Cargo Business Newswire

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Friday, January 20, 2012

U.S. cargo theft up 8.3 percent

According to Freight Watch International, cargo thefts in the U.S. increased by 8.3 percent in 2011 to a total of 974.

The logistics security agency reported 853 of the 2011 thefts involved a complete container or truckload. Food and beverages were the most sought after goods, accounting for 23 percent, followed by electronics, which accounted for 17 percent of the stolen property. The average value per occurrence was approximately $319,000.

The top states for 2011 cargo thievery were California with 254 incidents; Florida, 135; New Jersey, 124; Texas, 104; Georgia, 69; and Illinois, 53.

- Business Insurance

Read the complete story: www.businessinsurance.com