Bullseye Adjusting & Associates LLC

Second Quarter 2018 Cargo Theft Trends Analysis

 Friday, August 31, 2018

 CargoNet

In the second quarter of 2018, CargoNet® recorded 328 supply chain risk intelligence events in the United States and Canada. Sixty-four percent of incidents involved a stolen vehicle, and 48% involved stolen cargo among several other kinds of events, such as identity theft, missing drivers, and police intelligence. In total, CargoNet recorded 157 cargo thefts across the United States and Canada in second-quarter 2018, a 4% decrease from second-quarter 2017. The average cargo value per theft event was $186,779, for a total estimated loss of $29.3 million across the United States and Canada in this analysis period. There were 342 stolen vehicles recorded, including 120 semi-tractors and 155 semi-trailers.
AutoExcess & Surplus Lines
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