Cargo Theft Costs Trucking, Logistics Firms $18M Daily

Cargo Theft Costs Trucking, Logistics Firms $18M Daily - TT

ATRI researchers conducted numerous interviews with industry participants who lost goods due to cargo theft. They also had input from experts who work to monitor and prevent this crime.

Transport TopicsNoël Fletcher

ATRI’s 70-page report determined that numerous weaknesses throughout the supply chain are making cargo an easy target for criminals and creating difficulties for victims to prevent future incidents. The report evaluated cargo theft data from motor carriers, logistics service providers, insurers and others to understand and quantify the scope and causes of cargo theft.

“Unfortunately, we’ve reached a point where cargo theft has become a standard cost of doing business for trucking companies, with consumers ultimately footing the bill for many billions of dollars in losses. Something must be done to stop these costly crimes,” said Ben Banks, president of TCW Inc. “ATRI’s new research on cargo theft puts real-world numbers to the issue and will hopefully motivate stakeholders to act quickly on solutions.”

Finezit - Stop Freight Theft with Advanced GPS Tracking

Stop freight theft before it happens! Don’t be the next victim of cargo theft - protect your valuable shipments with cutting edge GPS tracking technology. Your cargo is too valuable to leave unprotected.

Stop Freight Theft with Advanced GPS Tracking