Nov 13, 2020 8:30:00 AM
Cargo theft continues to plague the transportation industry, and this year has seen theft activity over 15% higher than pre-pandemic levels. It may seem like cargo theft is a victimless crime, but it affects all of us because manufacturers price their goods to include a theft component. While it is difficult to tally the amount of loss attributed to cargo thefts annually, the National Insurance Crime Bureau estimates cargo theft costs up to $35 billion dollars per year. Thefts typically increase around the holidays.