News / No let-up in cargo crime wave as thefts become even more sophisticated

Q1 24 saw the continuation of a dark trend: growth in the logistics arena being eclipsed by rising crime.

In the US, cargo theft rose 10% over the final quarter last year, at a figure 43% higher than in Q1 23.

Freight security firm CargoNet registered 925 reported incidents in Q1, which resulted in losses of $76m – an average shipment loss of $282,000.

And these are only the cargo thefts that were reported: CargoNet ...