CargoNet’s Noted Cargo Theft Rises:
Q2 2024 Both Up and Down

CargoNet Reports Cargo Theft Rises in Q2 2024

CargoNet, a leader in stopping cargo theft, shared its data for the second quarter of 2024. The report shows a big rise in cargo thefts compared to last year.

33% More Thefts Than Last Year

In the second quarter of 2024, there were 771 theft incidents. This is a 33% increase from the same time in 2023. However, it is a 10% drop from the first quarter of 2024. Experts noticed that theft groups, especially in Southern California, are now more picky about what they steal. They are stealing fewer high-value items like motor oil and computer electronics.

Changes in Stolen Goods

There were big changes in the types of goods stolen. Theft of vehicle parts, shoes, and electronics went down. But theft of vitamins, alcohol, and skincare products went up. The average value of stolen shipments in this quarter was $150,711. In total, about $68.5 million worth of goods were stolen.

Top States for Cargo Theft

California, Texas, and Illinois had the most thefts. In the top five counties – Los Angeles, San Bernardino, Riverside, Cook, and Dallas – thefts went down. But other areas, like Tarrant County in Texas, saw a big increase in thefts, especially around Fort Worth.

Looking Ahead to Q3

CargoNet thinks cargo theft will stay high in the third quarter of 2024. Organized theft rings in Southern California are still a big problem. There is also a rise in theft by tricking people. These thefts often involve stealing part of a shipment or not delivering it at all. This trend is expected to grow.

As cargo theft methods change, it is important for those in the trucking and shipping industry to stay alert and use strong security measures.