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National Insurance Crime Bureau

Cargo theft on the rise

The COVID-19 pandemic has provided an opportunity for cargo thieves, with third-quarter thefts increasing each month year-over-year, according to data from CargoNet.

The Verisk Analytics-owned data firm, which tracks cargo thefts, found that combined, there were 319 reported cargo thefts in Q3 this year, compared to 259 in Q3 2019. September saw a 26.92% increase year-over-year.

CargoNet found a similar theme in Q2 as well. Thefts in Q2 increased 371 in 2020, with a 91.43% year-over-year increase in April alone, compared to 257 in 2019.

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