As the peak shipping season ramps up, the risk of cargo theft has intensified, with incidents on the rise. Keith Lewis, Vice President of Operations at CargoNet, recently shared alarming statistics that underscore the severity of the situation. In just one week, 75 thefts were reported, suggesting that the industry could see nearly 4,000 thefts annually if this trend continues. This surge in thefts is expected to worsen during the holiday season, as organized criminal groups exploit vulnerabilities in the fast-moving supply chain.
CargoNet is a leading theft prevention and recovery network that provides supply chain intelligence and tools to help freight carriers and shippers minimize losses. Lewis advised in a recent blog for Road Scholar that businesses transporting high-value or sensitive cargo must be more vigilant than ever in implementing robust security measures.
The fourth quarter, particularly during the holiday rush, is notorious for an increase in cargo theft. As companies scramble to meet the growing demand, security is often sacrificed for speed. This spike isn't solely due to opportunistic crimes but also the result of increasingly strategic, organized theft operations.
Criminal groups are seizing the opportunity to target larger-scale shipments, particularly focusing on high-value goods such as electronics. The fast-paced nature of holiday shipping often leads to security lapses, which organized criminal rings are quick to exploit. With more goods in transit and fewer eyes on security protocols, it's a prime opportunity for thieves to strike.
Cargo theft has evolved dramatically over the past few years, shifting from local, opportunistic crimes to more sophisticated international operations. According to Travelers, the last five years have seen a significant shift in how these crimes are carried out, with a 1,500% rise in strategic thefts since 2021. This increase highlights how organized crime rings are adapting to and exploiting global supply chain efficiencies to carry out large-scale heists. The use of advanced technology by these criminals, along with relationships with company insiders makes it even harder for businesses to protect their inventory and raw material.
To counter these evolving threats, companies must adopt stronger security practices. This includes improving vetting processes for employees, vendors and contractors, and using more rigorous tracking and monitoring systems. These steps are critical in staying one step ahead of organized criminal networks.
Shippers should only partner with freight brokers who prioritize safety and security, like Translogistics, which is a member of the TIA (Transportation Intermediaries Association) WatchDog program. At Translogistics, we actively monitor motor carriers to ensure reliability and trustworthiness. We also use advanced carrier vetting software, such as Highway, to thoroughly screen and assess carriers before assigning them to your shipments.
If your freight broker is sending carriers that haven't been properly vetted, the risks extend far beyond cargo theft. You could face issues like freight being held hostage, falling victim to a double-broker scam, or even dealing with serious liability risks such as accidents or fatalities. Saving a few pennies on unvetted carriers can expose your business to enormous liability risks—so be strategic and choose Translogistics for peace of mind, and scalable shipping solutions.
For businesses like TLI (Translogistics), protecting high-security shipments is a top priority. In addition to recommending sealed dividers for high-security loads, we strongly recommend the use of trailer seals as an extra layer of protection. Trailer seals help deter unauthorized access by providing a clear indication if a breach has occurred, making it more difficult for thieves to tamper with cargo undetected.
With cargo theft on the rise—particularly during the holiday rush—taking proactive measures is essential. Businesses must enhance security protocols to protect against theft and minimize disruptions to the supply chain. By prioritizing security alongside speed, companies can significantly reduce the risk of cargo loss and ensure their freight reaches its destination safely.
For the latest insights, tips and commentary surrounding the logistics industry, look no further. Shippers will find thoughts from the award-winning team at Translogistics covering everything related to your transportation processes and plans. If you have a question we are readily available at marketing@tli.email
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All Rights Reserved | TLI