Cargo theft in the United States is on the rise, according to FreightWatch International, with food and drinks surpassing electronics as the most popular target of thieves.
"It is a constant, ongoing problem not only in the U.S. but globally," Alan Spear, director of cargo security loss control for Chartis Global Marine, told National Underwriter. "It is a very damaging event for any company that experiences the loss."
The average loss value per incident in 2010 was $471,200, according to FreightWatch.
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