CargoNet’s Second Quarter 2016 Cargo Theft Trend Analysis
By: AJOT | Jul 28 2016 at 12:34 PM | International Trade
JERSEY CITY, N.J. - In second-quarter 2016, CargoNet’s Command Center logged 297 reports of cargo theft, identity theft, vehicle theft, and other criminal intelligence matters relating to the United States and Canadian supply chain. Of those incidents, 192 involved theft of cargo, down 15 percent compared with second-quarter 2015. However, CargoNet recorded a $1.3 million increase in the total value of reported cargo thefts. An estimated $39 million in cargo was stolen in second-quarter 2016. Sixty-one percent of incidents had a loss value recorded. The average incident was valued at $330,339, up $63,243 from cargo theft incidents reported in second-quarter 2015. In second-quarter 2016, CargoNet recorded eight cargo theft incidents worth $1 million or more; in particular, one cargo theft incident was valued at an estimated $8 million. In second-quarter 2016, $14.6 million in electronics items were stolen in cargo thefts. Electronics was the most costly category, but not the most frequently stolen commodity. Food and beverage items were stolen most often, though losses in the category decreased 17 percent year over year. Also in second-quarter 2016, $3.81 million in food and beverage items were stolen. Warehouse or distribution center locations were the most common location for cargo theft, with 53 thefts. Unsecured yards were the next most common location, with 29 cargo thefts. Thefts in this category grew 45 percent year over year. Fifty-nine percent of unsecured yard thefts occurred in Texas (35 percent) and California (24 percent). In contrast, cargo thefts were down 26 percent at truck stops and down 36 percent at parking lots. Many of the top states showed a decrease or little change in reported cargo theft when comparing the second quarters of 2015 and 2016. However, cargo theft incidents in California climbed 86 percent, from 37 reported incidents to 68 reported incidents. Of the $38.9 million reported stolen this quarter, $17.4 million was reported stolen in California. Nineteen fictitious pickups were reported in the state, eight more than in second-quarter 2015. Across the United States and Canada, 139 trailers and 124 tractors were reported stolen in second-quarter 2016, down from 173 trailers and 143 tractors in second-quarter 2015.