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Cargo theft in North America has continued to rise in 2020. The COVID-19 pandemic has changed the focus and targets of the criminal elements behind these nefarious activities. In April 2020, the number of thefts jumped a staggering 107% when compared to April 2019. As of September 30th, nearly 1,100 incidents had been reported within Canada and the U.S. for the first 9 months of the year.
As we enter the 2020 holiday season, industry experts anticipate an increase in the number of stolen cargo attempts, with a continued emphasis on targeted commodities such as food & beverages as well as COVID-19 influenced items such as toilet paper, paper towels and Personal Protective Equipment (PPE).
The average value per theft is listed at $230,000 so far this year, up from $151,000 in 2019. Industry professionals attribute this to the increase in medical supplies being targeted.
Furthermore, the stress of the pandemic on employees, in conjunction with workplace uncertainties that include limited and changed hours of operations as well as staff shortages, have also been indicated as key factors leading to enhanced risks.
These pressing issues highlight the importance of protecting your shipments with adequate cargo insurance. We can provide insight and guidance in this area to ensure your freight is protected and you are not exposed to financial peril.
For more information, contact William Sanchez, Manager – Truck Services.
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