Cargo theft recording firm CargoNet recently released its 2023 Second Quarter Supply Chain Risk Trends Analysis, which indicated a 57% year-over-year increase in cargo theft, along with an average shipment value per event increase of nearly $100,000.
A prior report from CargoNet just before the Labor Day holiday indicated that the firm was seeing what it called an “unprecedented crime wave” affecting freight in the U.S. Scott Cornell, transportation lead and crime and theft specialist at Travelers, joins us this week for the first part of a two-part episode to talk about why theft is on the rise and the strategies thieves are using to steal freight.
00:00 10-44 intro
00:28 Cargo theft
01:19 10-year high for cargo theft
03:24 re-brokering freight
05:27 Strategic cargo theft
