Freightwaves | Feb. 8, 2023
The end of 2022 saw a surge in cargo thefts that pushed the yearly total to above an estimated $223 million worth of goods stolen across Canada and the U.S., according to recent data from CargoNet.
The Verisk Analytics-owned data firm, which tracks voluntarily reported cargo thefts, recorded 1,778 “supply chain risk incidents” in Canada and the U.S. in 2022, a 15% jump compared to 2021.
“The No. 1 commodity [for cargo theft] was household goods for all of 2022, electronics was No. 2, and then food and beverage commodities were No. 3,” Scott Cornell, transportation lead and crime and theft specialist at Travelers, told FreightWaves.
California led the way with 417 reported cargo thefts in 2022, a 41% year-over-year increase, followed by Texas with 223 and Florida with 153.
CargoNet’s 2022 data showed the average value of cargo stolen in a theft was $214,104, a 20% increase compared to 2021.
Cargo theft hot spots are typically areas around major ports, as well as intermodal facilities, distribution centers and truck stops.
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