Cargo theft has reached unprecedented levels in recent years, posing a significant threat to global supply chains. A recent white paper by Becker Logistics finds that thieves exploit a range of vulnerabilities in logistics operations, especially when goods are left unattended or security measures are weak.
According to CargoNet, the number of cargo theft incidents surged by 46% in the first quarter of 2024 alone, with a declared total value of $76 million. Hot spots for these crimes include...
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The post FreightWaves Infographics: Cargo rail theft up 119% across Mexico in July appeared first on FreightWaves.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: crime, labor top concerns about nearshoring in Mexico; cargo rail theft up 119% across Mexico in July; Texas trucking company owner sentenced for Mexico-to-Chicago drug pipeline; and industrial equipment maker opens factory in Juarez, Mexico.
Crime, labor top concerns about nearshoring in Mexico
While Mexico is benefiting from foreign companies looking to nearshore, or...
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 cargo theft surge in Mexico; Outpost expands national truck parking network; Averitt opens new trucking facility in Texas; and China-based Intretech plans $60M factory in Mexico.
Organized crime groups fuel cargo theft surge in Mexico
Mexico averaged about six cargo thefts a day in August, with most cases taking place in the country’s...
The American Transportation Research Institute has launched a survey to study cargo theft in the trucking industry.
The survey will help better quantify cargo theft types, frequency, geography and commodities targeted, the nonprofit research organization said. Data collected will be confidential and used to help researchers better understand the issue.
“ATRI’s survey approach offers a confidential and anonymous way to collect loss data; through this research we intend to identify...
https://www.freightwaves.com/news/atri-launches-cargo-theft-survey-for-brokers-carriers
Freight fraud has become an all-too-familiar term in the transportation and logistics sectors in recent years. Although fraud has long been a challenge in the field, industry experts observe that these criminals have evolved alongside FreightTech, leaving supply chain participants uncertain about who will bear the burden of finding solutions.
Recently, FreightWaves has received numerous reports of sophisticated freight fraud schemes.
There is the classic double-brokering scheme, in which a...
https://www.freightwaves.com/news/how-freight-fraud-became-the-perfect-crime
In June, Mexico averaged five cargo truck thefts per day for a total of 150 reported incidents across the country’s roadways, according to data from the National Association of Vehicle Tracking and Protection Companies (ANERPV).
Tractor-trailer thefts increased 4.1% year-over-year in June from the same month last year. ANERPV reported 843 total tractor-trailer thefts from January through June.
ANERPV is based in Mexico City and was founded in 2003. The association represents companies working in...
https://www.freightwaves.com/news/mexico-averages-5-cargo-theft-incidents-a-day-in-june
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The post FreightWaves Infographics: California congressman proposes bill to tackle cargo theft appeared first on FreightWaves.
Scammers impersonating and taking the identities of legitimate carriers and brokers to steal loads for a quick payday is at an all-time high, according to Scott Cornell, transportation lead and crime and theft specialist at Travelers.
Cornell said Travelers is seeing a higher incidence of double brokering for strategic cargo theft. That involves criminals using stolen motor carrier identities or operating authorities or even a broker’s identity to obtain freight and misdirect it from the...
A California congressman has the United States’ growing cargo theft problem in his sights.
U.S. Rep. David G. Valadao, R-Calif., this week introduced the Safeguarding our Supply Chains Act, which aims to stop “the rampant theft within our nation’s supply chains.”
The American Trucking Associations praised Valadao earlier this month for his work leading Homeland Security Investigations to establish a $2 million Supply Chain Fraud and Theft Task Force. The 2025 Department of Homeland Security...
https://www.freightwaves.com/news/california-congressman-proposes-bill-to-tackle-cargo-theft