FreightWatch Releases Third Quarter Cargo Theft Statistics

FreightWatch recently released its cargo theft findings for the July through September time period. Key findings from FreightWatch’s report are as follows and can be found at

*There were 152 cargo theft incidents reported in 2015’s third quarter.

*“The average loss value per incident during this time was $199,467,” a 7% increase over second quarter and a 38% decrease compared to the same period last year. 1

*One of these thefts was valued at over $1 million.

*Food/Beverages were the number one stolen product accounting for 22% of thefts. Electronics came in second at 12%, followed by auto & parts (11%), home & garden (11%), and building & industrial (9%).

*Most thefts occurred in unsecured parking areas (82%).

*Full truckloads were reported stolen in 81% of cases followed by pilferage (9%), fictitious pickup (5%), and facility theft (5%).

We at Road Scholar Transport take security seriously and are proud members of CargoNet, a group dedicated to theft prevention and recovery. We apply security features to our fleet which include van and reefer tracking, electronic door monitoring, geo-fencing, internal security gates, and more, along with our brightly colored awareness trucks which make our trucks easily recognizable and harder to steal. And with uniformed drivers, you can be sure a qualified Road Scholar representative is picking up and delivering your freight.

Whether it be a fraudulent pick up, unsecured parking area, or insider job, it is imperative to take extreme caution and steps in preventing all types of cargo theft. That’s why Road Scholar Transport is offering the following tips:

*Do not leave cargo unattended. If necessary, be sure that the trailer is in a secure area.

*Vet out carriers and verify drivers prior to trusting them to handle your products. Road Scholar performs regular background checks on all of our drivers and ensures that only the most qualified drivers are picking up and delivering your products.

*Utilize trailers equipped with security features including satellite tracking, navalock, geo-fencing, and electronic door monitoring.

By taking the above steps, you can help reduce cargo theft. Contact us for an LTL or truckload rate quote and experience our high security shipping today.