More than 880 incidents of cargo theft occurred in 2015: CargoNet

by Truck News

JERSEY CITY, N.J. – According to the CargoNet Command Center, it received more than 1,500 incidents of cargo theft, commercial vehicle theft, and identity theft of trucking companies in Canada and the US in 2015.

Of those, 881 incidents involved theft of cargo.

“CargoNet received a loss value on 53% of reported cargo thefts,” the company said in a release. “$98 million in cargo was stolen in those 470 thefts. The average cargo theft loss value per incident was $187,490. If combined with the known loss value, we can estimate the value of stolen cargo in all 881 incidents to be $175,303,399. CargoNet recorded 10 cargo thefts worth more than $1 million this year.”

The most cargo theft occurred in the state of California than any other state or province. In California, CargoNet recorded 158 thefts with a total loss value of $18.7 million. Texas came in second with 130 recorded theft incidents – a value of $12.2 million. Texas was followed by Florida (98 thefts), Georgia (97 thefts) and New Jersey (80 thefts).

According to the data collected by CargoNet, most cargo theft incidents occurred between Friday and Sunday. Friday was the most common day for cargo theft to occur. Wednesday was the least common day for cargo theft to occur. In addition, the most stolen commodity was food and beverage items, as 28% of all cargo theft incidents the company received involved food or beverage. This was significantly more than the next highest categories, electronics and household, each of which accounted for 13% of stolen items.

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