We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Subscriptions
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • The Logistics of Defense
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Subscriptions
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • The Logistics of Defense
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Report finds cargo theft is most often an inside job
newsworthy

Report finds cargo theft is most often an inside job

June 19, 2019
DC Velocity Staff
No Comments
Infographic: Global Cargo Theft Trends 2018
Enlarge

A report on global cargo theft released Monday finds that the commodity most commonly stolen is food and beverage, and says the greatest threat comes from criminal organizations that recruit companies' own employees to share data on shipments and routes.

Following the food and beverage category (19 percent), the next most common thefts involve alcohol and tobacco (15 percent) and consumer products (15 percent), electronics (7 percent), and apparel and footwear (5 percent), according to "TT Club & BSI Cargo Theft Report 2018." The study was produced by the British transport and logistics industry insurance provider Through Transport Mutual Insurance and supply chain intelligence provider BSI Group.

The report includes several pieces of loss prevention advice to counter the identified threats, but points out that the biggest risk of theft comes from companies' own workers.

"In particular we would wish to emphasize The Insider Threat," TT Club Claims Executive Mike Yarwood said in a release. "As security measures become more sophisticated and widespread in practice, criminal organizations are increasingly recruiting employees of targeted companies to gain data, cargo information, delivery routes, and destinations and access to IT systems. Due diligence in recruiting and managing staff is paramount. In general, full or part-time salaried staff are less of a security risk than sub-contractors."

The research found that road transport was consistently the most common modality involved in theft (ahead of buildings and trains), but there were significant differences in the median value of the cargo affected. This ranged from just under $19,000 in Asia to around $60,000 in both Europe and North America, and to a high of $77,000 in South America.

There was also wide variation in the methods used in various regions. As a global average, the most common approach was "slash and grab" at 26 percent of cases, with "theft from vehicle" at 19 percent and "hijacking" at 17 percent. But in North and South America, hijacking was the most common method at 37 percent and 52 percent respectively. In contrast, theft in Asia most often involved "theft from a facility" at 43 percent, followed distantly by hijacking at 19 percent.

"[Our report] demonstrates the shared goal we possess of educating supply chain professionals in the threat of cargo theft across the globe," Yarwood said. "We aim to engage in a proactive approach in preventing cargo crime and also minimizing the financial loss resulting from cargo crime."

TT Club and @BSISCS have issued the second edition of their report on global cargo theft, the first to cover a full year. The report demonstrates our shared goal
of educating the industry about the dynamic cargo theft risks present across
the globe. https://t.co/SdzzZMAWRp pic.twitter.com/H2qAaP3kxj

— TT Club (@TT_Club) June 17, 2019
Transportation Supply Chain Services Trucking Business Management & Finance Safety & Security
KEYWORDS TT Club
  • Related Articles

    Report tracks rise in cargo theft from storage facilities

    Report: cargo theft rates jump over July 4th holiday

    Cargo theft spikes over holiday season: report

Recent Articles by DC Velocity Staff

Trendy investors raise logistics cash through SPACs

Crown Battery enhances green energy initiatives

Industrial businesses gearing up for post-pandemic rebound, sourcing stats show

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Roadrunner Freight bolsters LTL capabilities with $50 million in new backing

  • Southeastern Freight Lines Promotes Marty Cox to Service Center Manager in Cincinnati, Ohio

  • Pull back or go deeper—how the pandemic influenced shipper-3PL engagement

  • Boston Dynamics trials box-lifting robot for unloading trucks

  • Fleet managers grapple with host of challenges as pandemic’s impact persists

Now Playing on DCV-TV

0a4ad66a 2005 4164 a0fa a1cd5a5133c9

Automated Package Handling with Mobile Robots

DCV-TV 4: Viewer Contributed
Discover sensor solutions that allow you to use AGCs or AGVs with your conveyors to enhance your logistics operations.

FEATURED WHITE PAPERS

  • Special Report: Supply Chain Trends in Retail & Consumer Goods

  • Fortify Your Operational Resilience

  • Cold Storage Automation: Leveraging Advanced Technologies to Meet Increasing Demand

  • The modern warehouse: Maximizing productivity and capacity

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing