Combatting Cargo Theft and Freight Fraud: Proven Strategies
Trinity Logistics
NOVEMBER 24, 2023
In recent years, the transportation industry has seen a concerning rise in cargo theft and fraud, and the culprits behind it are becoming increasingly sophisticated with their tactics. According to Land Line , cargo theft increased by 49 percent in the first quarter of 2020, with an average cargo loss value exceeding $105,000 per incident. In a recent report in July 2023 by CargoNet , it was found that supply chain risk events increased 57 percent year-over-year (YoY), accounting for 44 million
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