Rising Risk: Cargo Fraud

Cargo theft is becoming more complex and lucrative, with Q1 2025 data from CargoNet revealing a 42% increase in the average loss per incident, even as overall thefts declined. Traditional straight thefts are giving way to strategic and fraud-based crimes, including contact scams and identity theft. Key theft categories now include food and beverage, metals, and apparel. Overhaul’s data points to a 36% increase in cargo theft events year over year, with pilferages comprising nearly half of all incidents. California and Texas remain hotspots, though geographic spread is growing.

Industry experts at Verisk, Overhaul, and TAPA highlight a growing specialization among theft crews, with over 15 known methods now in play. This shift from regional smash-and-grab operations to global, tech-driven schemes is leaving companies scrambling for protection. 

TLC is your partner in the fight against cargo fraud. Contact us today to discuss how we’re adapting to this evolving threat to keep your cargo secure.

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