Cargo theft has reached at least a 10-year high, and Travelers Scott Cornell believes it’s higher than ever before.
Cargo theft of all varieties has increased 59% across the U.S. and Canada between the third quarter of 2023 and the same quarter last year, according to recent CargoNet data. This number highlights the continued growth of attacks over the past few years.
“Much of the increase is due to ongoing shipment misdirection attacks, a kind of strategic cargo theft in which actors use...