Friday, November 13, 2009

Pharmaceuticals Represent 5.5% of U.S. Cargo Thefts

As reported by FreightWatch International in its October 2009 Cargo Theft Report, pharmaceuticals represent 5.5% of all cargo thefts by commodity in the United States in a 12 month period from November 2008 to October 2009.

The 5.5% reflects a percentage of the number of cargo theft incidents by commodity not by dollar value. Given the high dollar value of pharmaceutical cargo loads it is estimated that pharmaceutical commodities represent a significant percentage of thefts by dollar.
Regarding cargo theft trends, Freightwatch quoted the following in the October 2009 report:

· Continuing the trend from the past several months, FreightWatch is seeing an increase in the number of thefts from terminal and carrier lots, as well as public access parking lots, and a decrease in the number of thefts from truck stops, which are traditionally where cargo theft is known to occur in the highest amounts volume.
· These trends coincide with intelligence reports and activity that show cargo thieves are becoming more proactive in targeting specific loads or products, conducting surveillance and stealing the loads at their first opportunity. Pre-loading and staging trailers, or dropping in lots prior to shipment, are prime theft opportunities being seized by cargo thieves.

It is anticipated that the trend of pharmaceutical commodities being specifically targeted will continue to increase in 2009.

FreightWatch International (USA), an international logistics security company, is expert in identifying threats and vulnerabilities to high-value supply and distribution chains. FreightWatch compiles a monthly, quarterly and annual report that lists cargo thefts by location and commodity.

To learn more about FreightWatch, visit their website at:

To learn more about XStream Systems, supply chain security solutions that allows members of the supply chain to molecularly screen and authenticate their inventories, visit their website at:

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