Organized Crime Groups Blamed for Increase in Q3 Cargo Thefts

Nov 4, 2024 · The report recorded 776 cargo theft events in Q3 2024, marking a 14% increase compared to the same period in 2023, which itself was 59% greater than Q3 2022, according …

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Organized Crime Groups Blamed For Increase In Q3 Cargo Thefts

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Nov 4, 2024 · The report recorded 776 cargo theft events in Q3 2024, marking a 14% increase compared to the same period in 2023, which itself was 59% greater than Q3 2022, according …

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California Cargo Theft Task Force Seizes $3.7 Million In Stolen Beauty ...

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Nov 18, 2024 · The bust was made by officers from the CHP's Border Division Cargo Theft Interdiction Program, according to the agency. Officials estimated the value of the recovered …

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Cargo Theft On The Rise, Report Both CargoNet And Overhaul

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Jun 5, 2024 · Meanwhile, freight monitoring service provider Overhaul reported this week that its Q1 analysis found 11 cargo theft events in the US with a total value exceeding $1 million. That …

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Cargo Theft Network That Had Stolen $4 Million In Goods Is …

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Dec 17, 2018 · King said the cargo theft ring had been responsible for stealing $4 million in goods from Kearny trucking yards over an 18-month period. The arrests were the result of a multi …

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Cargo Thefts Spiked 68% In Q4, Led By Food And Beverage Freight

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Mar 21, 2024 · The end of 2023 saw a surge in cargo thefts with thieves targeting food and beverage freight, along with electronics and household goods. The post Cargo thefts spiked …

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2024 First Quarter Supply Chain Risk Trends Analysis

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The average stolen shipment value in the first quarter of 2024 was $281,757, while the declared total value was $76 million. By extrapolating the average shipment value across events without …

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U.S. Supply Chain Issues Leads To Cargo Theft - CBS News

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Nov 2, 2021 · In 2019, before the pandemic, some $49 million in cargo theft was reported, according to figures provided by CargoNet. The accelerated pace of theft is expected to …

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Cargo Theft | National Insurance Crime Bureau - NICB

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Cargo theft in the United States is a $15 to $35 billion industry. Depending on what’s inside the truck, thieves can walk away with thousands to millions of dollars. ... cargo is the “criminal …

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FAQs about Organized Crime Groups Blamed for Increase in Q3 Cargo Thefts Coupon?

How much did cargo thieves steal in 2023?

“In total, thieves stole over $44 million in goods in the second quarter of 2023 and the average shipment value per event increased nearly $100,000 to $260,703 per theft as cargo thieves focused on high-value shipments,” CargoNet said in a news release. Cargo thefts were most common in California, Texas, Florida and Illinois, CargoNet said. ...

How much cargo theft was reported in 2019?

Roughly $45 million in cargo thefts were reported through September, according to CargoNet. That compares with almost $68 million for all of 2020 when thieves targeted toilet paper and personal protective equipment. In 2019, before the pandemic, some $49 million in cargo theft was reported, according to figures provided by CargoNet. ...

How many cargo thefts were reported in 2023?

There were 1,183 reports of cargo thefts in 2023, each averaging a loss of $586,917, for a total of $694,327,811 in stolen goods, according to a report released Monday by cargo risk management company Overhaul Risk Advisory Services LLC. ...

How many cargo thefts were reported in the second quarter?

Verisk Analytics’ firm CargoNet, which tracks voluntarily reported cargo thefts, said there were 566 incidents in the U.S. and 16 in Canada in the second quarter, a 57% year-over-year (y/y) increase compared to 2022. ...

How much is cargo theft worth a year?

There were 146 events reported with an average of 29 events per year. The stolen cargo in each event was worth an average of $264,016. In this analysis, there were 205 incidents reported to CargoNet and the average cargo theft was valued at $121,473. There were 126 theft records recorded in the analysis period with an average of 25 per year. ...

Where are cargo thefts most common?

Cargo thefts were most common in California, Texas, Florida and Illinois, CargoNet said. In comparison, visibility and risk management platform Overhaul’s data showed 123 cargo thefts were reported during the quarter, a y/y increase of 15% compared to the same period in 2022. ...