What does cargo theft mean?

What does cargo theft mean?

Cargo Theft is the criminal taking of any cargo including, but not limited to, goods, chattels, money, or baggage that constitutes, in whole or in part, a commercial shipment of freight moving in commerce, from any pipeline system, railroad car, motortruck, or other vehicle, or from any tank or storage facility.

How can you prevent cargo theft?

What you need to know to prevent cargo theft

1. Use high-security locks while cargo is staged.
2. Communicate consistently with dispatch.
3. Keep moving because cargo at rest is cargo at risk.
4. Know where thefts are occurring.
5. Park in secure locations.
6. Use covert tracking devices.

How can a company reduce theft of cargo?

7 ways to prevent cargo theft

1. 1) Don’t let your cargo’s destination be known.
2. 2) Do an internal audit at the distribution center.
3. 3) Use trailer door padlocks.
4. 4) Watch the hot spots and hot times.
5. 5) Get rid of dishonest employees.
6. 6) Create partnerships and alliances.
7. 7) Park safely.

Why is cargo considered vulnerable?

Some cargo is vulnerable due to its high value, such as: cameras, laptops; PDAs, valuable electronic commodities, mobile phones, phone cards (excluding cards without value), watches that can easily be stolen during transportation.

How much cargo is estimated stolen every year?

The average value of 2020 thefts was $166,854. These numbers represent a 23% increase in volume and a 41% increase in average value when compared to 2019. The numbers also represent the highest recorded volume and average value in the last five years, Sensitech adds.

How common is cargo theft?

Cargo theft in the United States is a $15 to $35 billion industry. Data compiled by the NICB showed in 2017, there were 8,676 cargo vehicle thefts reported, or about 24 thefts every day. Most occur on weekdays, with Monday and Friday being the most significant days for these thefts, totaling 6,752.

What is cargo crime?

Cargo Theft is defined as the criminal taking of any cargo as the products pass through the global supply chain. This could also include physical theft or cyber theft or documentation fraud, where the ownership, destination, or contents of a cargo shipment is altered.

What is high value cargo in air freight?

First, you need to know the value of your shipment. Generally, anything worth more than $100,000 is considered high value.

What is high value cargo in Canada?

We classify high value cargo items as 1) those with a declared value of $10,000 USD (or more) and shipped within or between the U.S. (including the Puerto Rico and the U.S. Virgin Islands) and Canada or 2) those with a declared value of more than $1,000 USD per gross kilogram that originated in a non-U.S. country ( …