Cargo Theft Expected to Increase Over Memorial Day Weekend (Overdrive Online)

Cargo Theft Expected to Increase Over Memorial Day Weekend

Friday, May 24th, 2024 Fraud Property Risk Management Technology

CargoNet warns carriers and shippers of increased cargo theft risk during Memorial Day weekend, advising proactive measures to protect shipments. Extended business closures during holiday weekends create opportunities for cargo thieves, and recent trends show a significant rise in theft events during this period.

From 2019 to 2023, the number of cargo theft incidents during Memorial Day weekends rose sharply, with food, beverages, household items, and electronics being the most targeted commodities. California and Texas reported the highest theft incidents. CargoNet emphasizes the importance of securing the supply chain with specific precautionary measures to mitigate risks during this high-theft period, such as increasing surveillance, securing trailers with high-quality locks, and avoiding leaving loaded trailers unattended in unsecured locations.

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External References & Further Reading

Mid-America Catastrophe ServicesChurchill Claims ServicesSupportive Insurance Services

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