/ By Blase Iorio / Industry News/ / 0 Comments

$28.7 Million Stolen!

In just the first quarter of 2017, criminals stole nearly $29 million worth of freight. The average loss value was just shy of $150,000. 58% of the thefts involved stealing a truck. The top three targeted areas were California, Ontario, and Texas. the number one commodity at one time was electronics. It is now food and beverage. The majority of the truck thefts involved drivers with fraudulent schemes such as identity theft or wire fraud. With the rise of these disturbing numbers also comes a rise in insurance premiums. Stay alert…Report any suspicious activity!

/ By Blase Iorio / Industry News/ • • / 0 Comments

Did you know?

$114 Million in cargo stolen in 2016.

According to data from CargoNet, the number of thefts fell for the third consecutive year, but the value of the merchandise rose 13% to $114 million. The top three states in terms of the number of incidents were California(228), Texas(135), and New Jersey(73). California and New Jersey are home to the three largest container ports in North America, and Texas is at the center of cross-border freight between Mexico and the United States. Food and beverage remain the most common stolen cargo; electronics were second. The message from the security experts is to stay alert. Most cargo thieves will stake out a warehouse to watch the trucks or find weaknesses in security. Report any suspicious activity to your local police.

Source:Ashe,Ari (2017, 02,06) Cargo Thefts Cost Businesses $114 Million in 2016, Transport Topics, www.ttnews.com/articles/printnews