June 30, 2015 | Industry Insights
Fourth of July Weekend: Holiday Awareness
On Monday, June 29th FreightWatch International released the following report as a guide for how to prepare for this holiday weekend:
Description: Holiday weekends are notorious for showing increased cargo theft risks for transportation companies, shippers, and manufacturers. Organized theft rings are active and understand holiday weekends cause shipments to be unattended for extended periods of time. Thefts occurring over Independence Day weekends between 2010 and 2014 had an average value of $145,267, including eight separate incidents with a declared value over $250,000.
Recommendation: FreightWatch International recommends that logistics and security professionals ensure security protocols are up to date and in line with industry best practices for in-transit and warehouse operations. Both of these will be heavily targeted over the weekend via traditional and non-traditional cargo theft methods.
Notable Thefts from Previous Fourth of July Weekends:
2014 – Full Truckload theft of Tablets in Georgia
2014 – Facility Theft of $451K in Cell Phones in Florida
2014 – Full Truckload theft of $200K of Meat in Texas
2013 – Fictitious Pickup of Produce in California
2013 – Pilferage of $257K of Cigarettes and Televisions in New Jersey
2012 – Fictitious Pickup of $263K of Building Supplies in California
2011 – Full Truckload theft of Pharmaceuticals in Illinois
2010 – Facility Theft of $300K in currency in New York
Related
Solutions that Go the Distance.
© 2024 Roanoke Insurance Group Inc.
