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Q2 cargo theft down 15pc, but value of stolen goods up 3.3pc: CargoNet

STATISTICS from CargoNet's Command Centre show that there were 192 cases of cargo theft in the second quarter of 2016, 15 per cent down on the same period last year. 

But the value of the goods increased 3.3 per cent to US$39 million, reports the American Journal of Transportation.



The total number of cargo thefts represent 65 per cent of a total of 297 reports of the various types of theft and other criminal intelligence matters relating to the United States and Canadian supply chain in the second-quarter 2016. 



Sixty-one per cent of cargo theft incidents had a loss value recorded, with the average incident valued at $330,339, up $63,243 from the second-quarter 2015. 



In second-quarter 2016, CargoNet recorded eight cargo theft incidents worth $1 million or more; in particular, one cargo theft incident was valued at an estimated $8 million.



In second-quarter 2016, $14.6 million in electronics items were stolen in cargo thefts making electronics the costliest category, but not the most frequently stolen commodity. Food and beverage items were stolen most often, though losses in the category decreased 17 per cent year on year. Also in second-quarter 2016, $3.81 million in food and beverage items were stolen.



Across the United States and Canada, 139 trailers and 124 tractors were reported stolen in second-quarter 2016, down from 173 trailers and 143 tractors in second-quarter 2015.
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