Tag: Cargo theft

Fourth of July cargo theft increases: how to keep cargo safe?

Direct cargo and transport theft continues to be more common than complex fraud schemes CargoNet has issued a notice to the logistics industry warning of an increased risk of cargo theft during the Fourth of July holiday week in the United States. This advisory is based on an analysis of 174 thefts occurring between July […]

Rising threats in the freight industry: surge in cargo thefts

CargoNet’s analysis documented an average value of stolen shipments of $281,757 In a recent report from CargoNet, it is shown that during the first quarter of 2024, cargo theft incidents have experienced an alarming 46% increase compared to the previous year. This rise also marks a concerning 10% increase over the fourth quarter of last […]

Cargo theft rises: expert perspectives on the matter

The growing threat of such thefts has triggered a technological arms race in the transport sector. In November 2022, CargoNet from Verisk Analytics published a report documenting over 600 strategic cargo thefts in the road transportation sector, surpassing the annual average of 58 thefts. The growing threat of such thefts has triggered a technological arms […]