XTRA Lease News

Cargo Theft: The Threat Continues

Cargo theft is an unfortunate reality of doing business in the commercial trucking industry. And, while cargo theft isn’t a new trend—it can be traced back to the days of bandits and horse-drawn wagons—today’s thieves are sophisticated enough to keep pace with changing trends and technologies in transportation. For example, it’s not uncommon for criminals to use GPS jammers or to infiltrate companies as employees just to scope out the potential for theft.

Every year, Sensitech, a logistics security firm, releases an Annual Cargo Theft Report. In its most recent report, FWI claims that cargo theft continues to grow in the U.S. because of increased criminal organization.

Sensitech recorded 703 cargo thefts throughout the U.S. in 2019 with an average value per theft of more than $118,000, a 17% increase in volume and a 22% decrease in average value compared to 2018.

Driver-with-phone-gps-and-radio-brighter 2Theft data is startling, and it bolsters the case for using a trailer tracking solution . No matter what the cargo, trailer tracking provides unparalleled asset visibility, bringing to your attention unexpected changes in a trailer’s location so you can take corrective action.

Trailer tracking systems also can help ensure the safety of cargo from theft and tampering. Sensors can detect when the trailer door is open, notifying managers if cargo is accessed at an unauthorized time or location.

Chain of custody is yet another concern, as the onus is on the carrier to verify everything that took place during transport. To this end, vehicle tracking leaves a breadcrumb trail of the cargo’s transport path for a complete end-to-end picture.

No fleet wants to be vulnerable to theft, and understanding the risk is half the battle.