Cargo Thefts Hit Five-Year High in 2020

There were 870 cargo thefts throughout the United States in 2020, an increase of 23% compared with thefts in 2019, and the highest recorded volume in the last five years, according to an annual report conducted by Sensitech, a product and service provider of solutions to monitor the supply chain.

The average value of the thefts in 2020 also jumped to a five-year high of $166,854, an increase of 41% compared with 2019 numbers. In 2020, there were 10 thefts valued at $1 million or more, compared with four thefts in 2019.

Sensitech offiicals said in the report that they consider cargo thefts to be on the rise.

 

The rest of the article can be found here.

We've got you covered.

Protect what matters most to you with our customized insurance programs and other specialty insurance offerings that meet the unique risks of various industries, professional services, and personal needs.

    1120 BRISTOL STREET
    COSTA MESA, CA 92626

    About Us

    News

    menu