PRESIDENT TINUBU'S MESSAGE OF CONDOLENCE TO CHIMAMANDA ADICHIE AND HER FAMILY. (PHOTO). #PRESS RELEASE.
A $400,000 shipment of lobster destined for Costco stores was stolen while in transit, the freight company’s president reported.
Dylan Rexing, president and CEO of Rexing Companies, said he believes the driver posing as a legitimate carrier was responsible for taking the seafood, which was not alive, en route to Costco locations in Illinois and Minnesota.
“This theft wasn’t random,” Rexing said, noting a growing trend of criminals impersonating carriers using spoofed emails and burner phones to intercept high-value shipments. “For a mid-sized brokerage like ours, a $400,000 loss is significant. It forces tough decisions and ultimately drives up costs across the supply chain — costs consumers ultimately end up paying.”
Rexing called for stronger enforcement measures from federal agencies to combat organized criminal networks, warning that such thefts are likely to continue disrupting businesses and affecting everyday prices. Costco did not immediately comment.
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