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CARGO THEFT
Cargo thefts spiked 68% in Q4, led by food and beverage freight
When trade operator Mary Sandoval recently sent a truck to pick up a load of avocados from a warehouse in Laredo, Texas, she was appalled when the load and tractor-trailer vanished without a trace almost immediately after leaving the facility.
“The truck showed up to the warehouse, gave the warehouse the load pick up number and then drove off and disappeared,” Sandoval said. “We never heard from them, and don’t know where the avocados went.”
Sandoval, whose name has been changed for this story,...
https://www.freightwaves.com/news/cargo-thefts-spiked-68-in-q4-led-by-food-and-beverage-freight
Daily Infographic: Truck driver sentenced for stealing rig hauling Mike’s Hard Lemonade
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Borderlands: Mexico’s truckers plan nationwide strike against cargo theft
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s truckers plan nationwide strike against cargo theft; EV maker Lucid expands its U.S. manufacturing facility; Grainger announces new distribution center near Houston; and supply chain services provider Kinaxis opens Dallas office.
Mexico’s truckers plan nationwide strike against cargo theft
Truckers across Mexico plan to go on strike Monday to protest rising...
Strategic cargo theft growth pushes industry fraud toward all-time high
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...
Truck hijackings on the rise in Mexico
Cargo theft has been dominating headlines in recent months. As a result, logistics leaders have increased their focus on the growing prevalence of strategic theft incidents. Rampant – and often overlooked – hijacking across Mexico are another key piece of the North American cargo fraud puzzle, however.
There were 6,030 reported hijackings in Mexico between January 2023 and September 2023, according to a new data portal launched by Borderless Coverage Powered by Reliance Partners This number...
https://www.freightwaves.com/news/truck-hijackings-on-the-rise-in-mexico
Daily Infographic: Thieves spirit away 19,000 bottles of tequila from US distributor
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Thieves spirit away 19,000 bottles of tequila from US distributor
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Almost $400,000 worth of tequila is missing after the shipment was hijacked somewhere en route to...
https://www.freightwaves.com/news/thieves-spirit-away-19000-bottles-of-tequila-from-us-distributor
Relationships provide layer of protection against supply chain fraud
All forms of fraud – from double-brokering schemes to hacking attempts – are on the rise across the logistics industry. Due to a number of isolating factors, companies that tend to operate in a vacuum instead of collaborating with industry partners are the most vulnerable to these scams. As such, they also tend to be the most targeted.
Joining a network of industry professionals provides a tangible sense of security in today’s market. This is especially true in the billing and payment space.
Eac...
Borderlands: Mexico averaged 57 thefts a day from cargo trucks in Q3
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Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border...