Truck Cargo Theft Reporting Program Expands

EDMONTON, AB - A truck cargo theft reporting program that has reportedly been highly successful in Eastern Canada is expanding to four western provinces. The announcement was made Tuesday by the Insurance Bureau of Canada (IBC), along with law enforcement and provincial trucking associations in British Columbia, Alberta, Saskatchewan and Manitoba. "Cargo theft is a serious crime. It is costing the Canadian economy billions of dollars and can be dangerous," said Bill Adams, a vice-president with IBC, which represents private insurance companies. "The cargo theft initiative brings together the many different parts of the transportation system to help curb this type of criminal activity, protect people in our communities and save Canadians money."

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.