Fraud Prevention-Focused Highway Leads FreightTech 25
Thursday, Nov 21, 2024 6:29 pm ET
4min read In the rapidly evolving world of freight technology, one company has emerged as a leader in fraud prevention and carrier onboarding: Highway. As the overall winner of the 2025 FreightTech 25 awards, Highway's innovative approach to carrier identity management has set it apart from traditional methods, making it a game-changer in the freight industry.
Highway's success can be attributed to its groundbreaking Identity Engine technology, which automates and enhances carrier verification processes. Unlike traditional methods that rely on manual checks and limited data sources, the Identity Engine leverages advanced data analytics and machine learning algorithms to rigorously verify carrier identities, minimizing fraud risks and bolstering overall reliability and compliance. This cutting-edge approach enables Highway to identify suspicious carriers and prevent double-brokering, ensuring that every carrier in its network meets rigorous compliance standards.
Highway's partnership with TriumphPay has significantly bolstered fraud prevention and streamlined carrier onboarding. By integrating Highway's carrier identity management technology with TriumphPay's payment processing platform, the collaboration has enabled customers to detect and mitigate fraudulent activities, such as double-brokering. This integration combines the strengths of both companies, providing a comprehensive solution for enhancing payment experiences and streamlining back-office operations.
Highway's integration with WireBee has also improved call management and fraud prevention for freight brokers. By leveraging Highway's Carrier Identity™ solutions, WireBee users can now screen calls in real-time based on specific compliance preferences. This allows brokers to automatically route, block, or prioritize calls from carriers that meet their onboarding criteria, accelerating the onboarding process and ensuring they connect with trusted carriers. This real-time capability has not only streamlined operations but also bolstered WireBee's platform by addressing the prevalent fraud problem in the transportation landscape.
Highway's Lane Certainty™ geospatial algorithm plays a pivotal role in its success by efficiently matching carriers with ideal capacity in desired lanes. This algorithm analyzes millions of carrier data points, considering factors like fleet size, equipment type, and historical performance. By leveraging geospatial data, it can identify carriers best suited for specific lanes, optimizing capacity utilization and reducing empty miles. This precision in matching carriers with appropriate loads not only enhances operational efficiency but also contributes to Highway's fraud prevention efforts by minimizing the risk of double-brokering and other fraudulent activities.
In conclusion, Highway's innovative approach to fraud prevention and carrier onboarding has positioned it as a leader in the freight technology industry. Its Identity Engine technology, partnerships with TriumphPay and WireBee, and Lane Certainty™ geospatial algorithm have all contributed to its success. As the overall winner of the 2025 FreightTech 25 awards, Highway continues to set the standard for fraud prevention and carrier onboarding in the freight industry. Investors looking for stable, predictable growth in the tech sector should consider Highway as a strong contender in their portfolios.
Highway's success can be attributed to its groundbreaking Identity Engine technology, which automates and enhances carrier verification processes. Unlike traditional methods that rely on manual checks and limited data sources, the Identity Engine leverages advanced data analytics and machine learning algorithms to rigorously verify carrier identities, minimizing fraud risks and bolstering overall reliability and compliance. This cutting-edge approach enables Highway to identify suspicious carriers and prevent double-brokering, ensuring that every carrier in its network meets rigorous compliance standards.
Highway's partnership with TriumphPay has significantly bolstered fraud prevention and streamlined carrier onboarding. By integrating Highway's carrier identity management technology with TriumphPay's payment processing platform, the collaboration has enabled customers to detect and mitigate fraudulent activities, such as double-brokering. This integration combines the strengths of both companies, providing a comprehensive solution for enhancing payment experiences and streamlining back-office operations.
Highway's integration with WireBee has also improved call management and fraud prevention for freight brokers. By leveraging Highway's Carrier Identity™ solutions, WireBee users can now screen calls in real-time based on specific compliance preferences. This allows brokers to automatically route, block, or prioritize calls from carriers that meet their onboarding criteria, accelerating the onboarding process and ensuring they connect with trusted carriers. This real-time capability has not only streamlined operations but also bolstered WireBee's platform by addressing the prevalent fraud problem in the transportation landscape.
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Highway's Lane Certainty™ geospatial algorithm plays a pivotal role in its success by efficiently matching carriers with ideal capacity in desired lanes. This algorithm analyzes millions of carrier data points, considering factors like fleet size, equipment type, and historical performance. By leveraging geospatial data, it can identify carriers best suited for specific lanes, optimizing capacity utilization and reducing empty miles. This precision in matching carriers with appropriate loads not only enhances operational efficiency but also contributes to Highway's fraud prevention efforts by minimizing the risk of double-brokering and other fraudulent activities.
In conclusion, Highway's innovative approach to fraud prevention and carrier onboarding has positioned it as a leader in the freight technology industry. Its Identity Engine technology, partnerships with TriumphPay and WireBee, and Lane Certainty™ geospatial algorithm have all contributed to its success. As the overall winner of the 2025 FreightTech 25 awards, Highway continues to set the standard for fraud prevention and carrier onboarding in the freight industry. Investors looking for stable, predictable growth in the tech sector should consider Highway as a strong contender in their portfolios.
