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Image: [AI] for representation purpose only
Cargo theft is an unfortunate but growing challenge in the logistics industry, and professionals across the Project Freight Network (PFN) must remain vigilant. The trend is alarming: a leading global data analytics and technology provider reports that cargo theft across the United States and Canada reached unprecedented levels in 2024, with 3,625 reported incidents, marking a 27% increase from 2023, according to CargoNet’s annual analysis. The average value per theft rose to $202,364, up from $187,895 in 2023.
Each quarter of 2024 set new records, though the rate of increase narrowed as the year progressed. The biggest spike occurred in Q1 2024, with 317 more incidents than the same period in 2023, while Q4 2024 saw a more modest increase of 94 incidents, reflecting an 11.81% year-over-year growth.
Protecting valuable cargo requires a coordinated and proactive approach from all stakeholders—shippers, carriers, logistics providers, and security teams. As PFN members, we have a responsibility to fortify supply chains and ensure freight reaches its destination securely. Here are five key strategies to help combat cargo theft:
Cargo security is a team effort. From shippers to carriers and 3PLs, every party involved must have clear security protocols and constant communication.
A rising form of theft, “indirect cargo theft,” occurs when criminals impersonate legitimate carriers to fraudulently pick up shipments. Prevent this by:
A simple phone call to confirm the correct carrier is present can prevent major losses.
With digital freight management becoming the norm, cyber vulnerabilities have become a significant risk factor.
A single cyber breach can expose shipment details, making it easier for thieves to intercept cargo.
Opportunistic thefts occur when cargo sits idle. To minimize risk:
Trust is paramount in freight transport. As PFN members, we must work with reputable logistics providers who prioritize security.
Cargo theft continues to be a major threat, but through collaboration and best practices, we can mitigate risks. By implementing stringent security measures, leveraging technology, and maintaining open communication, PFN members can protect their shipments and ensure seamless global logistics operations.
Let’s stay proactive, vigilant, and connected to keep freight safe and supply chains moving efficiently.
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