CARM: What all importers need to know about CARM

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Navigating the Rising Threat of Truck Cargo Theft

Cargo Theft in the Trucking Industry

The trucking industry is currently facing a significant increase in cargo theft, which is a major concern that demands immediate attention. Recent data from CargoNet, a network focused on theft prevention and recovery, shows a worrisome surge. In the third quarter of 2023 alone, there were 692 reported thefts in North America, which is a 59% increase compared to the same period the previous year. The financial impact of these thefts is severe, with the total value of stolen goods in Canada and the U.S. reaching an estimated $449 million last year, marking a 47% increase from the previous year.

Evolution of Cargo Theft Tactics

In the past, cargo theft often involved insider knowledge, which made it easier to identify and catch the thieves. However, the situation has evolved, and modern cargo thieves are using more sophisticated methods, including cyber fraud and advanced identity theft tactics. A concerning trend is the rise of fictitious pick-ups, where thieves use counterfeit documents to carry out their thefts. This type of crime increased by 600% in 2023, highlighting the challenges faced by the industry.

Case Study: A High-Value Heist

An incident that happened in April 2023 illustrates the audacity and sophistication of modern cargo thieves. In this case, an individual used fake documents to steal $23.8 million in gold and cash from an Air Canada warehouse, highlighting the serious risks posed by these fraudulent tactics.

Strategies for Enhancing Security

To protect against these escalating threats, proactive security measures are essential. Collaborating with a trusted service provider to strengthen security protocols can make a significant difference. Key steps include thoroughly vetting carriers and drivers, as well as securing comprehensive cargo insurance to mitigate potential losses.

Expert Guidance and Support

For those seeking further guidance or needing assistance to fortify their defenses against cargo theft, experts like William Sanchez, Manager – Truck Services at Universal Logistics, can provide the necessary support and expertise to navigate these turbulent waters.


April 2024

April 30, 2024
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