Cargo Theft and Broken Seals Can Be Costly to Transportation Businesses [Infographic]

Image of trucks at a truck stop lined up at a gas station. Cargo Pilferage and Broken Seal Events Can Be Costly [Infographic].

Pilferage and broken seals can be costly for fleet owners, freight brokers and logistics firms. If a seal is damaged, the entire cargo shipment may be rejected. Even if a small amount of cargo is stolen, the potential cost of the loss can be significant.

Below are some statistics that highlight the impact of pilferage and seal break events reported in the first half of 2020.

There were 46% more reported pilferage and seal break events in the U.S. compared to the first half of 2019.
Most events reported happened at truck stops, warehouses and parking lots.
Four counties in Texas, Illinois, Tennessee, and Georgia account for 59% of the increase in pilferage and seal break events.
Pilferage and seal break events happened every day of the week, with only a small dip on Saturdays.

These figures represent only a partial picture, as many events go unreported. Be sure you are prepared to face the risk of cargo theft and seal breaks—consider purchasing transportation, cargo and logistics insurance for your transportation business.

Source:
CargoNet “Pilferages Seal Break Statistics” report for January 1, 2019 – June 30, 2020.