FreightWatch: Cargo theft rates continue growth to record highs

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Updated May 2, 2011

FreightWatch International, a global logistics security solutions provider, announced publication of a special report covering five years of cargo theft data and analysis. With the development of its own cargo theft database, FreightWatch says it has assessed trends and anomalies that transcend the boundaries of short-term reports and provide industry professionals with a much broader picture of this ever-changing criminal enterprise.

“The ability to analyze theft trends over a longer timeline allows industry professionals to better understand the risk they face and provide a predictive model for determining future threats,” says Barry Conlon, FreightWatch chief executive officer. “This detailed information is a powerful tool for security and business decision-making processes throughout the manufacturing and logistics industries.”

While the rate of cargo theft has grown every year since FreightWatch began collecting data in 2006, specific industries have seen fluctuations in both rates of theft and average loss values. Cargo theft in the United States is analyzed in the Five Year Review special report and includes theft rates over a variety of denominators such as month, state and product type; most common locations for thefts; areas with the highest risk and more.

For a copy of the report, e-mail dan.burges@freightwatchintl.com.