Holidays Mean Increased Risk of Cargo Theft

With the number of cargo theft incidents and loss values on the rise ahead of the holiday shopping season, one industry group is encouraging the transportation industry to brace for an expected uptick in thefts and loss values.

In winter holidays between 2014 and 2018, the SensiGuard Supply Chain Intelligence Center recorded just under two thefts per day and an average loss value of $207,001. That’s a 20% increase over the rest of the year, the company said in a bulletin to industry professionals issued this week.

“The winter holiday shipping season has historically been one of the most dangerous times for cargo theft,” the bulletin states. “This year, both Christmas Day and New Year’s Day occur on a Wednesday, leaving more opportunity for shipments to be left unattended or parked in unsecured locations for extended periods of time.”

- Sponsors -

The company says these thefts primarily targeted electronics, for which data show a theft rate 52% more frequent than throughout the rest of the year. The highest average value recorded was within clothing and shoes category, which had an average loss value over the holiday period of almost $1.1 million. SensiTech also warns to be on the lookout for a spike… Land Line

Stay Updated

Get critical information for loss prevention professionals, security and retail management delivered right to your inbox.