News / The rising role of organised crime as cargo thefts and losses rocket

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The number of cargo thefts in North America rose by 27% last year.

Data from freight security firm Varisk CargoNet shows 3,625 reported incidents in the US and Canada in 2024, with the average value of freight stolen climbing from $187,895 per theft in 2023 to $202,364.

The impact is likely to be much higher, as a high percentage of crime does not get reported. In  Q1 24 CargoNet registered 925 reported incidents that produced losses ...