46% Q1 2024 cargo theft increase, over 900 cases reported, CargoNet warns of Memorial Day theft spike with average $264k stolen per event.
Cargo theft incidents have risen by 46% in Q1 2024, with over 900 cases reported. CargoNet warns of increased thefts during the Memorial Day weekend, with the average stolen cargo value at $264,016 per event. Supply chain professionals should enhance carrier qualification practices, sign-in procedures, and monitor for unauthorized changes in motor carriers' contact information, particularly in states like California, Texas, and Florida.
May 24, 2024
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