Cargo theft recording firm reports increased first quarter theft

There were a total of 144 cargo thefts in the United States during the first quarter of the year worth an average of $116,717 per theft, according to SensiGuard’s quarterly cargo theft analysis that consists of only reported thefts. SensiGuard reports 25% of all cargo thefts in first quarter were in California.

There has been a 25% increase in cargo theft volume and a 1% increase in theft value when compared to the same quarter a year ago. SensiGuard collects its information from theft reports from transportation security councils, insurance companies and law enforcement agencies.

According to SensiGuard’s report, miscellaneous freight was the most-targeted during 2019’s first quarter which are typically mixed freight for big box stores.

Electronics were the second-most-targeted items, followed by food and drinks and home and garden products.

California holds the top spot for cargo theft in the first quarter with 25% of all thefts in the quarter, followed by Florida and Texas, which accounted for 12% each.

Thieves targeted full truckloads most with 60% of thefts in the quarter with an average loss value of $82,337.

This story was originally posted in CCJ and written by Matt Cole.

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