Executive Briefings

Cargo Thieves Stealing Less Overall - and Taking Less Valuable Stuff When They Do Steal

Thieves are making off with less cargo and stealing less-valuable shipments, according to a new report by FreightWatch International, which provides supply-chain security services.

In the second quarter of 2015 FreightWatch recorded 178 cargo thefts in the U.S., with an average loss value of $189,307. Volume of thefts was down 11 percent from the previous quarter and 7 percent from the previous year, while the average value of a stolen shipment was down 27 percent from the first quarter and flat compared with a year earlier.

Overall, food and drink shipments were the most likely to be stolen, comprising 16 percent of all cargo thefts in the quarter, followed closely by home and garden products, electronics and building and industrial supplies.

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In the second quarter of 2015 FreightWatch recorded 178 cargo thefts in the U.S., with an average loss value of $189,307. Volume of thefts was down 11 percent from the previous quarter and 7 percent from the previous year, while the average value of a stolen shipment was down 27 percent from the first quarter and flat compared with a year earlier.

Overall, food and drink shipments were the most likely to be stolen, comprising 16 percent of all cargo thefts in the quarter, followed closely by home and garden products, electronics and building and industrial supplies.

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