June 30, 2015 | Industry Insights

Fourth of July Weekend: Holiday Awareness

Share This:

 

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

 

Share This:

Related


Roanoke Appoints a New Regional Vice President and Head of Sales

Roanoke has appointed two key leaders to new roles, effective November 1, 2023. Please join us in congratulating Patrice Lafayette for accepting the position of Regional Vice President, Western Region, and Grant Goldsmith, who has accepted a position as Head of Sales. Patrice has been a steadfast leader of Roanoke’s Western Region for more than […]

Industry Insights

Roanoke Introduces New Client Experience Department!

Roanoke Insurance Group is excited to announce the formation of our Client Experience department. This new department will be led by Amanda Barlow, who has served our clients in a variety of capacities throughout her tenure at Roanoke. Most recently as the Regional Vice President of our Western region. Roanoke’s Kylie Reinert will join Amanda […]

Industry Insights

How to Protect Your Company from Nuclear Bodily Injury Verdicts

The liability landscape for the trade and transportation industry is changing. Carrier accidents on the road resulting in bodily injury and property damage (BIPD) claims pose a real financial threat to brokers, forwarders, and other transportation intermediaries. Recently, the number of large trucks involved in fatal crashes and the resulting jury awards have skyrocketed. Inconsistent […]

Industry Insights, Transportation

Sign up for our latest articles and events.

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.

Contact

If you have any questions or need help, feel free to contact with our team.

800-762-6653

US CORPORATE HEADQUARTERS

1501 E. Woodfield Road

Suite 400W

Schaumburg, IL 60173


CANADA CORPORATE HEADQUARTERS

390 Bay Street

Munich Re Centre, 22nd Floor

Toronto, ON M5H 2Y2

Solutions that Go the Distance.

© 2021 Roanoke Insurance Group Inc. A Munich Re company

Better Business Bureau logoCoverholder at Lloyd's logo