These insights are crucial for our risk mitigation strategies. We continuously analyze CargoNet’s data to refine our approach, ensuring we're prepared for the latest theft patterns and behaviors. By staying informed and agile, we help our clients navigate the ever-changing landscape of cargo security. Our commitment? Turning data into actionable intelligence to protect your valuable shipments.
CargoNet recorded 771 theft incidents in the second quarter of 2024, representing a 33% increase compared to the second quarter of 2023. However, theft activity decreased by 10% from all-time highs established in the first quarter of 2024. CargoNet's analyst team noted slight behavioral shifts in the country's most prolific organized cargo theft groups operating in Southern California. Across the board, these groups evolved to be more discriminating in their shipment targets, stealing high-value freight like motor oil and computer electronics less frequently.