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Scott Cornell - 1 Keith Lewis - 1 we're - 1 Ron - 1 they're - 1 Barry Conlon - 1 Louis Vuitton - 1 Drake - 1
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Travelers - 1 CNBC - 1 Cargo - 1 Street Journal - 1 Nike - 1 Service - 1 Nordstrom - 1 CargoNet - 1

Search resuls for: "CargoNet"


3 mentions found


☆ Cargo theft spiked over 57% in 2023 vs. 2022, new data shows
  + stars: | 2024-01-22 | by ( Andrea Miller | In Dreajmiller | ) www.cnbc.com   time to read: +1 min
Cargo theft incidents were up more than 57% in 2023 compared with the year prior, according to CargoNet, a Verisk company. I haven't seen cargo theft at this level," Scott Cornell, the national practice transportation lead at Travelers, told CNBC. Nearly $130 million worth of goods was stolen in 2023, but since reporting cargo theft is not mandatory, the amount is likely higher than this, according to CargoNet. "Now, we're probably taking in about 220 plus a month of cargo theft events." Cargo theft refers to goods being stolen at any point in the transportation journey and incidents have reached unprecedented levels.
Persons: Scott Cornell, Keith Lewis, we're, Ron, they're, Barry Conlon Organizations: Travelers, CNBC, Cargo Locations: CargoNet, California , Texas, Florida, Louisville , Kentucky
☆ Smash-and-grab robberies are out, organized cargo theft is surging up 57% higher than last year, and the thieves are targeting your Nikes
  + stars: | 2023-08-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com   time to read: +3 min
While smash-and-grab robberies still happen, organized cargo theft is becoming more prevalent. Cargo theft has surged up 57% compared to 2022, with industry leaders calling thieves "emboldened." The Wall Street Journal identified Nike shipments as one of the most commonly targeted for theft. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The Wall Street Journal reported one type of shipment is particularly popular with thieves: Nikes.
Persons: Louis Vuitton, Drake, CargoNet, Nick Stewart Organizations: Street Journal, Nike, Service, Nordstrom, CargoNet, Street, CNBC News, Walmart, Target, Los Locations: Wall, Silicon, California, Canada, Angeles, California , Texas, Florida, Illinois, Chicago , Portland, Albuquerque, Minneapolis , Philadelphia, Los Angeles County
☆ Cargo theft, led by food and beverage, is surging across the US
  + stars: | 2023-03-25 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +3 min
1 on the list of products being targeted by freight thieves who are increasing their criminal activity across the national supply chain. While household goods and electronics are still high on the list of cargo thieves, "Now, we're starting to see food and beverage commodities pull up front," Cornell said. Zoom In Icon Arrows pointing outwardsAccording to CargoNet's latest theft report through February, there was an almost 50% increase year over year in beverage and food cargo theft. According to the FBI, cargo theft is estimated to cost trucking companies and retailers at least $15 billion to $30 billion a year. Cities that are seeing a spike in freight theft include Los Angeles, Houston, Miami, Savannah, Newark, New Jersey, Memphis and Chicago.
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