Cargo Theft & Organized Crime Targeting Logistics

Definition

Cargo theft incidents in North America surged 26% in 2024 over 2023 with actual losses potentially exceeding $1 billion. The thefts are increasingly organized, sophisticated, and strategic, often coordinated by foreign dispatchers and brokers working with foreign-born drivers inside the United States. SMBs operating small fleets are particularly vulnerable because they cannot implement advanced tracking, secure facility infrastructure, or real-time monitoring systems that larger carriers deploy. Thieves target high-value freight (electronics, pharmaceuticals, food products) and coordinate with insiders. Each theft represents both direct cargo loss and insurance deductibles, plus operational disruption, customer dissatisfaction, and potential liability claims. SMB carriers often lose entire shipments worth $50,000-$200,000.

Why This Matters

GPS/IoT tracking platforms, load authentication & blockchain verification, driver vetting services, secure facility network partnerships, insurance optimization, cargo recovery services

Affected Stakeholders

Owner/Fleet Manager, Operations/Dispatch Manager

Related Business Risks