$80M Cargo Theft Ring Busted in LA | FreightWaves Morning Minute May 22, 2025
Federal agents dismantled a massive Armenian crime ring operating out of Los Angeles, arresting 13 gang members linked to fraud, kidnapping, and over $80 million in cargo theft. The rival gangs used Amazon’s carrier platform to steal shipments during a 3-year feud.
In today’s FreightWaves Morning Minute, host Kaylee Nix also covers:
🚚 A Wisconsin carrier’s bankruptcy filing
📦 Mail fraud crackdown against logistics companies using fake USPS labels
📊 What’s coming up on FreightWaves TV — new episodes of Freightonomics and The Long Haul
📍 Don’t miss recaps of yesterday’s Domestic Supply Chain Summit and register now for our upcoming Freight AI Symposium in Washington, DC:
👉 https://live.freightwaves.com
📺 Subscribe for daily freight market insights and breaking logistics news.
#FreightNews #CargoTheft #LogisticsFraud #FreightWaves #SupplyChain #TruckingNews #Bankruptcy #USPSFraud #FreightCrime #Freightonomics #TheLongHaul #ACTExpo #TransportationNews#trucking #logistics #news
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FreightWaves
FreightWaves is a price reporting agency (PRA) focused on the global freight market and the leading provider of high-frequency data for the global supply chain. FreightWaves’ price, demand, and capacity data allow customers to benchmark, analyze, monitor, and forecast the global physical economy. Without logistics, the supply chains that keep...
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