couple of things there that we meant that you'd mentioned earlier, that light alert, the route deviation alert, and right there at Fernando's fingertips, to the point, real time, to the point where he felt he could interdict the shipment. Comment on what we heard there, Kunar?
Krenar Kimoni
Yeah, I think one thing that I want to just make clear because. Because sometimes there's customer noise out there, and like, yes, our system, as Fernando alluded, does what it's supposed to do, right? There is a light alert. There is a deviation alert. But imagine if Fernando didn't take any action. He was like, his wife didn't open up the laptop. He didn't even look at the laptop. He didn't get an email. Nobody acted on it. So I think that's one thing that's very important. And I'm sure Fernando is going to talk about to be able to establish a team or have a monitoring team that's actually gotta take action on this. And now, in the future, obviously, with AI we're gonna take voice action with AI AI is gonna do. AI Agents are gonna follow up and a lot of these things, but just a light alert, just a router deviation. It doesn't do much unless there's actually action being taken. And I'm very excited to hear the rest of the story here, but I think just wanted to point that out, because some sometimes systems do what they're supposed to do, but Systems need to be interlinked on all the sops and processes that Fernanda talks about. And that's very important.
Scott Lewton
That's right. And we're going to get into what Paul, Paul Harvey famously said, the rest of the story in just a second. But Scott, weigh in on what we've heard thus far.
Scott DeGroote
Yeah, no, it's, it's a great story. I feel it's a little bit like a cliffhanger. I have to tune in for the second half here to see what happens. But I love it and this idea that action is required to change the, the trajectory of things. And I'm excited to hear the story.
Scott Lewton
I am too. All right, so Fernando, kind of where you stopped is you realize through those real time notifications that things weren't taking place as they should and you were very close. I think in reading the coverage, I think every time you relay information to the authorities that the truck had moved. So you had real time visibility and you are off to interdict this shipment of renegade copper. So pick back up on there, Fernando, and kind of tell us.
Podcast Host (Intro/Outro)
Curious about the latest trends in the world of freight dive into our exclusive coverage of the U.S. bank Freight Payment Index and U.S. bank's new quarterly rates edition. In partnership with the DAT Freight and Analytics, the index provides deep national and regional insights. The Rates Edition provides a unique marketplace view of freight rates. Visit freight.usbank.com to explore these quarterly reports and sign up for updates. For a dynamic take on this information and to learn what's happening now in the business world, subscribe to Supply chain now on YouTube, YouTube or wherever you get your podcasts
Fernando Boom
best so sure as we were traveling behind, we were tailing him about 25 minutes out from the truck from the last ping of the telemetry. And during that time I was coordinating with multiple different law enforcement entities. As the truck was crossing counties, I had to be redispatched different county authorities because of jurisdiction problems. So we ended up finally catching him at Wichita Falls, Texas Love Trucks Truck stop, the Wichita Police Department. Kudos to them. I cannot sing their praises enough for responding and acting. All of them for that matter. Even the dispatcher that was handling our phone call, they intercepted the carrier based on the information that I gave those officers, the truck license plates and the trailer numbers and all the information that we had during our dark level verification processes that we did capture. And I arrived 12 minutes later. After that, once I arrived, I spoke with officers on scene. The supervisor came out, we gave them all the evidence that we had and all the telemetry up pains that we were seeing and we actually saw that this carrier or this driver was able to bypass the seal, the bolt seal that we placed on the locking mechanism because the locking mechanism was not a traditional rivet. It was a inverted bolt screw pattern where you can just remove the nut from the outside and remove the actual locking mechanism from the door with the bolt intact and gain access to the door. He didn't realize that we did have over tracking in there that alerted us all of these different points of, of visibility. So this was really one of our saving grades for the last resort that we had on this layer. Ultimately the driver was, was arrested and he was charged with first degree felony cargo theft. Over 200,000 and the load was impounded, the truck was impounded, we got, we recovered our material and we are now waiting trial. So it was a success story. One I never want to repeat again
Scott Lewton
though, the shipment, I mean Scott, you mentioned earlier, we want to save the shipment. And in this case, I mean can you imagine if this is all traditional, you know, how we did it in the 80s or whatever decade we want to pick on, that thing would have been long gone. Right. And then the only action we could have take place is like post, post theft litigation, which is, can be very, very challenging. Kranar, on the second half of the story, he shared a couple of things I think is really important. What else would you like folks to really understand from Fernando's story?
Krenar Kimoni
I, I mean Fernando was very courageous here and obvious. Like obviously this truck was close by and he took that action. But obviously I think Fernando, you probably would say things, this is not something we would recommend to anybody to do. But I think being close, being in the moment, totally understand what, what you did. And then him stopping at the truck stop made sense. But the law enforcement is key here. And working closely with law enforcement and then being there and when you showed up, they were already there 10, 12 minutes earlier and they were able to trust the data. You showed them the data, you understood what was happening and then all those facts obviously then checked out. I think that's the biggest, the biggest lesson here is work closely, don't. Yes, potentially, what for now. But you cannot be the hero all the way to the end. Law enforcement needs to take that. And that's I think the key because $200,000, they're definitely important, but life is more important than anything else. And I think Fernando, the steps you took are definitely the right ones there. And I'm glad that this resulted the way it resulted. In the data that you got from Ty was something that you trusted and law enforcement finally trusted to act on.
Scott Lewton
Well, and I'll pick up where you left off there, KRANAR, Because Scott DeGroote, way back when I was a young married couple, before our kids came along, we lived in Atlanta and my Honda Accord was stolen and it wasn't quite worth 20th of what the copper load here was worth. But we called the authorities and of course, we had no information to give them, much less real time information. And I can't stress enough that the information that Fernando was able to have at his fingertips to provide the authorities that took Renard's point, they have to be the ones to, you know, really intervene and, and capture the. The bad guys, so to speak. That's. That's a key takeaway from the story for me at least. Scott, weigh in on what you heard there from Fernando.
Scott DeGroote
Yeah, no, I agree with you and Fernando, glad you're safe, mate. And agree with Canar and Scott, like, don't take law into your own hands, generally speaking. But you had data, right? And you trusted the information. The information helped directed police activity. And Scott Lewton, I will tell you, I had an accident in my vehicle and the driver left, hit my vehicle and then left, you know, filed a police report and all that. But that's a lot of. You have to have the data. And I think what Kinar and the TIVE team are providing for us is verifiable, multi layered data that we can use to take action or hand over to the authorities to take action. That's amazing.
Scott Lewton
We've got to be able to empower our team members to save the shipment. Right. And the power here is the real time information on a variety of levels and channels that we were describing earlier. And Krinar, I want to ask you about this. The driver behavior is obviously with deviation alerts is one example of how we're monitoring driver behavior. Anything else you want to add Krinnar to that question?
Krenar Kimoni
From our vantage point, there's many other ways that driver behavior is monitored. Like, but the. From our vantage point is the identification in the beginning and then deviation. But if you are a carrier, there's a lot of technologies that carriers can actually utilize for that. So there's cameras that are dash cams that monitor the outside and how they're driving. And also the inside is the driver now suddenly texting while driving. And then they can alert like buzzes and splashes like, hey, stop texting while you're driving. You can be on A call, but you cannot be texting. So there's a lot of ways to do that. And I think some carriers have actually implemented technologies like that. And finding carriers like that is sometimes difficult. But maybe one way to mitigate these things is make sure that these carriers have that tech.
Scott Lewton
That's excellent advice, Kronar. Excellent advice. You know, drivers listening to the music too loud, turn that radio down, all kinds of alerts. Scott, really quick, before I get advice from Fernando and Kranar, you know, Kranar is kind of speaking a little bit to carrier selection, right. Because there's, there's all sorts of different questions and, and that we need to be posing to our carrier partners or old and new. Your quick thoughts there, Scott?
Scott DeGroote
Well, yeah, I would just highlight the fact that what we're talking about is on top of what is a very dynamic and now expensive freight market. Fuel surging surcharges of spot rates have gone up substantially. Three, almost $4amile. And the Supreme Court is ruling on litigation that now makes brokers and broker safety checks more important. So I think it's a very dynamic marketplace and one hassle you do not need is your freight being stolen. So at least one piece of this puzzle you can help, can help fix by taking some of the steps we're talking about here today.
Scott Lewton
That's right, Scott.
Scott DeGroote
All right.
Scott Lewton
So Fernando, again, we're so delighted and relieved that you and your family safe and sound. But still the story is remarkable. It really is. I'm sure the Venture Metals team is very proud of, of your brave actions and of course, the results too. But Fernando, given everything we've packed unpacked here today, both the industry perspective, some of the, some of the observations Kronar was sharing to some of the technology that is now at our fingertips of, you know, where organizations can lean into that and do business like it's 2026 versus 1986 to the story itself, what would you recommend that supply chain leaders do today to secure their organizations and of course, our cargo?
Fernando Boom
Okay, so I can tell you what is working for Venture Metals. I believe that a layered approach, just like everyone here is suggesting is the correct approach. Our adversaries are using very sophisticated knowledge of the industry workflows. The tactics that they're using are easily identifiable, but the way that they're using it is with their sophistication lies the information is being intercepted upstream where the goal is the cargo, but the target is the information. And the attack lies with the weakest link, those carriers and brokers that have weak processes and don't have the sophisticated educational training on spoofing URLs or other cyber theft practices that our adversaries are using. We have developed a six layered system for venture metals that starts upstream with verification and validation from the carrier and broker level to deterministic doc level validation at our docs to communication and ultimately escalation and response. Third party task force with law enforcement connections so that we don't have to perform these heroics. It's not sustainable and it's not scalable. The recovery was real, it was a real win, but prevention is the real goal.
Scott Lewton
Fernando, that is very practical advice there and I really appreciate the where you ended your comments there because it's not, you know, we can't put the cape on and and save shipment after shipment in the manner you did. That isn't sustainable. And also I want to point out the folks, Fernando's not telling you stuff that he thinks he's telling you stuff that he knows because clearly the venture metals organization does not take this lightly. All right, so Kranar, same question and then we'll get Scott's comments. What would you recommend that the actions supply chain leaders should take out there based on today's conversation?
Krenar Kimoni
I mean I'm not going to reiterate all the things that Fernando said, but I would say I 100% agree with what Fernando is saying there. It's a layered approach and just start with one layer and build that, write it down, understand exactly the processes that are going into your supply chain and how your loads actually move from where you are and where it needs to go. As Fernando said there, this is not a one person show. It's a chain of folks and a chain of companies that are moving this load and make sure that wherever that start with the weakest link, work on that, then the next weakest link, then the next weakest link, add those layers that we've talked about. That's the best thing you can do. But looking at the weakest links is key because no matter how much you add if that weakest link, that broker of that carrier is hacked, they don't have protection. They don't know that there's stuff happening. You're directly just faced with that.
Scott DeGroote
Yep.
Scott Lewton
And I would just add to that there's an old 1980s commercial that would come on regularly and then kind of riffing on that if you don't get your cargo security from Todd, get your cargo security from somewhere because the threat is very real. Now Scott, again I want to reference all of your time in the what CPG or or do it yourself industry. So they really talk in your language. In terms of threats that you saw throughout your career. In light of what Fernando and Kranar is recommending to our the smartest audience of global supply chain, what recommendation would you have? Scott?
Scott DeGroote
Yeah, I would add and build on what they said. Number one, if you're a shipper or a carrier, make sure that you're not ignoring these problems or you feel like your contracts have you covered or you have the right liability or insurance protection in place. Don't assume that go back and do a check. Number two, make sure that you are implementing some sort of layered approach in all the ways that were just articulated. Number three, build into your relationships with your carriers and your brokers or the use asset carriers. You know what is the impact and have dialogue about this because you know your insurance or their insurance and their driver pay and all these things will be tied up in if someone has to pay these bills. And so let's have collaborative relationships with some of the carriers and brokers out there so we can jointly solve these problems, including taking the steps of multi layer security that Ginar and Fernando have been talking about today. You owe it to yourselves to do that.
Scott Lewton
That's right. You owe it to yourselves or your customers, your suppliers, your ecosystem, especially your team members. All right, so we got some good practical advice from the three of y' all there. And folks, if you're curious, we were talking about what crime pays, I guess when the bad actors get away but when they get caught. If you're curious about what the driver is charged with, there's a great transport topics write up on this on Fernando's story and looks like the driver was charged with a first degree felony of cargo theft above 200,000 and get this, it's punishable from five to 99 years or even life imprisonment. How about that? Serious business. Serious business. Okay, so Krinnar, again you, this is one example, one organization, one sector that you work with. You work across sectors especially high value goods which we're going to touch on in just a second. If folks want to start working with time today and talk about, you know, that first layer that you and Scott both spoke to. How easy is that? What would you suggest?
Krenar Kimoni
Granar Yeah, I just want to say something. You're right, this was one sector, one. But just I have it here just on a few days ago, May 31st we saved a million dollar load for a very large retailer because of the the GPS showing that it was stopped for a long time at a place where we're not supposed to be stopped and law enforcement and saved a million dollar load. Then I have a little bit of a sad one recently. Then this was just, I think yesterday morning where this customer didn't turn around. Deviation alert. They got the light alerts but when they went there, the load was already gone. And we could have easily detected few hours earlier or an hour earlier before the route deviation was on if they had enabled it. This was customer that didn't expect theft at all. So now they're expecting this and this is something that they're going to continue to actively monitor. But there's cases where customers come in and join tive not because of theft and then theft happens like in this case and then there's customers that join because of theft. So I would say Please reach out tive.com you can easily reach out there. You can Find us on LinkedIn. But the website is the easiest. And do it before anything bad happens.
Scott Lewton
That's right, do it. Act now, folks. Kranar, can we trust that you'll be bringing those stories, especially that million dollar shipment to supply chain now in the weeks ahead? Maybe that'd be terrific.
Krenar Kimoni
It's a very big retailer. I don't know if they would.
Scott DeGroote
Yes, maybe.
Scott Lewton
We'll see, we'll work on it. But Fernando, I'll tell you, I'm glad we saved it. Yes, well, no doubt. And I can't wait to learn more.
Krenar Kimoni
Fernando. Thank you, Matt, for sharing the story. I just really commend you.
Fernando Boom
Thank you for partnering with me, Canara. Without your device, it would have been gone, man.
Scott Lewton
The stakes are real, folks. Stakes are real. Well, Fernando, it's, it's remarkable what you've shared here today. It really is. And, and you know, between reading the story and hearing you describe it, I can almost see it in my brain. And, and the, you know, the steps you took was just as remarkable. And, and you know folks, the information, real time information on a variety of channels, variety of levels. So you can, you know, even if you don't want to pull your inner MacGyver like Fernando, did you provide it to the authorities? So we save each and every shipment like whether it's a million dollars, whether it's 20,000.
Podcast Host (Intro/Outro)
Right.
Scott Lewton
All right, so Scott, I'm about to ask your patent key takeaway after I share a couple resources and we also make sure folks know how to connect with Fernando and Kranar. But first I want to share those resources that we mentioned earlier, folks. High value Goods. Right. There's so many things that we ship, as we all know. But we invite you to check out a library of resources from our friends at TAV that will help you better understand how you can protect your high value goods. Amongst information, you're going to find some compelling use cases from industry as well. So go check that out. You're one click away. And also Kranar mentioned the TIVE website. There's lots of different resources and perspectives, tools, you name it, go check that out. You're gonna be able to learn how TOV can help you actively manage your shipments in real time, as we've been really stressing here today across road, rail, air and ocean. And really that's just the tip of the iceberg again. Learn more@tav.com and one last thing before we get Scott's pateki Tiquit. If you're curious about Venture Metals and Fernando's organization and possibly how you might work with his team, go connect with Kelly Fairchild. And I know Kelly would be more than happy to tell you about the services that they offer in a critical industry. So, Scott, before we make sure we know how to connect with Fernando and Kranar, you've got the toughest question because we've gotten some actionable, some invigorating, some amazing perspective here today. What is your patent and key takeaway here today?
Scott DeGroote
Scott, it's a great story and that is do not assume that you're safe or that you're covered or that you're one step ahead of the bad actors because they are working to defeat every day all the defenses you put up. So don't make an assumption. Don't assume that it's happening in some faraway place. It's likely happening on your freight, in your lanes, and you need to take some action so that you can prevent yourself from being in this movie script.
Scott Lewton
Scott, that's good. That's good. And I just want to take one thing you shared and really spike the football on it. You know, Kranar, Fernando and Scott, I met a couple years ago with a, an attorney that has been a part of hundreds of ransom discussions, negotiations with a lot of cyber bad actors. And one of the biggest things that he stressed g based on all his experience was until we realize and kind of, Scott, you're talking about the assumptions, we got a challenge. Until we realize as industry that these bad actors, it's not like a, a once here, an hour here, an hour there. They think about 247 how to penetrate the weakest spots in our supply chain ecosystems until we realize it's. It's a job for them. It is a passionate mission that they're on. We will always be less than safe. So folks, take. Take what you heard here from Scott and Fernando and Kranar and take action. Krinnar Kimoni. How can folks connect with you, my friend, and with our friends@tav as tive.com on LinkedIn.
Krenar Kimoni
You can find us. You can find me on LinkedIn. Feel free to message me. That's it.
Scott Lewton
It's just that very straightforward. Very straightforward. Just like you always are to the point, Fernando Boom. And you notice, Fernando, I just want to point this out. I've made it a whole hour with no ABBA joke. No ABBA joke at all.
Fernando Boom
Is this the ABBA joke? Is it?
Scott Lewton
Every time I said Fernando, I think of the abitude but hey, Fernando Boom Again, thank you for taking time out of your busy schedule to come share your perspective and your story here today. How can folks connect with you in venture metals?
Scott DeGroote
You gave it up.
Fernando Boom
Kelly Fairchild, she's our VP of marketing. You can connect with her for anything venture metals related can be found on LinkedIn. Just as like, like Kranar said, look me up.
Scott Lewton
Outstanding. Outstanding. I really appreciate that. All right, so Fernando Boom, director of Transportation Adventure Metals, Kranar Kimoni, founder and CEO at TAV. Scott DeGroote, always a pleasure. Thanks to our entire panel for being here today. Big thanks to our global audience for tuning in. I bet y' all have a million questions too. Hey, reach out to our panel. They enjoy, especially Krenar who sees this across industries. Reach out. Tee up a conversation. Whatever you do, take action because the risk is real. I hope you all enjoyed the conversation today. You know the homework we had so much actual perspective. Take one thing that Fernando or Canara or Scott shared here today. Do something with it. Right? And with all that said. These not words, folks. With all that said, on behalf of the whole supply Chain now team Scott Luden challenge you do good, give forward, be the change that's needed. And we'll see you next time right back here on Supply Chain Now. Thanks everybody.
Scott DeGroote
Join the Supply Chain now community.
Scott Lewton
For more supply chain perspectives, news and innovation, check out supply chain now.com subscribe to Supply Chain now on YouTube and
Scott DeGroote
follow and listen to Supply Chain now wherever you get your podcasts.
Podcast Host (Intro/Outro)
Foreign. Curious about the latest trends in the world of freight? Dive into our exclusive coverage of the U.S. bank Freight Payment Index and U.S. bank's new quarterly rates edition in partnership with DAT Freight Analytics. The Index provides deep national and regional insights. The Rates Edition provides a unique marketplace view of freight rates. Visit Freight usbank.com to explore these quarterly reports and sign up for updates. For a dynamic take on this information and to learn what's happening now in the business world, subscribe to Supply chain now on YouTube or wherever you get your podcasts.
Episode: A $240K Shipment Saved: Venture Metals’ Real-Time Rescue
Date: June 22, 2026
Featured Guests:
This episode spotlights a dramatic, real-world incident of attempted cargo theft involving a $240,000 copper shipment – and how a multi-layered, tech-enabled approach saved it in real time. Joined by transportation leader Fernando Boom and Tive CEO Krenar Kimoni, the Supply Chain Now team explores the evolving landscape of freight crime, the rise of identity-based theft, actionable response frameworks, and the power of real-time data to safeguard high-value goods. The conversation also yields practical advice for organizations seeking to modernize security and avoid catastrophic losses.
Traditional freight theft (bolt cutters, hijackings) has given way to increasingly sophisticated tactics, often involving identity fraud and technology.
“The threat has shifted. It’s from physical to identity based. It’s no longer bolt cutters in a yard...it’s full fema...impersonated broker carriers, loads quietly diverting in transit using stolen identities.”
– Fernando Boom [00:45] & [16:45]
Methods include chameleon carriers, double brokering, fraudulent acquisition of MC numbers, and warehouse-level deception.
“You have chameleon carriers…double brokering…fraudulent MC holders…criminals go and buy potentially an MC number from somebody, become a ‘legit’ carrier, and just pick up the load and steal it.”
– Krenar Kimoni [11:59]
[10:32] Scott DeGroote underscores the financial stakes and the arms race between increasingly tech-enabled criminals and defenders.
“The same tech the good actors have, bad actors have too” – highlighting the need for defenders to keep pace.
Tive’s technology leverages multi-layered, real-time monitoring (GPS, route deviation, light sensors, seal breach alerts, 24/7 monitoring).
“We built this thing called the smart route deviation alert...if [the truck] deviates, we send an alert and customers can act. Plus, light alerts, seal breach alerts, and risk zone monitoring.”
– Krenar Kimoni [18:09]
“For us, it comes down to visibility that we can actually act on…we know in real time when something is happening.”
– Fernando Boom [21:26]
The importance of layering: Each extra surveillance or verification step increases odds the theft attempt is caught in time.
Memorable Moment:
“I decided to just drive northwest, try to intercept them myself, because I was closest. I wasn't intending on this happening, I was just in the right place at the right time.”
– Fernando Boom [28:00]
"The information helped direct police activity. You have to have the data."
– Scott DeGroote [37:23]
“A layered approach…is the correct approach. Our adversaries use sophisticated knowledge…and the weakest link is often carriers/brokers with weak processes.”
– Fernando Boom [41:18]
“Don’t think, ‘I’ll deal with it some other time.’ When the event happens, it’s too late.”
– Krenar Kimoni [24:42]
“Do not assume that you're safe or one step ahead of the bad actors. They're working 24/7 to defeat your defenses.”
– Scott DeGroote [51:10]
On the Threat:
On the Tech:
On Action:
On Leadership:
On Industry Advice:
“Don’t leave the job of today, tomorrow… an ounce of prevention’s worth a pound of cure.”
— Both the podcast’s guests and hosts emphasize urgent, proactive vigilance.
Take action! Review your processes, build layers, and don’t assume you’re immune—because today’s criminals are watching, too.