Cargo Theft, Led by Food and Beverage, Is Surging Across the US
According to the FBI, cargo theft is estimated to cost trucking companies and retailers at least $15 billion to $30 billion a year. It is adding to the supply chain disruptions that have fueled inflation.
Cities that are seeing a spike in freight theft include Los Angeles, Houston, Miami, Savannah, Newark, New Jersey, Memphis and Chicago."We're seeing a pretty unusual spread into the interior of the United States like Memphis and Chicago because they're basically inland ports with heavy rail and a heavy density in population," Cornell said."We are also seeing an increase in strategic theft spreading out across Texas, Alabama, and Missouri.
"A lot of times, they will get away with it," Cornell said. Coming into 2023, there was a 600% annual increase in this type of theft, CargoNet reported, and that trend has continued through January and February. "The more that's done remotely gives them the ability to stay arm's length away and pretend to be somebody else," Cornell said."There's really no difficulty for them to assume the name of a trucking company."
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