Credit: ibravery/Adobe stock..

Increasing cargo theft in the freight industry has shippers looking for new coverage.

Ninety percent of shippers opted for insurance in 2024, according to a recent Mothership study, after theft in the U.S. and Canada increased 14% year-over-year in the third quarter of 2024, totaling more than $39 million of cargo in nearly 800 incidents. Some incidents of freight theft can total $1 million in value or more alone.

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Joe Toppe

Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.

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