CARGO THEFT

Why You Should Attend the FreightWaves Freight Fraud Symposium

FreightWaves is hosting a one-day Freight Fraud Symposium in Dallas, Texas, on May 14, 2025. This pivotal event will bring together key players in the logistics industry, including major logistics providers, carriers, and shippers, to tackle the growing threat of freight fraud affecting global supply chains.

Attendees will gain valuable, actionable insights covering all modes of transportation and major fraud forms, such as load phishing, carrier catfishing, double brokering, load board fraud,...

https://www.freightwaves.com/news/why-you-should-attend-the-freightwaves-freight-fraud-symposium

Railroads say freight theft cost more than $100 million in 2024

Cargo theft cost U.S. Class I railroads more than $100 million in 2024, the Association of American Railroads said, calling for more federal efforts to address the problem and more effective prosecution of those arrested.

The AAR said in a recently released fact sheet that organized criminal groups are increasingly targeting freight moves, with estimates that more than 65,000 such thefts occurred in 2024. That would represent an approximately 40% increase. Railroads also say suspects are...

https://www.freightwaves.com/news/railroads-say-freight-theft-cost-more-than-100-million-in-2024

Lawmakers look at expanding FMCSA’s power to rein in cargo theft

WASHINGTON — The Federal Motor Carrier Safety Administration could and should do much more to address the surge in cargo theft in the trucking industry, according to carriers that have fallen victim to the crime.

“One issue we’ve seen constantly is that [FMCSA] is falling further and further behind the sophistication of these criminal organizations,” Adam Blanchard, CEO of San Antonio-based trucking company Double Diamond Transport and brokerage Tanager Logistics LLC, testified before the Senate...

https://www.freightwaves.com/news/lawmakers-look-at-expanding-fmcsas-power-to-rein-in-cargo-theft

Borderlands México: Grupos de delitos organizados El aumento de los robos de carga de los Estados Unidos

borderlands-mexico:-grupos-de-delitos-organizados-el-aumento-de-los-robos-de-carga-de-los-estados-unidos

Borderlands es un resumen semanal de desarrollos en el mundo del transporte y el comercio transfronterizo de los Estados Unidos-México. Esta semana: los grupos de delincuencia organizados combían los robos de carga de EE. UU.; Imperial Auto abre una fábrica de $ 21 millones en México; Ego Group...

https://fullavantenews.com/borderlands-mexico-grupos-de-delitos-organizados-el-aumento-de-los-robos-de-carga-de-los-estados-unidos/?lang=es

Borderlands Mexico: Organized crime groups fuel rise of US cargo thefts

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Organized crime groups fuel rise of US cargo thefts; Imperial Auto opens $21M factory in Mexico; EGO Group launches electronic components plant in central Mexico; and Billor opens logistics hub in Houston.

Organized crime groups fuel rise of US cargo thefts

Supply chain security firm Overhaul said organized criminal gangs were a factor in the soaring number of cargo...

https://www.freightwaves.com/news/borderlands-mexico-organized-crime-groups-fuel-rise-of-us-cargo-thefts

Top 5 US-Mexico trade stories of 2024

In 2023, Mexico supplanted Canada and China as the top source of imports to the U.S. 

Throughout 2024, Mexico solidified its place as the top U.S. trading partner, boosted by cross-border commerce for automotive goods, computers, cell phones, oil and fresh produce.

While U.S.-Mexico cross-border trade continues to rise, other major stories include ongoing cargo theft against carriers and truck driver labor disputes in the country, as well as President-elect Donald Trump’s tariff plans.

As 2024...

https://www.freightwaves.com/news/top-5-us-mexico-trade-stories-of-2024

Borderlands Mexico: Violence against truckers surging in cargo thefts

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Violence against truckers surging in cargo thefts; Port of Brownsville kicks off $600M ship channel project; auto parts maker Daimay invests $51M in Mexican factory; and Korean company opens its first plant in Mexico.

Violence against truckers surging in cargo thefts

Supply chain visibility firm Overhaul reported that 83% of cargo thefts in Mexico during the third...

https://www.freightwaves.com/news/borderlands-mexico-violence-against-truckers-surging-in-cargo-thefts

CargoNet warns of increased cargo theft risk during Thanksgiving holiday

The risk of cargo theft is expected to increase during Thanksgiving, according to CargoNet, which urges transportation companies to be vigilant during the holiday.

The cargo theft prevention company, which manages an information-sharing system about such thefts, reported that significant thefts typically occur from the Tuesday before Thanksgiving through the following Monday.

“This is one of the most interesting times of the year because of the delay,” said CargoNet Vice President of Operations...

https://www.freightwaves.com/news/cargonet-warns-of-increased-cargo-theft-risk-during-thanksgiving-holiday

GenLogs launches initiative to combat theft using counterterrorism methods

GenLogs, an asset intelligence platform, announced Wednesday it will begin offering a free investigative service to help the freight industry recover stolen or missing equipment.

Open to carriers, brokers and shippers alike, the service allows users to submit details of missing assets to GenLogs. In response, GenLogs will use its nationwide network of roadside sensors to determine the asset’s last known location and set real-time alerts for tracking.

Related: Fraud Watch: Uncovering the dark side...

https://www.freightwaves.com/news/genlogs-launches-initiative-to-combat-theft-using-counterterrorism-methods

Fighting freight fraud: A playbook to combat holiday theft 

With holiday shipping ramping up, freight fraud is top concern for players across the industry. While companies fight all types of fraud throughout the year, strategic theft and straight theft are particularly prevalent in today’s market.

Cargo theft incidents were up 33% year over year in the second quarter of 2024, according to CargoNet. A total of 771 reported thefts during the quarter added up to more than $34 million in lost value, with distribution centers and truck stops being top...

https://www.freightwaves.com/news/fighting-freight-fraud-a-playbook-to-combat-holiday-theft

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