The average loss value per load also fell 16 percent in the quarter, according to FreightWatch, putting the number at $182,115. That number, however, is also a small increase from the April-June quarter’s$ 174,415. Moreover, FreightWatch’s report says the risk level for cargo theft in the U.S. remains at “high,” meaning “cargo theft is a common activity, especially in geographical hot spots,” FreightWatch’s report notes. “Targeting by organized crime exists and violence does occur.” Food/drink loads remained the most stolen, with 34 thefts in the category occurring during the June-August quarter, accounting for 19 percent of the total. Meats, carbonated drinks and mixed food products remained the most targeted types in the category.
Electronics loads jumped to No. 2 with 32 thefts, 18 percent. Televisions, cell phones and audio equipment made up most of the targeted loads. Loads of home/garden products — applianced, bedding, furniture — accounted for 24 thefts, or 13 percent of incidents. Like most quarters, five states accounted for nearly 70 percent of all thefts: California, Florida, Texas, Georgia and Illinois. California had the most thefts, 36, and made up 20 percent of the total. Florida was second with 19 percent — 34 — of the total thefts. Texas was third with 27 thefts, 15 percent, and Georgia followed with 14 thefts, 8 percent. Illinois’ 13 thefts accounted for 7 percent.
Theft of trailer/container again accounted for a large majority of the thefts, with 153 (84 percent) of the quarter’s thefts coming there. Facility burglaries made up 6 percent of the total, while deceptive pickups (4 percent) and theft from trailer/container and driver thefts (5 percent combined) made up the rest. Loads of pharmaceuticals (medication) led the average loss value per load by a wide margin, averaging $2 million. Pharmaceuticals (supplies) had the second highest average loss value at $453,625, followed by loads of alcohol/tobacco ($401,759), personal care products ($339,549) and electronics ($310,262).
