FreightWatch International Publishes Annual US Cargo Theft Report
(January 19, 2012) Austin, Texas – FreightWatch International, the world’s leading logistics security services provider, published its annual US Cargo Theft Report, showing the year over year growth of this bourgeoning crime to another record high.
FreightWatch, which has been tracking cargo theft rates since 2006, recorded 974 cargo theft incidents for 2011, with an average value of $319,000 per theft incident.
“While the rate of theft continues to rise, we are pleased to see the average value per incident begin to decline,” said Barry Conlon, CEO of FreightWatch. “This shows that shippers and the industry as a whole is beginning to secure their high value cargo more effectively, forcing criminals to target less valuable loads.”
The most commonly targeted product types in 2011 were food and beverage products, electronics and building materials. Specific items most targeted by criminals – largely due to their ease of movement on the black market – includes televisions, canned food product, cell phone, energy drinks, roofing materials.
About FreightWatch International:
FreightWatch International is the world leader in logistics security services, offering the only active monitoring solutions that provide organizations with complete cargo visibility from origin to destination. Using our solutions, organizations can mitigate the risks associated with theft, spoilage, counterfeiting and more. A complete inter-modal offering including cross border solutions, FreightWatch International allows companies to improve freight security and visibility from dock to stock, enabling them to streamline inventories, lower insurance premiums and reduce the impact of tainted or stolen goods entering the marketplace—all while protecting their brand value. www.freightwatchintl.com