Cargo theft frequency up in 3Q, value per load down

| October 23, 2013

cargo theftThe number of cargo theft incidents in the third quarter of this year rose 15 percent of the second quarter of 2013, while the average value per stolen load dropped 5 percent, according to FreightWatch International, who produces a monthly report based on reported reported cargo thefts. 

A total of 231 thefts were reported in the three-month period, and the average loss value per incident was $154,866. Seventy-four thefts were reported in July, 76 in August and 81 in September, FreightWatch says.

This is now the hottest scam in cargo theft

Compared to the same quarter in 2012, the number of incidents is the same, but the value per load lost is 15 percent lower. 

FreightWatch’s data shows food and drink loads remained the hottest targets, with 21 percent (49 thefts) of the quarter’s total. Meats, dry and canned goods and water were the most targeted food and drink loads. 

Loads of electronics accounted for 13 percent (29 thefts), and thieves primarily went after loads of television and computer components, according to FreightWatch. 

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Home and garden loads made up 11 percent (25 thefts) of the total. Appliances and cleaning products were the hot targets there, FreightWatch says. 

Rounding out the top 5 are loads of metals (9 percent) and the miscellaneous category (8 percent). 

In the quarter, loads of clothing and shoes had the highest average loss per incident at $$403,553. Electronics loads had the second highest, $287,258, and alcohol and tobacco loads were third, $195,068. 

Incidents involving theft of trailer/container accounted for the vast majority of thefts in the quarter, 73 percent (169 thefts), and theft from trainer/container accounted for 18 thefts. Driver theft, which involves either direct theft by the driver or some type of driver involvement in the theft, accounted for 17 thefts — an 89 percent increase from the second quarter of the year. 

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Thefts by “deceptive pickup” — thieves fraudulently posing as drivers to receive loads from shippers — accounted for 14 thefts in the quarter.

Seventy-one, 31 percent, of the thefts occurred in California. Florida had 30 thefts reported, and Illinois and Texas each had 28. Georgia saw 15, and New Jersey had nine. 

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  • rcgauto

    It would be interesting to know what percentage of losses are paid out by insurance companies, how much is written off by trucking companies and what shipper’s liabilities were.

  • guest

    Expect MORE theft as we import MORE and MORE criminal INVADERS thanks to OBAMA and his catch and release and how he fights Sherriff Joe to open the Floodgates of 3rd world starving aliens…what do we expect??? What do they have to LOSE by ripping off a trucker??

  • guest

    Today COPS associated w Trucking are WAY too looking for mud flap violations to actually ARREST a THIEF!! Today this high paid COPS..fully dressed with Gun and Badge will be taking an HOUR or so to poke around a Working Trucker’s rig trying to find a tread depth violation..or perhaps you didnt LOG ur 30 min Waste of Time break?? WHEN would a COP have TIME to hunt down CRIMINALS when he is busy with these Baby Sitting Duties?? There is only So Many COPS…but a GROWING amount of CRIMINALS pouring over the border AND be released from PRISON my Jerry Brown for Lack of ROOM to house them??? Cops have many MORE babysitting duties with all the NEW RULES being Heaped on Trucking today…I would expect truckers will become VICTIMS alot MORE in the future.

  • John

    Go figure. All the stuff stolen, was stuff used by the south of the border illegals, I mean immigrants, that come here to work for next to nothing, in their odummer funded businesses. How can they afford rent, you ask? Put 10 guys in a mobile home, each making $7/hr. Together they make $70/hr. and they put in 50-60 hrs./wk, = $35-$4200 per week. In a few wks. time, they have enough money to buy 2 or 3 cars to go to work, plenty of food on the table, beer for their parties, AND they’ve sent money back to Mexico.

  • Jim Kennedy

    hello guest… thanks for the laugh… u know that’s (18 for dbl xl trac + tndm trail 16) grooves that some poor DOT officer is going to take minimum 1/2 hr to check not to mention if this falls on his/her lunch break break. What if their plastic ruler breaks to measure grooves? they may have to start all over again – they lost their place! strives to maintain an open forum for reader opinions. Click here to read our comment policy.