JERSEY CITY, N.J. — U.S. freight tracking and recovery company CargoNet is warning about a potential surge in cargo thefts this holiday season.
It said data from 2014 to 2018 showed a rise in cargo thefts during the Christmas-new year period.
“The upcoming holidays follow a particularly busy November, in which CargoNet recorded a 14% increase in reported incidents over the previous month,” CargoNet said.
It said there were 121 reported cargo thefts in the five-year analysis, and Jan. 1 and Dec. 24 were the busiest days.
“CargoNet estimates that $151,699 in freight was stolen per event, making the total estimated value of all thefts in the analysis $10.9 million.”
Thefts were reported in 24 states, 18% of them in California, 16% in Texas and 12% in Georgia.
Thirty-two percent involved food and beverage freight, the company said.
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