
Introduction Record Cargo Theft: The Growing Threat According to CargoNet, cargo thefts in 2024 surged to 3,625 reported incidents, representing a 27% increase over the previous year. The estimated average value per theft reached $202,364, up from $187,895 in 2023. Such significant spikes in theft are a cause for concern, especially considering the long-term financial impact on businesses. The rise in theft activity wasn’t limited to a few isolated incidents but was spread across key regions in the United States and Canada. California and Texas saw some of the sharpest increases, with theft incidents rising 33% and 39%, respectively. These