NICB Releases 2010 Report on Cargo Theft

The National Insurance Crime Bureau (NICB) today issued its 2010 National Cargo Theft report. NICB identified 747 cargo thefts across the nation in 2010 with an estimated loss value of $171,000,000. Cargo theft can occur at anytime and anyplace while goods are in transit between shipper and destination, regardless of transport mode. Although most thefts are from freight moving primarily by truck or rail, intermodal and air freight are susceptible as well. The states with the most cargo theft incidents were: California (247), Texas (91), Florida (66), Illinois (56), Tennessee (40) and Georgia (39). Electronics were most often the theft target (139 thefts) followed by food (108) and clothing (73).