Transportation

Heading Southbound? Cargo Thefts on the Rise preview image Heading Southbound? Cargo Thefts on the Rise article image

Heading Southbound? Cargo Thefts on the Rise

JERSEY CITY, N.J. - If you head southbound to pickup or deliver some freight, then beware once you have take possession of it because a new report says cargo thefts are increasing. From April through June in the U.S., cargo thieves stole more than US$19.5 million in freight from the country's supply chain, according to theft prevention and recovery service CargoNet. Nationwide, cargo theft increased 8 percent in second-quarter 2015 year-over-year. The total estimated value of stolen cargo was up US$8 million when compared year-over-year. The average cargo theft was worth about US$168,308 in stolen goods, but some categories such as electronics were much higher. The median theft was worth US$338,464. April had the most recorded cargo thefts in the U.S. at 70, then decreasing in May with 67 incidents and 57 in June.