Cargo Thefts Hit Five-Year High in 2020

There were 870 cargo thefts throughout the United States in 2020, an increase of 23% compared with thefts in 2019, and the highest recorded volume in the last five years, according to an annual report conducted by Sensitech, a product and service provider of solutions to monitor the supply chain.

The average value of the thefts in 2020 also jumped to a five-year high of $166,854, an increase of 41% compared with 2019 numbers. In 2020, there were 10 thefts valued at $1 million or more, compared with four thefts in 2019.

Sensitech officials said in the report that they consider cargo thefts to be on the rise…

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