In 2023, CargoNet, a Verisk company, reported a staggering 57% increase in cargo theft incidents compared to the previous year, estimating the value of stolen goods at nearly $130 million. The rise in theft is unprecedented, with a 68% year-over-year increase in Q4 2023 and a 41% increase in incidents in the first 20 weeks of the year. California, Texas, and Florida are the most affected states, with inland logistics hubs like Louisville, Kentucky, also experiencing a surge in reports.

To address the growing threat, companies are turning to technological innovations such as digitally locking systems, telematics, real-time tracking, and product-level tracking. Uber Freight is particularly focusing on product-level tracking, while Overhaul’s smart door seal with GPS and Bluetooth technology alerts when tampered with.

A concerning trend is the rise in cargo train theft, especially on the southern border. Reported cargo theft cases in the United States have nearly doubled since 2019, with the Los Angeles basin becoming a hotspot. The Train Burglary Task Force is investigating cases like that of Victor Llamas, who demonstrated detailed knowledge of shipping containers and targeted trains, storing stolen goods in motel rooms. Union Pacific reported a 160% increase in daily container openings, raising alarms about the theft of various goods, including firearms.

The scale of the issue is massive, with around 20 million containers moving through the ports of Los Angeles and Long Beach annually, making them prime targets for theft once they leave the security of the ports. The article also highlights discussions among industry figures on the influence of organized crime groups on the rising trend in theft.

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