CargoNet

CargoNet recorded 771 theft incidents in the second quarter of 2024, representing a 33% increase compared to the second quarter of 2023. However, theft activity decreased by 10% from all-time highs established in the first quarter of 2024. CargoNet's analyst team noted slight behavioral shifts in the country's most prolific organized cargo theft groups operating in Southern California. Across the board, these groups evolved to be more discriminating in their shipment targets, stealing high-value freight like motor oil and computer electronics less frequently.

CargoNet Warns of Heightened Cargo Theft Risk During July 4th Holiday Week https://bit.ly/july4_24

Memorial Day Weekend Cargo Theft Trends and Security Tips Supply chain professionals should be on high alert this upcoming Memorial Day weekend because cargo thieves will seek to leverage extended business closures. CargoNet, a Verisk business, reviewed theft data from 2019 to 2023 for the Thursday prior to Memorial Day to the Wednesday after to help supply chain professionals mitigate theft. There were 146 events reported with an average of 29 events per year. The stolen cargo in each event was worth an average of $264,016 - due in part to 3 thefts that exceeded $1 million in property stolen...

📰 NEWS | Spot has joined CargoNet® from Verisk, a leading global data analytics and technology provider, to fortify its defenses against a surge in cargo theft. This strategic alliance leverages secure data sharing, investigative expertise, and advanced risk analysis to safeguard Spot's customers and maximize cargo recovery rates. Learn more: https://lnkd.in/d5WcEBDH #logistics #freight #supplychain #lossprevention

In the first quarter of 2024, criminal activities impacting the logistics and transportation industry reached new highs, even amidst the sustained crime wave that began in late 2022. CargoNet documented a staggering 925 incidents, marking a substantial 46% increase compared to the first quarter of 2023 and a concerning 10% rise from the fourth quarter of 2023.

CargoNet's excited to be an exhibitor at the #TIA2024CON ! Visit booth 813 to learn about the latest cargo theft recovery and fraud prevention solutions.

What's behind the rise in cargo theft this season?

CargoNet reports that supply chain theft activity remains extremely high and believes it will continue into the holiday season as experienced cargo thieves will seek to exploit a target-rich environment of unattended trucks and closed warehouses.

CargoNet is warning supply chain professionals that the threat of cargo theft activity is extremely high this upcoming Thanksgiving holiday. CargoNet has been tracking a sharp increase in cargo theft reports which started in November 2022.