Cargo Theft in North America Sees Record Surge in 2024

Source: OVERHAUL

Cargo theft has reached critical levels in 2024. According to Overhaul’s Annual Cargo Theft Report, the United States recorded 2,217 thefts, reflecting a 49% increase from 2023. The average stolen cargo value also rose by 17%.

In Canada, Ontario remains the most affected province, accounting for 85% of all recorded thefts. Full Truckload Theft continues to be the most common method, making up 64% of total incidents. Electronics remained the top targeted product category, comprising 24% of thefts in the U.S. and 31% in Canada.

The report also provides an in-depth analysis of rail and train yard thefts in the U.S., along with recommendations on how to enhance cargo security.

As cargo theft continues to rise across North America, shippers and carriers must stay informed about unique risks in each country and take proactive steps to safeguard their goods.

Key Statistics from 2024:

•2,217 cargo thefts in the U.S. (+49% from 2023)

•17% increase in the average stolen cargo value

•85% of thefts in Canada occurred in Ontario

•64% of cargo thefts involved Full Truckload Theft

•Electronics remained the most targeted product (24% in the U.S., 31% in Canada)

Recommended Security Measures:

•Enhance cargo tracking and monitoring

•Utilize secure parking zones

•Train drivers on theft risks and security protocols

•Implement rapid response procedures in case of theft