Freight truck crime on the rise

Freight truck crime on the rise

The second annual report on cargo theft worldwide, issued by international transport and logistics insurer, TT Club, and global provider of supply chain intelligence, BSI, has confirmed the overwhelming targeting of cargo trucks compared to all other modalities.

The consistency of this trend year-on-year is also reflected in the 2019 data analysis of top commodities stolen; food and beverages representing 28 per cent of all reported thefts in comparison with 19 per cent in 2018. Other 2018 to 2019 results comparisons are presented in the infographic.

The BSI and TT Club Cargo Theft Report 2020, available here is unique in that it analyses data from BSI’s supply chain security country risk intelligence tool, SCREEN, and TT Club’s insurance risk management and loss prevention insights.

The authors believe the report can play a significant role in educating supply chain professionals in the detailed risk of cargo theft across the globe. Both parties are committed to a proactive approach to minimising human, material and financial losses resulting from cargo crime.

TT Club’s Mike Yarwood urges all those concerned about cargo security to read the report but emphasises one identified trend in particular: “Thefts either of, or from road vehicles most frequently occurred while in transit, in rest areas or an unsecured parking location. These accounted for 60% of those thefts reported.”

The report includes further advice on how theft risks can be reduced. This section is once more co-authored by BSI’s Advisory Supply Chain Security team and the TT Club’s claims and loss prevention team.