Cargo Theft Still a Big Threat

Published: Mar 7, 2014

Cargo thefts is still a big threat, as data released by FreightWatch International shows 2013 thefts remained at the same number as those in 2012, which was an all-time high year for cargo thefts.

A total of 951 cargo thefts occured last year, which makes 79.25 thefts per month or 2.6 thefts per day. Theft of Food and Drinks is at the top with 27%, followed by Electronics (14%), Home/Garden (10%) and Metal (10%). While at a moderately low level, thefts of Pharmaceuticals (4%) saw the biggest increase than compared to last year (50%).

Out of all thefts, those of vehicle and load comprised 73% of the thefts. Second place goes to “theft from trailer or container”, followed by “deceptive pickup” as the third most common.

The 5 states with highest number of thefts are as follows: California (259), Texas (123), Florida (113), Georgia (71) and Illinois. (71).

Read the full story at the Commercial Carrier Journal.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.