FreightWatch: Cargo theft incidents, average losses down in U.S. from May to July

By Land Line staff | 9/11/2014

The total number of reported cargo thefts in the United States from May to July fell by roughly 12 percent compared with the previous three months, according to FreightWatch.

In addition to the drop in the number of overall theft incidents, the average loss value during the period was $151,174, a decrease of 35 percent compared with the average loss reported in cargo thefts from February, March and April of this year.

FreightWatch, which specializes in tracking supply chain information and cargo thefts around the globe, publishes its quarterly reports on a rolling basis. The latest report covers cargo thefts reported between April and June of this year. The report is compiled from U.S. theft data derived from law enforcement and industry databases.

FreightWatch recorded a total of 179 thefts during the quarter, with 66 reported thefts in May, 53 in June, and 60 in July. The report anticipates the total number of incidents may rise above the totals from the previous quarter due to delays in incident reporting.

The company attributed the overall decrease in thefts to a drop in the number of incidents targeting eight specific product types, including Home/Garden, Electronics, and Metals.

Florida once again experienced the most reported thefts, with 43 incidents from May to July. California followed with 35 reported incidents, while Texas (25 thefts), Georgia (16 thefts) and Illinois (14 thefts) rounded out the Top 5.

Unsecured parking once again topped the list of locations where theft was most likely to occur, accounting for 108 reported incidents, primarily at truck stops, roughly 80 percent of the total. Thefts of trailers and containers accounted for 77 percent of all theft types, with 137 reported incidents.

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