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Thursday, August 27, 2020

US Cargo Thefts Erupt As Violent Crime Spreads Across America

The latest trucking news from Overdrive is particularly disturbing, outlines how cargo theft across the US surged during the virus-induced downturn in the second quarter.

Overdrive, citing data from SensiGuard, a cargo theft recording firm aggregating data from transportation security councils, insurance companies and law enforcement organizations, said cargo theft surged 56% year-over-year in the quarter.

"One significant note is that April, which was at the height of the supply chain disruption caused by COVID-19, experienced more than double the volume of April 2019 (+109%). While both May (+31%) and June (+30%) also beat their 2019 totals, it was by a decreasing amount in each case," SensiGuard noted in its 2Q20 cargo theft report.

The cargo theft monitoring firm recorded 227 thefts over the three months ending June, with 96 in April, 67 in May, and 64 in June. In dollar amount, the average theft was about a quarter-million dollars. It said 23% of all cargo thefts were miscellaneous products for retailers. Food and drinks made up about 20% of all thefts.

California, for the first time since 3Q17, was dethroned as the state with most cargo thefts. Texas became the epicenter of thefts in 2Q20, followed by California, Illinois, Florida, and Tennessee.

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2 comments:

Anonymous said...

Cargo theft is largely the work of port cops and dock workers getting together...nothing new here...

Anonymous said...

All Directed by Pelosi !!!!