Executive Briefings

Record Reporting of U.S. Cargo Theft Attributed to Improved Data Sharing

A rise in cargo theft reporting is attributable to improved collaboration and data sharing between the insurance and transportation industries and law enforcement, according to a report from CargoNet.

Formed by Verisk Analytics and the National Insurance Crime Bureau in 2009, CargoNet developed and manages a national cargo theft database and secure information sharing system. Although the primary focus of the system is to enhance the immediate operational sharing of data between theft victims and law enforcement, the growth of the database allows a deep and detailed analysis of cargo theft in the United States.

CargoNet recorded 1,215 cargo theft incidents in 2011. Of those, 116 incidents involved base metals, 229 involved electronics, 105 involved apparel and accessories, and 200 involved prepared foodstuffs and beverages.

The most cargo theft incidents occurred on Fridays (227 incidents recorded), Saturdays (202 recorded), and Sundays (198 recorded) at locations such as truck stops, carrier/terminal lots, and unsecured parking lots.

CargoNet's 2011 annual cargo theft report, previously distributed to CargoNet members, can be downloaded by clicking here.

"This report is an example of how far we've come in public-private collaboration efforts at a time when budgetary pressures make such strategic alliances more important than ever," said Tony Canale, vice president of Verisk Crime Analytics. "We have much further to go, but the momentum is building."

Source: CargoNet

 

Formed by Verisk Analytics and the National Insurance Crime Bureau in 2009, CargoNet developed and manages a national cargo theft database and secure information sharing system. Although the primary focus of the system is to enhance the immediate operational sharing of data between theft victims and law enforcement, the growth of the database allows a deep and detailed analysis of cargo theft in the United States.

CargoNet recorded 1,215 cargo theft incidents in 2011. Of those, 116 incidents involved base metals, 229 involved electronics, 105 involved apparel and accessories, and 200 involved prepared foodstuffs and beverages.

The most cargo theft incidents occurred on Fridays (227 incidents recorded), Saturdays (202 recorded), and Sundays (198 recorded) at locations such as truck stops, carrier/terminal lots, and unsecured parking lots.

CargoNet's 2011 annual cargo theft report, previously distributed to CargoNet members, can be downloaded by clicking here.

"This report is an example of how far we've come in public-private collaboration efforts at a time when budgetary pressures make such strategic alliances more important than ever," said Tony Canale, vice president of Verisk Crime Analytics. "We have much further to go, but the momentum is building."

Source: CargoNet