Reported incidents of cargo theft were down, but the average loss value of stolen merchandise spiked significantly compared to the first quarter of 2016, according to the latest report from FreightWatch International. Both the number of incidents and average loss values have declined by double-digits compared to the same quarter in 2015.
From April to June, the company recorded 166 incidents of cargo theft in the U.S., down from 221 for the previous quarter, with an average loss value per incident $154,184, up from $112,467 in the previous quarter, according to a report issued Friday. Those numbers represent a 26 percent decrease in volume and 35 percent increase in value compared to the first quarter of 2016. The numbers also represent an 11 percent dip in thefts and a 16 percent decline in loss values compared to April-June 2015.
- See more at: FreightWatch: Cargo theft incidents down, loss values up for 2Q 2016
From April to June, the company recorded 166 incidents of cargo theft in the U.S., down from 221 for the previous quarter, with an average loss value per incident $154,184, up from $112,467 in the previous quarter, according to a report issued Friday. Those numbers represent a 26 percent decrease in volume and 35 percent increase in value compared to the first quarter of 2016. The numbers also represent an 11 percent dip in thefts and a 16 percent decline in loss values compared to April-June 2015.
- See more at: FreightWatch: Cargo theft incidents down, loss values up for 2Q 2016