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.

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