#loss-prevention
(27 articles)Cargo Theft Costs 4-7x More Than Stolen Goods Value
A new analysis by LivingPackets reveals that cargo theft imposes catastrophic hidden costs far exceeding the direct value of stolen goods. Research indicates that for every euro of direct loss, busine
Business Interruption Claims Now 70% Larger Than Property Damage
Allianz's analysis reveals a significant structural shift in business losses: average business interruption claims now exceed property damage claims by 70 percent. This trend reflects the reality that
Allianz Report: Business Interruption Losses Surge Globally
Allianz, a global insurance leader, has documented a significant uptick in business interruption losses affecting companies worldwide. This trend reflects the compounding vulnerabilities in modern sup
Freight Leaders Deploy AI to Combat Rising Cargo Theft
Freight industry leaders are increasingly turning to artificial intelligence solutions to combat cargo theft, a persistent supply chain challenge that impacts margins and customer trust. The article h
YMX Yard Tech Recovers $60K Missing Retail Freight
YMX yard management technology successfully helped a major retailer recover $60,000 in missing freight by providing enhanced visibility and tracking capabilities within yard operations. This case demo
Cargo Thieves Laundering Stolen Freight Through Supply Chains
Cornell University research has identified a concerning trend: organized cargo theft rings are systematically moving stolen freight through legitimate supply chain channels, effectively laundering sto
$2M Cargo Theft Ring Busted in Southern California Logistics Centers
Federal authorities have secured convictions in a significant cargo theft operation that resulted in approximately $2 million in losses across multiple Southern California logistics hubs, including fa
FBI Warns: Cyber Schemes Now Enable Millions in Cargo Theft
The FBI's Memphis Cargo Theft Task Force has documented a fundamental shift in how freight criminals operate. Rather than targeting shipments opportunistically at warehouses or during transit, modern
Cargo Theft Costs Exceed $1M Annually for 40% of US Companies
A comprehensive survey of 150 U.S.-based loss prevention and organized retail crime professionals reveals an escalating cargo theft crisis that demands immediate strategic response. Forty percent of s
Federal Indictments Halt $600K Cargo Theft Ring in Memphis
Federal prosecutors have indicted three individuals in connection with nearly $600,000 in interstate cargo theft affecting commercial freight operations in West Tennessee and beyond. The cases reveal
Trucker Flees With $250K Stolen Speakers; False Docs Enable Multi-State Theft
On September 9, Nebraska State Patrol intercepted a commercial semi at a truck stop near Gothenburg containing approximately $250,000 in stolen commercial speakers, along with other merchandise traced
Mississippi Targets Organized Cargo Theft Crisis
Mississippi is positioning itself as a hub for combating organized cargo theft, a growing threat to North American supply chains. Organized theft rings target high-value shipments on major trucking co
Major Cargo Theft Ring Sentenced: $1.5M Philadelphia Heist
A coordinated cargo theft ring operating in the Philadelphia region from January through July 2023 targeted parked tractor-trailers, stealing over $1.5 million in merchandise including frozen seafood,
Cargo Theft Rising: How Logistics Firms Can Protect Shipments
Cargo theft represents a growing operational and financial risk for freight and logistics operators globally. The Lockton analysis highlights how organized theft, opportunistic pilferage, and supply c
Cargo Theft Cases Drop 50%, But Losses Surge: TAPA Alert
The Transported Asset Protection Association (TAPA) has released findings showing a paradoxical trend in European cargo theft: while the number of reported theft incidents has decreased by approximate
$647K Nike Cargo Recovered After Fraudulent Pickup Scheme
On August 21, an unknown individual executed a sophisticated cargo theft scheme at a Nike facility in Memphis, Tennessee, using fraudulent documentation to authorize the pickup of approximately $647,4
How RFID & Serialization Combat $131M Quarterly Cargo Theft
Organized retail theft represents a structural and growing threat to supply chain operations, with cargo theft reaching $131 million in Q1 alone. This surge underscores a critical vulnerability in sup
US Cargo Theft Remains at Historic High Despite Q2 Decline
Despite a modest 5% year-on-year decline in Q2 2026, cargo theft in the United States remains at historically elevated levels, according to supply chain intelligence firm Overhaul. The company recorde
Texas Police Bust $272K Precious Metal Cargo Theft Ring
Texas authorities arrested two men, Rahual Phore, 25, and Virender Phore, 36, after intercepting an 18-wheeler loaded with 32,000 pounds of precious metals valued at approximately $272,000 in Sealy, a
Why Cargo Theft Is Easier Than Expected in Modern Supply Chains
Cargo theft represents a significant and often underestimated security vulnerability in modern supply chains. Despite advances in tracking technology and logistics infrastructure, thieves find it rema
Cargo Theft in Europe: A Strategic Supply Chain Risk
Cargo theft across European supply chains has escalated from isolated incidents to a **structural business risk** affecting multiple sectors and trade lanes. What distinguishes this challenge from his
European Cargo Theft Now a Strategic Supply Chain Risk
Cargo theft in Europe has evolved from a localized operational nuisance into a systemic business risk that demands strategic attention from supply chain leaders. The article highlights how organized c
RXO Freight Security Initiative Strengthens Supply Chain Protection
RXO, a leading North American transportation and logistics provider, has implemented a targeted freight security enhancement that is drawing significant market attention. This initiative represents th
MODE Global & Overhaul Launch Real-Time Cargo Theft Detection
MODE Global has announced a strategic partnership with Overhaul to integrate real-time cargo theft detection capabilities into supply chain visibility platforms. This collaboration represents a signif
Montana Equipment Theft: $182K Loss Highlights Rental Security Gaps
A Montana man received a 41-month federal prison sentence for stealing approximately $182,000 in construction equipment from RDO Rental Equipment in Kalispell and transporting it across state lines to
$1.3M Cargo Theft Ring Busted: Copper Wire & Data Center Equipment Recovered
Law enforcement in Cook County, Illinois, dismantled a significant cargo theft operation, recovering two trailers containing over $1.3 million in high-value commodities stolen from Alabama and Florida
CHP Recovers $2.2M Stolen Cargo in Anaheim Warehouse Raid
The California Highway Patrol successfully executed a search warrant at an Anaheim warehouse on June 18, recovering over $2.2 million in stolen cargo connected to multiple ongoing theft investigations