The security threat landscape for cargo and other property crimes is constantly evolving, and criminals are not afraid to get creative with their scams and schemes. According to Overhaul’s report, North American cargo hubs and major cities saw a 49% increase in cargo theft incidents in the first half of 2024 compared to the same period in 2023. The financial impact of these incidents is also on the rise. According to Overhaul’s report, the average loss per cargo theft incident in the first half of this year reached $115,230, an 83% increase compared to the first half of last year. They say the trend highlights how sophisticated and ambitious cargo thieves are becoming. California is the most affected by these crimes, with 45% of all reported cargo thefts occurring within the state. Southern California’s Red Zone, which consists of the first 200 miles of cargo leaving the region, accounts for 36% of the country’s cargo theft, with an average of 58.6 thefts per month. “The increasing frequency and scale of cargo theft has made it clear that companies need to better manage supply chain risk and control shipments,” said Barry Conlon, Overhaul CEO and Founder. he said in a release about the report. “Criminals are not only more organized, they are also tracking packages leaving warehouses and distribution centers known to store valuable goods, making it easier for them to attack vehicles when they are vulnerable. In the slideshow above, we look at five of the most prominent property and cargo theft trends in 2024, according to Amarok.
