Verisk has launched a new CargoNet tool that informs fleets and shippers of the theft risk associated with specific routes.

CargoNet RouteScore API uses a proprietary algorithm to generate a cargo theft route score that provides a relative measure of probability that crime and loss will occur along any route in the U.S. and Canada.

“RouteScore exemplifies our commitment to helping the industry manage and mitigate risk,” said Ryan Shepherd, general manager of Verisk’s CargoNet. “By providing actionable insights through advanced data analysis, Verisk is empowering the insurance and the transportation industry to protect their assets and ensure a safer delivery of goods.” 

RouteScore gives users a score of 1 to 100, with 1 representing the lowest likelihood. It’s based on factors such as cargo type, value, length of haul, origin, destination, day of the week and the theft history of truck stops along the route.

Shippers can assign high-risk lanes to best-in-class carriers to help reduce the risk of theft. The tool can be integrated into third-party transportation management systems.