November 24, 2014 | Industry Insights

Thanksgiving Holiday Awareness for Transportation Companies

Share This:
Featured Image

We wanted to share these following recommendations for preventing cargo theft with you prior to the Thanksgiving holiday, courtesy of FreightWatch International:

Event: Thanksgiving Holiday Awareness

Date: November 21, 2014

Location: North America

Description: Year after year, the holiday shipping season shows an increase in cargo theft risks for transportation companies, shippers and manufacturers.  Since 2010, the transportation industry has experienced almost four thefts per day during the Thanksgiving holiday weekend, an increase of 36% over the annual average of 2.6 thefts per day throughout those years.  During this elevated threat period, Electronics and Clothing / Shoes rise on thieves’ wish lists, and Home / Garden products displace Food / Drinks as the most frequently stolen product type.

Recommendation: Organized theft rings are active, and they understand an increased supply chain volume translates into more criminal opportunities.  Logistics and security professionals need to ensure security protocols are up-to-date and consistent with industry best practices for both in-transit and warehouse operations; both will be heavily targeted over the holiday.  Covert GPS tracking with an active monitoring program is vital to mitigate threat, and is an invaluable asset to the recovery process in the event of a theft.

Previous Thanksgiving Holiday Standouts:

  • November 2011, full truckload of infant formula valued at over $250,000 stolen in Indiana.
  • November 2012, full truckload of 3D televisions and Blu-ray players stolen in California.
  • November 2012, $540,000 in copper stolen in Illinois.
  • November 2013, full truckload theft of seafood worth an estimated $250,000 taken in New Jersey.
  • November 2013, Facility Burglary of approximately $648,000 of wine in Washington.
Share This:

Related


New Report by BSI Global Intelligence Outlines Leading Causes of Increased Theft

Increased Prices of Fuel, Agricultural Products, and Other Goods are Leading to Increased Theft In partnership with Roanoke, BSI’s Global Intelligence Analysts have provided a high-level outlook on the top supply chain risks expected in upcoming months, based on data and trends from the first three quarters of 2022. BSI’s data shows that thieves globally are increasingly targeting agricultural products, employee belongings, and automotive parts. This is partially due to increased food insecurity worldwide, and inflation driving up the prices of goods like agricultural products and fuel. The combination of these two factors makes these goods more lucrative to steal. […]

Industry Insights

Leadership Excellence: Karen Rzeszutko Represents Roanoke on USCIB Board

We are excited to share that Karen Rzeszutko, President of Roanoke Insurance Group Inc. has been appointed to the Board of Directors of the United States Council for International Business (USCIB) for the 2024-2026 term. This appointment recognizes Karen’s outstanding leadership and her significant contributions to the industry. The USCIB, a prominent organization dedicated to promoting the success of U.S. businesses globally, has welcomed new and reelected members to its Board of Trustees and Board of Directors. The announcement, made on May 20, 2024, in New York, NY, includes a diverse group of leaders from various sectors who will bring […]

Industry Insights

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 17 years. She started her career as a Bond Account Manager and has held several roles during her tenure, including Bond Manager and Director of Sales for the Long Beach Sales team, and most recently, has been responsible for managing relationships with many of our […]

Industry Insights

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.

© 2024 Roanoke Insurance Group Inc.

Better Business Bureau logoCoverholder at Lloyd's logo