cargo theft

Nearly $90M in truck freight stolen in cargo thefts in 2014, report shows

Though the number of theft incidents fell in 2014, CargoNet reports an alarming trend — thieves targeting high value loads and putting in the effort to steal them.

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2014 cargo theft report: Trends point to elevated threat, more sophisticated thieves

FreightWatch says cargo thieves in the U.S. are becoming more sophisticated, with data “suggesting organized thieves offset the lack of access to a high quantity of shipments by targeting higher value merchandise,” the report notes.

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Truckers could be suspected in $5M gold bar cargo theft, reports say

Following an odd cargo theft earlier this week — in which roughly $5 million in gold bars were stolen from the back of a tractor-trailer heading from Miami to Massachusetts — authorities have begun to question whether the two truckers piloting the rig were involved.

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Cargo theft warning: West Coast port backlog ripe for cargo thieves, FreightWatch says

“As the massive backlog of cargo begins to release into the supply chain, the frenetic situation will be rife with opportunity for cargo criminals,” FreightWatch said in its warning.

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Cargo theft warning: Thieves breaking into trailers at truck stops, ‘pilfering’ contents

Cargo thieves have been breaking seals on trailers, opening the trailer doors to check contents, deciding whether the goods are valuable and targeting items “easily fenced,” FreightWatch says.

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Trucker fined $1.3M, sentenced to 22 years in prison for role in cargo theft ring

A truck driver who was convicted earlier this year to conspiring to steal trucks, trailers and cargo over a 14-year period has been sentenced to 22 years in prison and has been ordered to pay $1.3 million in restitution to victims.

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Recent cargo thefts a warning to carriers: Beware of cargo theft ‘red zone’

Cargo theft tracking firm FreightWatch International issued an alert this week saying it has seen three “red zone” truckload thefts in the last three weeks, stemming from what it says is an “unusually high rate in violations of best practices for in-transit security.” FreightWatch defines the cargo red zone as within 200 miles of a loads origin, and the three recent thefts were caused by “staging cargo within the red zone,” FreightWatch says in its alert. A ...

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Cargo theft update: Load value jumps as thieves target high-value freight

The average loss value per cargo theft incident in the third quarter of 2014 jumped 100 percent from 2013’s third quarter $321,521, while the number of thefts fell. Here's what loads were hot, what states they occurred in and the methods used.

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Peterbilt equipping 579, 567 models with anti-theft system

Peterbilt announced Sept. 23 it is offering a new anti-theft system for its Models 579 and 567 equipped with the Paccar MX-13.

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Second quarter cargo theft report: Loss value continues to climb as criminals ‘increase sophistication’

Between April and June, 179 cargo thefts were recorded in the U.S., per FreightWatch International. The average loss value per incident, however, rose 5.6 percent to $174,415. Here's a breakdown of the full report.

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