Cargo theft value sees dramatic drop in third quarter

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Updated Oct 26, 2015
CargoNet’s incident frequency for 2015’s third quarter.CargoNet’s incident frequency for 2015’s third quarter.

Cargo thieves in the United States and Canada stole more than $22.5 million in cargo in the third quarter 2015, according to CargoNet’s preliminary quarterly report.

That number is down from the $25 million recorded in the second quarter and the $45.8 million in cargo stolen during 2014’s third quarter.

CargoNet recorded 213 total cargo theft incidents in the quarter, which is down 23 percent when compared to the same period last year but up 2 percent from the second quarter 2015.

California saw the highest number of thefts in the quarter but did see a 43 percent drop in the number of thefts from the third quarter 2014. New Jersey saw the largest decrease in cargo thefts with a 73 percent decrease year over year.

Most other highly targeted states saw an increase year over year. Florida increased by 42 percent, Illinois increased 15.3 percent and Texas increased 7 percent. Ontario, Canada saw a 43 percent increase in reported cargo theft.

Notable trends from CargoNet include a 60 percent drop in thefts at truck stops from the third quarter 2014, but thefts when vehicles were parked along the side of a road increased 144 percent. CargoNet advises carriers to avoid leaving trucks along the roadside, especially in Florida and California where roadside thefts were highest.

Despite fewer cargo thefts overall, food and beverage thefts increased by 20 percent, with 31 percent of cargo thefts reported in the quarter involved food and beverage products. Thefts of appliances were down 74 percent, and thefts of electronics dropped 45 percent in the quarter. CargoNet said the drop in electronics thefts is abnormal because it’s usually an item that’s easy to sell for a high value.