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Cargo protection company Overhaul facilitated the recovery of $1.4 million in stolen electronics in an incident that points to the growth of more sophisticated criminal networks.

A bill aimed at mitigating thefts of automotive catalytic converters by making the components more traceable was recently introduced in the House of Representatives.

The trucking industry continues to confront an evolving cargo theft landscape, with experts signaling the spread of more sophisticated operations during the first quarter.

Legislation designed to respond to industry concerns associated with an increase in cargo theft was recently introduced on Capitol Hill.

Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, including many that haven’t hit the retail market yet, according to officials and court documents.   

A stakeholder representing ATA on Feb. 27 shared with a Senate panel ongoing industry concerns associated with an increase in cargo theft afflicting the nation’s supply chain.

Verisk CargoNet reported that cargo theft incidents jumped 27% year over year to a record 3,625 across North America.    

Verisk CargoNet reported that cargo theft incidents jumped 27% year over year to a record 3,625 across North America, and the estimated average value per theft increased 7.7%.

Drivers to pay more at the pump as fuel tax increases are set to take effect July 1 in California, Illinois, Indiana, Missouri and Virginia. 

Verisk Analytics’ CargoNet reported that criminal activities impacting the logistics and transportation industry increased 46% year-over-year in the first quarter of 2024. Document forgery, in particular, has emerged as a new type of crime in cargo thefts. Story via Connor D. Wolf.