← Freight Broker Fraud

The State of Freight Broker Fraud

Freight fraud costs carriers an estimated $35 billion a year, and owner-operators absorb the worst of it. LoadWyse continuously monitors the FMCSA broker registry — here's what the public record looks like right now, and how to protect yourself before you book a load.

Live from the LoadWyse broker registry
136,439
Freight brokers monitored
FMCSA-registered brokers and freight forwarders in our database.
615
Brokers with REVOKED authority
0.5% of all brokers — roughly 1 in 222. Booking one is a fraud red flag.
104,772
Missing the required $75k bond
Legally required to carry a BMC-84 bond with none on file — 76.8% of the registry.
110,288
Brokers with inactive authority
80.8% are inactive — not currently authorized to broker freight.

Sourced from the FMCSA Licensing & Insurance snapshot, refreshed on our regular import. A broker's status can change at any time — always verify the specific broker before you haul.

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Why broker fraud keeps rising

Double brokering, identity/phone spoofing, and fake load posting have surged as freight volumes and thin margins push more actors into the market. The Transportation Intermediaries Association's Watchdog program has tracked a sharp year-over-year rise in reported fraud, and the FMCSA now maintains a dedicated broker- and carrier-fraud reporting channel. The common thread: almost every scam leaves a trace in public FMCSA records — revoked authority, a missing bond, brand-new authority, or a phone number that doesn't match the filed record.

If you get burned, report it to the FMCSA National Consumer Complaint Database — it's the official broker-fraud complaint hub, and every report makes the pattern harder to hide.

How LoadWyse tracks this

We ingest the FMCSA Licensing & Insurance broker registry, score each broker's authority status, bond, and authority age, and layer in community fraud flags and driver reviews. The aggregate numbers above update as the underlying FMCSA record does. Learn more in our complete guide to freight broker fraud and how to verify a broker step by step.

Data is informational only and sourced from public FMCSA records. It is not a guarantee of any broker's legitimacy. Always verify at safer.fmcsa.dot.gov before accepting a load.