CargoNet News

3Q Supply Chain Analysis Shows Organized Crime Driving Increased Theft Activity

A new report shows a large year-over-year increase in cargo theft incidents and evolving organized crime tactics. A CargoNet analysis of cargo theft trends for the third quarter of 2024 shows 776 cargo theft events across the U.S. and Canada …

Business News: Coverys, CargoNet, Novarica

Coverys Invests in Patient Engagement, Medical Education Companies Coverys, a medical professional liability insurance provider, announced investment in two separate organizations, Knowledge Diffusion, Inc. (Osmosis) and Pack Health, LLC (Pack Health). Both organizations provide innovative resources that help improve patient …

Long 4th of July Weekend Prime Time for Cargo Theft

Though families use the Fourth of July weekend to reconnect at picnics and barbecues, cargo thieves are expected to take advantage of the long three-day weekend by stealing truckloads of nonalcoholic beverages, major appliances and copper. That’s according to CargoNet, …

Business Moves

CargoNet and Florida Trucking Association Align to Mitigate Cargo Theft in Florida An alliance between CargoNet and the Florida Trucking Association (FTA) to help members reduce cargo theft risk and lobby for stricter penalties and more public resources has been …

Midwestern Theft Ring Busted Amid Rising Cargo Thefts

Cargo theft increased 11 percent this year, according to CargoNet, a division of Verisk Crime Analytics, and law enforcement is taking notice. Earlier this year, Tim Lynch, government affairs director, for the National Insurance Crime Bureau, spoke to Claims Journal …

Cargo Thefts Up 11% Over Same Time Last Year, July 4 Popular Among Thieves

Across the United States, cargo theft is up 11 percent in these rolling three months from the same period in 2014, according to CargoNet, a division of Verisk Crime Analytics, a Verisk Analytics business. California, Florida, and Illinois have the …

California Men Admit Roles in Kansas Cargo Theft Case

Two California men on Tuesday admitted to taking part in an attempted theft from a Kansas slaughterhouse in which prosecutors say the would-be thieves posed as a legitimate trucking firm to try to steal beef. Oganes Nagapetian, 53, pleaded guilty …

Thieves Pose as Truckers to Steal Huge Cargo Loads

To steal huge shipments of valuable cargo, U.S. thieves are turning to a deceptively simple tactic: They pose as truckers, load the freight onto their own tractor-trailers and drive away with it. It’s an increasingly common form of commercial identity …

Sophisticated Tools Let Thieves Target Specific Cargo

Though pharmaceuticals and electronics are the most expensive items cargo thieves target, food and beverage cargo is also popular because this product is often not secured as well as bigger ticket items, according to Keith Lewis, vice president of operations …

Sentry Insurance Unites With CargoNet to Combat Cargo Theft

Sentry Insurance has joined CargoNet, a division of Verisk’s ISO Crime Analytics unit, in an effort to combat cargo theft through information sharing between the insurance and trucking industries and law enforcement. As a member, Sentry will provide its motor …