Cargo Theft Incidents, Loss Values Climb for Q3 2019

The average loss-value and number of reported cargo thefts in the United States increased significantly from July to September, according to the latest industry reports.

A total of 165 cargo thefts were reported during the quarter, with an average loss value of $155,709, according to the latest quarterly report published by SensiGuard. Those figures represent a 13% increase in volume and a 31% increase in value compared to the previous quarter. The numbers also represent a 3% increase in volume but an 8% decrease in loss values compared to the same quarter last year.

The SensiGuard Supply Chain Intelligence Center has issued its report on cargo theft incidents in the U.S. for the third quarter of 2019. The company publishes quarterly reports in addition to an annual report on cargo theft. The report notes that delays in incident reporting typically cause measurable increases in theft volumes in the weeks following the quarterly reports, and totals from the most recent quarter are expected to rise. The report notes that electronics loads were the most stolen product type, with 21% of the total thefts. Of those… Land Line Media

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