FreightWatch: Cargo theft increases 28% during holidays

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FreightWatch International, a global logistics security solutions provider, has published its first Holiday Cargo Theft Report, which reviews cargo theft statistics surrounding the seven major holidays in the United States. FreightWatch says the report found a 28 percent increase in cargo theft on a per-day basis during the holidays compared with the remaining calendar days.

“While it is common knowledge in the logistics security industry that cargo thieves do not take holidays, this report allows us to identify the actual impact,” says Dan Burges, corporate director of global intelligence.

Shipments are at additional risk over long holiday weekends, and thieves are particularly active over these periods for a variety of reasons, primarily because cargo is not in motion and often is left unguarded. “As a result, this gives thieves greater opportunity to commit thefts and disappear with the product,” Burges says. “Prior to each major holiday, the logistics and security industry is reminded to increase security measures over the upcoming days.”

The Holiday Cargo Theft Report analyzes the statistics supporting this commonly understood maxim in an attempt to better explain the increased risk faced by shippers and their supply chain providers. Also discussed are the changes in theft locations and the products targeted. For a copy of the report, contact Burges at dan.burges@freightwatchintl.com.