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Cargo thefts, values fall year-over-year in third quarter

Cargo thefts were down 9 percent year-over-year in 2016’s third quarter, but California saw a 40 percent increase in cargo thefts from 2015’s third quarter.

Cargo thefts were down 9 percent year-over-year in 2016’s third quarter, but California saw a 40 percent increase in cargo thefts from 2015’s third quarter.

Cargo theft reporting firm CargoNet received 447 reports of  cargo theft in the third quarter of 2016.

The 447 total reports – which included 309 incidents of vehicle theft, 201 incidents of theft of cargo and 25 incidents of fraud – represent a 2 percent increase over the third quarter in 2015. Additionally, CargoNet says 202 tractors and 192 trailers were stolen during the quarter.

The 201 cargo thefts are a 9 percent decrease from 2015’s third quarter, CargoNet reports. These thefts decreased in most states, according to the firm, but California saw a 40 percent increase in year-over-year cargo thefts with 59 reported thefts. CargoNet says its data shows a 13 percent decrease in thefts in Los Angeles County, but an enormous 229 percent year-over-year increase in San Bernardino County. Behind California, Texas was the state with the most thefts with 28 cargo thefts.

CargoNet: Cargo theft incidents down 15 percent year-over-year

CargoNet: Cargo theft incidents down 15 percent year-over-year

According to CargoNet, 61 percent of reported thefts had a loss value recorded, and the average incident was valued at $330,339 – up $63,243 from ...

In total, CargoNet saw $23.7 million in cargo stolen during 2016’s third quarter, which is down $8.2 million from the same period last year. Of the 201 cargo theft incidents, six had values higher than $1 million.

Electronics were the costliest of stolen items, representing $7.8 million worth of the total losses in the quarter. Theft of household items, at $4.6 million, was the second highest for the quarter. Despite the high values of these commodities, food and beverage items were the most-stolen in the quarter, CargoNet reports.

The firm says warehouse locations were the most common for thefts, but theft at secured yards increased by 100 percent year-over-year.

Report on 2015 cargo theft trends shows top days, top states for cargo theft occurrence

Report on 2015 cargo theft trends shows top days, top states for cargo theft occurrence

Out of a total of 881 incidents of cargo theft in 2015, the estimated total value of stolen cargo was more than $175 million, according ...

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Matt Cole is an Associate Editor for CCJ and Overdrive. Reach him at mattcole@randallreilly.com.

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