Cargo Theft: Is it Real or Just a Bunch of Bull Ship?

According to industry observers, cargo theft and loss estimates range from $10 billion to $30 billion a year. Yet, when we talk to logistics and shipping companies to offer solutions to deter cargo theft, the most common response is, “We don't have any theft problems and even if we did, our insurance will pay for it!”

If no one truly has a theft problem, insurance rates would still be affordable and we would have little need for the products and services offered by so many of today's cargo theft organizations and associations.

It's understood that cargo theft is an extremely sensitive issue. But it seems when people deny having a problem with cargo theft, it contributes to the problem and enables thieves to grow their lucrative business at our expense.

View the rest of this article or leave a comment.