Beware of truckers willing to take an undesirable load for a price less than the industry standard. This could be a set-up for theft. (Photo: Shutterstock)
As closed warehouses and unattended trucks fall silent during the holiday season, enterprising thieves are using the opportunity to target these environments, and their hauls are proving quite lucrative.
A study by CargoNet found that supply chain theft increased significantly between Dec. 23 and Jan. 2 for the past five years. There were 176 incidents reported to CargoNet with an average cost of $116,030 for a total loss value of $6,033,572. The top locations targeted were retail parking lots, truck stops and secured yards, and the number of incidents has grown in each successive year.
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Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
