$223 million in cargo stolen in 2022, according to CargoNet
Cargonet, a digital platform for logistics and transportation management, has released some staggering numbers. According to the company, there was a 15% increase in cargo theft across Canada and the United States in 2022 compared to 2021 numbers. The average value of the stolen cargo was approximately $215,000 and the top commodity targeted by thieves were household goods and electronics.
A whopping 46% of all theft recorded in the two countries was attributed to California, Texas, and Florida. The Golden State itself earned the top spot with a 41% increase in cargo theft in year-over-year numbers.
Some of the theft comes in the form of fictitious cargo pickups - a situation where a shipment is reported as picked up by a carrier or freight forwarder, but unreality the cargo has not been loaded or transported. This can occur for various reasons such as fraud, errors in data entry, or miscommunication between parties involved in the process. To minimize the chance of fictitious cargo pickup, companies can implement strict procedures for cargo tracking and monitoring, regular communication with the carrier, and use of verified and trusted partners in logistics.
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