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A huge rise in cargo theft in the US has left stakeholders pushing for “federal involvement” and urging shippers to get insurance.
Insurance and risk assessment company TT Club analysis revealed a significant 60%+ increase in the number of reported thefts of all types of cargo last year over 2022.
And thefts of full loads from cargo handling facilities or depots comprised nearly half of these incidents, compared with 29% in 2023.
Katie Farmer, president and CEO of BNSF, the ...
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