
Cargo thefts in the U.S. are on the decline, but the value of each heist is virtually unchanged compared to last year, according to a new second quarter report from the logistics security services provider FreightWatch International.
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FreightWatch International is reminding transportation companies, shippers and manufacturers of the increased cargo theft risk for the upcoming Fourth of July Weekend.
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Across the United States, cargo theft is up 11% in March through May from the same period in 2014, according to the theft prevention and recovery network CargoNet.
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While the number of incidents of cargo thefts in the U.S. declined in the first quarter of the year from the same time in 2014, the average value of each heist jumped 25%, according to the logistics security services provider FreightWatch International.
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Two separate reports show the number cargo thefts in the U.S. fell last year compared to 2013, but the average value of the heists increased.
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Three days after nearly $5 million in gold was stolen from a truck along I-95 in North Carolina, authorities say they're suspicious it was an inside job, although the two guards involved are not currently suspects.
Read More →Over the past several weeks, the logistics security services provider FreightWatch International has received reports of over 40 pilferage events at truckstops and highway pull-offs in one state.
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The owner of a trucking company received the maximum sentence possible by a federal court in Missouri after pleading guilty last year for his role in a cargo theft scheme.
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During the three-month period the cargo recovery service recorded 181 thefts, with 81 in October, 60 in November, and 40 in December.
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The advent of the "Internet of Things" concept in trucks helps fleets improve security for vehicles, drivers and cargo, with smart devices, locks and sensors that do their work in the background.
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