Types of Frauds Prevention in Indian Transportation Business Industry

Frauds Prevention economy protection
Frauds Prevention economy protection
Frauds Prevention economy protection in India
Frauds Prevention economy protection in India

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Why Frauds Prevention Protection India ?

Transport in India has seen the largest growth than any other sector from last decade. Transport business is now worth millions and billions. With the growth and development of Transport industry in India there has been a significant increase in the fraud cases with different levels of ingenuity. Fraudsters are involved in scamming the companies. They might be present on any side of the two parties doing business.

Many frauds company workers are involved in such cases where they have the information about the paper work taking place between two parties. This often forces us to keep a sharp eye open for any possible dummy companies and other possible sources of such issues.

With tight profit margins, motor carriers and freight brokers have to move freight both economically and efficiently. Some transportation companies have resources to waste most trucking professionals, whether they own a trucking brokerage or a single truck, keep their operations lean.

Running a truck company is a stressful job. You have to make sure you are getting loads, delivering them to right destination and also making sure that load pays enough. There are some con-artists who will try to scam you, and it can really damper things.

Below we present you the five most common types of frauds in the trucking industry :

Fake Frauds Repair Shop :

Trucks and ODC trailers travels miles of distance during their journey from source to destination. It becomes necessary for them to get their vehicles properly checked and serviced during the journey. In this type of fraud the fraudster act as a repair shop employee who will be servicing your vehicle and you won’t think twice about the person. All what you care is that getting your vehicle serviced and get it back on the road and start making more money.

The fraudster will provide a vehicle number, license plate number, and a driver’s name. They will then demand for immediate payment or they will keep the truck.

Fake Frauds Towing that never occurred :

This fraud scheme is similar to the fake repair shop. In this scenario, scammers demand payment for a tow that never took place. This type of fraud is common for companies that have multiple drivers. The fraudsters might tell the dispatch that they never received payment, and they will keep the truck until payment is exchanged.

Load Board Scams :-

In this case, fraudsters check load boards to prey on truckers like vultures at their next meal. They steal any legitimate trucking company’s identity, and then use that information to book loads. They obtain the payment information using false claims. In this scenario the load is typically made hostage or we can say kidnapped. Some of them dump the load in a remote location in order to collect money as ransom.  This makes the situation worst for the owners. They don’t even know where their load is and will they get it back after paying ransom. On the other side customer is waiting for the goods to get delivered.

Drivers in Need :

In this case the scammer will wait around the truck stops to gather information about different trucking companies. Then they will target company of their choice with multiple drivers and they will act as one of the drivers themselves. Then they fraud driver will calls for help with company’s dispatch service to request money for fuel or a repair advance. Everybody will try to help out the drivers as he appears to be their fellow trucker.

Fake Government Officials Frauds :

Here the fraudster will pretend to be police officer or a transport department official and then he will demand some form of payment for your violation. You will get nervous and think everything happening is real. Your stomach is in knots, blood pressure through the roof, and you start thinking all the things that can go wrong.

Above all were some professional types of frauds mainly done with bigger goods transport vehicles like ODC Trailers.

Now as we are aware of the fraud that can occur anytime with anyone related to transportation industry we should also know the know the ways to avoid such frauds. Let’s have a brief look at the ways to avoid fraud :

  • Do not accept payment information or give payment information to an unknown person without verifying the customer’s identity and the billing address.
  • Before any transaction authorize it by voice.
  • Always get your documents signed by a customer so if someone tries to forge customer’s sign you can verify it.
  • Always have knowledge of what is going on in your surroundings.
  • Do not share your business information with any unknown person.
  • Always ask for a printed invoice form customers end which contains detailed listing of the customer’s information. The invoice should contain valid phone number and address.
  • Always contact you customers personally and verify the list of details like address, phone number and other information.
  • If you are a dispatcher, request a validation using information that is not visible on the truck like the DOT number, employee ID, or the driver’s name.
  • You should always have a close look on address and phone number changes for companies you have on file or you do regular business with.
  • Validate the incoming phone numbers and caller information against a public listing or that particular driver’s profile. Have a GPS installed on your trailer or trucks so that you can locate your trucks easily.
  • Never share payment information with the third party even if they are your family or friends.
  • Always be careful if someone tries to pressurize you for payments. Scammers mostly demand payment immediately.
  • If something sounds suspicious to you contact police immediately.

Trucking business is not an easy task. Truck owners have to go through very stressful situations in life. They have to look after the drivers. maintain trucks condition and even deal with this kind of fraudsters. Many transporters faces loss of money due to this which is non-refundable. Even government do not take any steps in this situation. They blame the owners and transporters for not conducting business with internal security

Packers and Movers Fraud :

The fraud is not limited up to the goods transport industry but also made its way into the daily transport system used by the people. Packers and movers fraud is one such example. Home shifting is a common thing nowadays with several families shifting from one place to another due to job transfers. It can be local shifting within the city or shifting from one state to another. This number is increasing daily. There are many cases in which fraud packers and movers have disappeared with the transport trucks packed with transporters goods.

Let’s have a look at how fraud companies work for fraud prevention :-

Attractive websites or online presence :

Fraud packers and movers companies have taken the advantage of internet boom and engage customers with attractive websites. Customers who don’t have proper knowledge may fall into their trap easily.

False Classified Listings :-

Even fraud companies pays money to classified sites to maintain their ranks higher in their listings.

Fake Promises :

Fraud packers and movers companies give attractive schemes to the customers which are completely false. These commitments are like giving free gifts after shifting the goods and they would deliver the consignment in very short time. But in reality after the goods are shipped they eventually disappear.

Lower Rates :-

To acquire customers these fraud companies quote very less charges than others.

Indirect Frauds :

This is the term which many of you won’t understand. This type of fraud is not with particular person and it cannot be seen directly. Through indirect we are referring the frauds done many online cab service providers, online travel agencies. We will explain this in details.

Many online cab service providers and travel agencies came to India with the purpose of doing business and providing jobs. Initially they made their customer base in the country by providing cheap services. Cab agencies lured unemployed person by offering them to buy cars at nominal rates initially and then driving to pick up and drop the passengers. They made big advertisements like people will earn 50,000 per month by driving cars. But now the situation is totally different. All cab drivers are struggling to earn money which can even satisfy the daily needs of their family. They are now forced to work as they have no choice left. They even have to pay EMI of the vehicle they bought for cabs. After the cab services, firms are now even planning big to provide bikes as vehicle to drop passengers to their destination. This idea will create a long term problems for India. Most of the unemployed educated people will drive into this kind of jobs and India will lack in skilled employees. You can also notice online food services are also picking up pace in India.

Even travel agencies also do the same monopoly. They allies with hotels and provide rooms at very cheap rates to customers. They take 20-25% of charges from the total amount. many cases have found this charge raised to 40%. They made a customer base in India and now most of the people prefer booking hotels online. So there is no choice left with hotel owners and they have to agree every terms and conditions of online travel agencies.

Government prejudice Impact Increase prejudice Frauds Prevention Cost India :-

Government of India played a major role in settling this kind of foreign firms in India. Government provided all the facilities to this firms for starting their business. Instead of favoring foreign firms, if they would have done something good for local business it would have been great for the country.

Reference By :- www.snappernews.com

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Frauds Prevention economy protection in India Public frequently asked questions (FAQs) :-

Frauds Prevention
Frauds Prevention
Frauds Prevention
Frauds Prevention

What effect does industry or industrialization have in common public life ?

The industrialization has a major impact on society and people have to look forward to some changes in the country. Based on the public interest in the industry, profits and employment go higher. It increased in urbanization and people moved to an urban center in search development. On-road transportation, certain development has been establishing towards society help. Economic developments also have taken in the industrial revolution. It brought up significant social changes among public interest on industrialization. Revolution has brought up to consider significant changes in road transport on industry sides. Workers get paid and take advantages in mass production of goods.

What and how many bad business impact of poor transportation service?

Due to poor transportation services, many businesses greatly affected. Shifting goods to consume place affected due to poor road transportation. It involves a huge number of things to keep in mind and production will below. For controlling this situation, poor transportation needs to overcome as quickly as possible. It increases sufficient roads in rural areas tend to increase production. For agriculture input and markets, road transportation is a must. So, poor transportation must solve by taking proper measurements. Especially in rural areas, transportation is important to carry out many things smoothly. So, the government has to take proper steps to avoid this misconception and do the best for promoting road transportation.

What is the Government of India policy best suited for doing business?

Recently, the Indian government led by Narendra Modi is focusing more on a broad world of an endless number of emerging startups. For achieving this, the Indian government is creating new opportunities and programs. They help companies in both nurturing and innovation. There are many initiatives taken by the Indian government to support new entrepreneurship. It also aims to foster the civilization of creativity among Indian youngsters. With an exceptional and huge statistic benefit, India can raise and improve business individually and make the occupations for the benefit of this nation and also the world. Every step is taken to enable the prosperity and growth of the country.

What do companies in India have problems with multi-state trade payable Geographical diversity?

Ethnic, cultural, racial, gender and other kinds of identities determine how people know, see and experience the world. Individuals from diverse environments think, react and learn differently. It is difficult for multistate business companies in India while trying to understand their employees. Most significantly, geographic diversity will lead to a lack of unity within the organization. If properly harnessed, geographic diversity can provide in holistic and multi-dimensional perspective to the acumen and wisdom within the multistate business companies. The companies in India do not have more problems with the multi-state trade payable Geographical diversity. It is because the process is a little bit simple.

What is there an efficient goods commercial vehicle available in India as expected?

Transition in India become more realistic with the current government has sustained and massive push on electric mobility. The government’s think-tank – NITI Aayog has been spearheading transition for increasing the zero-emission mode of transportation. Multi-Axle Trucks (MATs) are considered as the efficient goods commercial vehicle available in India and widely used with for industrial transportation. These vehicles mainly range from 26.2 ton to 49-ton vehicles gross weight. Sales of these vehicles have been jumped between 2009 and 2010 as 55% higher. Goods commercial vehicle has been massively improved on the highest standard level 60% of the overall commercial vehicle market have been massively improved.

What is heavy haulage Oversize ODC transportation a simple task in India?

ODC, otherwise called over-dimensional cargo is added entirely outside of a deck of the vehicles for shifting the over-sized goods. Both the length and height of cargo are larger than the standard vehicles. These heavy cargos are used in both domestic and commercial sectors. ODC transport in India can help people to shift their heavy goods from one location to the next one quickly. It is because these vehicles are well-equipped with many modern devices. They are capable of transporting heavyweight goods over long distances. The transport service provider has sufficient experience in this sector, so the team makes the overall transportation process hassle-free.

What is the diversity in logistics or transportation costs in India?

The Indian transportation sector is very large and diverse. It has been carrying out a major solution to undergo road transportation. For shifting goods and products, road transportation is very must and involves good actions. It has lots of results and the majority of imports rely on on-road transportation. Also, the costs of transportation in India are affordable and depend on business size. It works from the publication that makes the average population time for transport needs. So, get it based on the diversity in logistics and transportation costs is limited to the business sectors.

What is the level of customers class in the development of Indian Industrial Market?

Customer segmentation is nothing but a practice of dividing a customer into a group. It has been carrying out with the majority of things relevant to marketing. Thus, it plays an important role in meeting overall interests and spending habits. So, it termed to evaluate the specific ways organize with marketing needs. Millions of Indian population has the biggest range of the base class. It is also considered high due to Indian market range. It involves middle class, richest, and below-average base class. It has overflowing wealth value and sometimes involves in extremely poor condition. Checking the database also reveals the big Indian base class.

What and how much contribution of the present government has been successful in promoting Indian trade business ?

Industry experts mainly state that Government requires to endure the stepping on spending more on the particular sectors. With the Current Government is concentrating on various factors such as education, infrastructure, healthcare, connectivity and more. All these are major aspects that revive the growth with declining economic growth. There are hundreds of entrepreneurs as well as start-ups in the manufacturing sectors have been improved with the economy. Government has initiated certain measures for reviving the economy with spurring growth. India responds to the need for manufacturing as well as other service sectors then 80% of the GDP gets to improve.

What are the major business problems in India?

Since the time immemorial Indians have been promoting peace. The business has massively improved to the peak level but there are also some problems that most of the business faces. Whether it is related to government, crimes by ‘godmen’, condition of roads, corruption, or any others, the business gets affected in certain circumstances. Corruption is the worst endemic that is widely spread in India so it is important to be handled wisely and quickly. Though our country needs several changes at present below are some of the important things that we need to consider for tackling immediately. · Corruption · Illiteracy · Education system · Basic Hygiene · Healthcare system · Poverty · Pollution · Women’s safety · Infrastructure

What are the disadvantages of the transportation business ?

Here are the demerits of the transportation business as follow: Frequent Accidents Road transportation in India is risky. Necessary security measures never made against road accidents. Inadequate Road Many roads in India are inadequate and also available in bad shape. There are just 34 km long roads per every 100 sq.km area. Heavy Taxes It is another disadvantage of the road transportation business. The tax burden per vehicle in this country is Rs. 3500. Poor road maintenance Roads in India are not properly maintained. There is only 0.1% of national earning is invested in road maintenance in India. Rising diesel and petrol cost The operational amount of road transport is rising continuously. Not suitable for bulky goods It is unsuitable for heavy goods.

What are the advantages of the transportation service business ?

The road transportation involves a majority of things to help workers, students, and people to travel securely. It involves less cost and safety for everyone. Other than that, it easily delivers enough goods on time via road transport. It is more applicable for business to carry out major benefits in road transport. Goods and products delivered at the right location within the limited time duration. It involves lots of flexibility in operation and cheaper as well. For import and export business, road transportation is must and more appropriate for a short distance or long distance. It deserves the right platform to carry out major goods delivered at the right time.

How many types of transportation are used in India?

With the rapid urbanization in India, the Economic growth of the country has also improved. Transport system mainly has been improved into distinct modes such as notably road transport, railways, inland water transport, airports, and airlines, coastal shipping and many more. Roadways are the dominant means of transporting carrying about 85% of the total traffic generated in the country. India has about 191.7 million registered vehicles and Compound Annual Growth Rate from total Registered Motor Vehicles in India has been improved to 94%. With the increase in the number of vehicles on roads, it also paves a way for the development of business.

What is Logistic and what works ?

Logistics is broadly used to refer to a process of moving resources including equipment, products, materials, and inventory from one place to next one at the targeted destination. This term is used in numerous applications. There are different kinds of logistics services available but road transportation gets more fame among business professionals. It is because if business products or material cannot reach the customers, it will fail. It is the right place when road transportation plays a vital role. It also impacts many other aspects of businesses. If the products are shipping to your customers on time, it will increase the profitability of a company.

What are the meaning and use of a company or industry in reality ?

Company or industry, in reality, is an entity that especially engages the business. The company could be structured across many numbers of ways. A company could be a corporation, sole proprietorship or under the partnership. Based on the different company that you are dealing with, it could be owned by a single person or even a group of individuals. The company could be well structured under many circumstances. Liability is an important type of company that is especially assumed. Company or industry in India has a major growth with the improvements in modern technology and transportation facilities all over the country.