MODE Global Forges Alliance with Highway to Combat Fraud

MODE Global Forges Alliance with Highway to Combat Fraud

MODE Global, a prominent name in logistics, has embarked on a significant partnership with Highway, a leading provider of Carrier Identity® and fraud prevention solutions. This partnership seeks to strengthen MODE Global's security measures and boost operational efficiency, targeting enhanced integrity within its carrier network.

Streamlining Operations through Partnership

The collaboration between MODE Global and Highway comes as a response to the increasing challenge of fraud within the logistics sector. This growing threat necessitates the use of innovative tools and methods to ensure safer operations. By engaging Highway's advanced fraud prevention tools along with its robust carrier sourcing capabilities, MODE Global aims to enhance the integrity of its network and smartly expand its carrier base.

Improving Risk Mitigation

“Given the rising instances of fraud in our industry, we are thrilled to announce our new partnership with Highway,” said Lance Malesh, president and CEO of MODE Global. “This alliance will perfect the carrier sourcing and vetting components of our technology ecosystem by integrating the best providers in the logistics field.”

This partnership is set to enhance MODE Global’s carrier onboarding process by leveraging Highway’s centralized platform. This platform provides actionable data and fosters improved communication and efficient collaboration, helping MODE Global to mitigate risks more effectively while enhancing access to often underutilized carrier capacity.

Enhanced Security Measures for Customers

Through this strategic collaboration, customers of MODE Global will experience improved security for their shipments. The heightened visibility during the onboarding process for carriers allows for greater scrutiny, significantly reducing the risk of fraudulent activities.

Innovative Load Lock Functionality

The 'Load Lock' feature from Highway presents an additional layer of protection. This innovative tool enables real-time identification of fraudulent actors during the load booking phase, designed specifically to combat the rising tide of fraud in logistics. Bo Carlton, senior vice president of customer success at Highway, expressed enthusiasm for the collaboration, stating, “Addressing issues of fraud and ensuring network integrity are paramount. We’re excited to partner with MODE Global to create a safer, more efficient environment for our carriers, agents, and customers.”

Optimizing Carrier Sourcing Efforts

For agents and operators, Highway’s unique sourcing tools provide invaluable insights into potential carrier partnerships outside MODE's existing network. This strategic approach not only ensures proper carrier selection but also actively reduces risks associated with transportation and ultimately enhances operational efficiency, safeguarding customer freight and optimizing costs.

Additionally, Highway has already proven its effectiveness by uncovering fraudulent carriers that eluded MODE's previous fraud prevention protocols. These critical insights allow MODE Global to proactively block unauthorized carriers, thereby maintaining the integrity of its network and mitigating potential risks.

About MODE Global

MODE Global stands as a multi-billion dollar logistics firm, boasting a multi-brand platform and recognition as one of the leading logistics companies worldwide. As the eighth-largest truckload freight brokerage and the top non-asset intermodal provider, MODE Global's legacy encompasses over three decades of logistics excellence. The company caters to over 10,000 customers across various markets, supported by more than 100,000 carriers and agents across North America.

About Highway

Highway specializes in innovative solutions that aid freight brokers in enhancing their operational efficiency. Its technology is designed to empower logistics professionals to combat fraud effectively while improving the booking experience. Highway promotes a performing standard driven by transparency and trust, providing brokers with the necessary tools for seamless, secure operations.

Frequently Asked Questions

What is the purpose of the partnership between MODE Global and Highway?

The partnership aims to enhance fraud prevention capabilities and improve operational efficiency in MODE Global's logistics network.

How will this partnership affect MODE Global's customers?

Customers will benefit from increased security measures during the carrier onboarding process, resulting in safer shipments.

What innovative feature does Highway offer to combat fraud?

Highway's 'Load Lock' functionality helps identify fraudulent activities in real-time during the load booking process.

What does MODE Global specialize in?

MODE Global is a leading logistics company, specializing in truckload freight brokerage and intermodal services.

What is the significance of Highway's Carrier Identity solutions?

Highway’s Carrier Identity solutions assist freight brokers in efficiently selecting the right carriers and minimizing fraud risk, ensuring safety and reliability in logistics operations.

About The Author

Hello, I'm Thomas Cooper, a financial expert and writer passionate about helping people understand and navigate the financial world. Having a solid financial background and a lot of experience, my area of expertise is simplifying difficult financial ideas into useful, understandable guidance. My goal with my writings and blog entries is to provide you the information and resources you need to make wise financial choices.

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