FreightWatch International, a global logistics security services provider, on Thursday, Jan. 19, announced that U.S. cargo theft hit another record high in 2011. FreightWatch says its annual U.S. Cargo Theft Report shows the year-over-year growth of this crime; 974 cargo theft incidents were recorded last year ,with an average value of $319,000 per theft incident. Continue Reading

Thieves are getting more tech-savvy when it comes to stealing cargo, and it’s becoming a growing trend, according to a recent insurance report and agencies that track such incidents. The latest tactic is to pose as a legitimate trucking firm to bid on transferring freight, going so far as to create a website to back up their identity. When they get the job, it’s as easy as picking up the cargo to steal it. Called “deceptive Continue Reading

A new report from FreightWatch International is now available to help manufacturing and logistics industries make more educated decisions about cargo security. Covering five years of theft data and analysis, the report examines theft trends over a longer period of time, which shows fluctuations specific industries have experienced in both rates of theft and average loss values. The Five Year Review special report includes theft rates over a variety of denominators such as month, state and product type; most common locations for thefts; areas with the highest risk and more. For a copy Continue Reading

A recent study finds that cargo thefts are becoming bolder, more targeted and, in some cases, more violent. The Supply Chain ISAC Report of Cargo Theft Activity for the third quarter of 2009 – a survey compiled and issued by LoJack Supply Chain Integrity (LoJack SCI) – indicates that while carrier terminals and yards are likely Continue Reading