Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Cargo Thefts Down, Average Loss Skyrockets

“The average loss-value ceiling continues to rise and illustrates that organized cargo thieves continue to aggressively target high value freight,” FreightWatch said in its report.

by Staff
October 29, 2014
Cargo Thefts Down, Average Loss Skyrockets

The darkest areas on this map show where truck cargo thefts happened the most in the thrid quarter of the year. Credit: FreightWatch International

3 min to read


The darkest areas on this map show where truck cargo thefts happened the most in the thrid quarter of the year. Credit: FreightWatch International

The number of truck cargo thefts in the U.S. fell in the second quarter of the year, but the average loss per heist doubled during the same time, according to a new report from FreightWatch International.

Ad Loading...

The logistics security services provider recorded a total of 208 incidents.

Ad Loading...

The average loss value per incident during the quarter was $321,521 a 104% increase from the third quarter of 2013 and 82% higher than the previous quarter, while the number of thefts declined by 20%.

“The average loss-value ceiling continues to rise and illustrates that organized cargo thieves continue to aggressively target high value freight,” FreightWatch said in its report.

Once again, the product type most often stolen was food/drinks with 18% of all incidents in the U.S. during the quarter. The electronics product type was the second most stolen category, accounting for 17% of all thefts. The home/garden sector experienced the third most thefts with 15% while nearly half of its thefts were in the appliances sub-category.

The average losses in specific product types varied widely. The product type of pharmaceuticals/medication had the highest average loss value in the second quarter at $2 million, due to one substantial theft. The electronics product type experienced a 279% increase in average loss value from the 2013 third quarter, coming in second place at just under $1.1 million, due in part to four separate thefts valued at over $1 million each. Pharmaceuticals/supplies registered as the third highest average value at $453,625, also due to a single theft. Alcohol/tobacco and personal care also logged higher than typical theft values, with $421,407 and $412,000, respectively, as did metals with a value of $102,785.

After a brief second place stint during second quarter of this year, California once again claimed the top spot among U.S. states with the most cargo thefts, 21.4% of the total, a 36% increase over its second quarter volume but a 46% drop from the same quarter last year. Florida dropped back down to second place with 17% of thefts ,a 28% decrease from the previous quarter but a 10% increase from the same quarter last year.

Ad Loading...

Texas remained steady at third place, logging 13% of thefts. Seeing a surge in volume counter to the national decline, New Jersey saw increased criminal activity and logged a total of 33 thefts for 13% of the total, an 82% increase over the second quarter and an 11% gain from the third quarter of 2013.

“Interestingly, Washington has made its first appearance on the list of top states, with four reported thefts with 2% of the total. This seems to be the first indication that the cargo theft ring that was reported to have relocated out of California is actively targeting freight in the Pacific Northwest,” said FreightWatch.

Together, the top four states accounted for 62% of national cargo thefts.

A major factor in cargo theft risk is locations where freight is left unattended, according to FreightWatch. Of the incidents in which a location was recorded, unsecured parking accounted for the greatest number of incidents with a total of 132 thefts, nearly a quarter of which took place at truck stops.

Following previous trends, incidents involving thefts of the trailer or container were most common during the third quarter representing 85% of all thefts. In a tie for second, both deceptive pickup and facility burglary each had nine thefts, each dropping slightly from the second quarter of the year.

Ad Loading...

“There were many more reports of carriers with compromised identity, indicating that deceptive pickup remains a viable and growing threat,” according to the report. FreightWatch International said despite the increased reports it only records confirmed theft instances.

The full report is available on the FreightWatch International website at http://www.freightwatchintl.com

 

More Fleet Management

Cloud computing concept background with human and robot hands concept
Fleet ManagementApril 14, 2026

The AI Conversation You Need to Have with Your TMS Provider

Everyone’s talking about AI — but is your transportation management system actually built for it?

Read More →
Sharp Transportation tractor-trailer
Fleet Managementby News/Media ReleaseApril 14, 2026

Kriska Buys Fellow Canadian Carrier Sharp Transportation Systems

Being part of KTG will allow Sharp to expand and improve its services.

Read More →
Illustration with stacks of money and a shattered car windshield
Fleet Managementby Deborah LockridgeApril 13, 2026

Bill in House Would Raise Minimum Insurance for Motor Carriers to $5 Million

The Fair Compensation for Truck Crash Victims Act would increase insurance requirements for interstate motor carriers by nearly seven times.

Read More →
Ad Loading...
FTR market report for February 2026.
Fleet Managementby News/Media ReleaseApril 10, 2026

FTR Trucking Conditions Index Hits Four-Year High in February

Strong freight rates push TCI to 10.2, but FTR expects fuel-price volatility to skew March results.

Read More →
C.H. Robinson intermodal.

C.H. Robinson Offers Carriers Relief as Diesel Prices Surge

C.H. Robinson is waiving fees on fuel cards and cash advances for April and May, aiming to help carriers offset rising diesel costs tied to geopolitical instability.

Read More →
Fleet Managementby StaffApril 8, 2026

What Trucking Events are Happening in 2026?

Looking for trucking-related conventions, expos, and other events? Heavy Duty Trucking has developed this list of national and larger regional trucking shows and events.

Read More →
Ad Loading...
Peter Voorhoeve, president, Volvo Trucks North America.
Fleet Managementby Jack RobertsApril 6, 2026

Volvo’s Quiet Confidence Turns into a Full-Throated Bet on the Future

After years of steady, methodical progress, Peter Voorhoeve says the OEM’s latest lineup isn’t just evolutionary. It’s delivering real, measurable gains for fleets right now.

Read More →
Beyond Trucks Rate Agent TMS.
Fleet Managementby Jack RobertsApril 2, 2026

BeyondTrucks Targets Rate Complexity with New AI RateAgents

BeyondTrucks says its new RateAgents can turn plain-language rate logic into working code, starting with fuel surcharges — a critical but notoriously complex piece of carrier revenue.

Read More →
Magnus Koeck, vice president of strategy, marketing, and brand management, Volvo Trucks North America
Fleet Managementby Jack RobertsApril 2, 2026

Volvo Sees Market ‘Tipping Point’ as New VNL Orders Surge

Soft freight conditions persist, but aging fleets, strong order intake, and new-product momentum signal a more optimistic second half of 2026, Volvo Trucks North America says.

Read More →
Ad Loading...
Illustration of a semi-trailer with a sports playbook diagram on chalkboard
Fleet Managementby Deborah LockridgeApril 1, 2026

Cargo Theft’s New Playbook: Strategic Fraud, Double Brokering, and Cybercrime Hit Trucking

Cargo theft is evolving from regional smash-and-grab operations to sophisticated fraud schemes. Strategic theft now accounts for roughly a third of cargo crime, with incidents rising sharply in recent years. Here’s how the schemes work — and what fleets can do to protect themselves.

Read More →