July 4th Holiday Cargo Theft Trends and Security Tips from CargoNet, a Verisk Business
June 29 2020 - 2:31PM
Supply chain professionals are looking forward to a much-deserved
extended weekend during the Fourth of July holiday. However,
CargoNet®, a Verisk (Nasdaq:VRSK) business, reports that that
extended business closures can create an advantageous operating
environment for cargo thieves. For the past five years, the firm
has analyzed cargo theft data in the United States and Canada from
July 1 to July 7and found 130 cargo theft events in 27 different
states, with theft most common in Texas, California and Florida.
This year’s study found that a quarter of theft events occurred
on the Friday of the holiday weekend, contrary to 2018 when most
theft events were reported to have taken place on Thursday, July 4.
Cargo thieves targeted shipments of food and beverage products,
household goods, and mixed shipments of less than truckload (LTL)
freight and general merchandise. The study estimates $5.9 million
in cargo was stolen with an average value of $128,416 per
theft.
To help prevent theft, supply chain professionals should avoid
leaving cargo unattended in high-theft areas such as Los Angeles,
Dallas–Fort Worth, Chicago, Atlanta, NYC Metro and Miami. Should
truckers need to leave their cargo unattended, they should consider
parking in high-security locations with active security services,
secure fences, and high-visibility lighting.
Additionally, CargoNet's data shows that over the past five
years, several sophisticated warehouse burglaries of desirable
items like computers, cell phones, and fragrances occurred in Miami
metro, Las Vegas metro, and northern New Jersey over the Fourth of
July holiday. Operators should consider making sure facilities are
alarmed and to treat every alarm activation as an actual break-in,
as some burglary crews may purposely trip the alarm multiple times
to make authorities and facility operators think the system is
malfunctioning.
Noteworthy thefts from previous July 4th
holidays
- $2,000,000 of perfume from Hillsborough Township, New
Jersey
- $444,000 of copper cables from Long Beach, California
- $328,321 of toys from Trevor, Wisconsin
- $270,000 of jeans from Blacksburg, South Carolina
- $259,878 of hard drives and server chassis from Norcross,
Georgia Click here for July 4th theft trends and security tips
infographic.
For more information, contact: Brett Garrison
Edelman (for CargoNet) 212-639-4903 Brett.Garrison@edelman.com
Verisk Analytics (NASDAQ:VRSK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Verisk Analytics (NASDAQ:VRSK)
Historical Stock Chart
From Apr 2023 to Apr 2024