Friday, March 12, 2010

FreightWatch International: February 2010 Cargo Theft Report

FreightWatch International, an industry leader in providing cargo theft intelligence through data collection, analysis, and customized reporting, released their monthly report on cargo theft for February 2010.

FreightWatch recorded 75 theft incidents for last month; an increase of 15% from January to February.

By commodity, the electronic and the food/drink industries experienced the highest losses recording 14 incidents each. Auto/parts thefts continued high with 11 incidents. Finally the Building/industrial, Clothing/shoes and Pharmaceutical industry, each reported five incidents.

The five pharmaceutical thefts included two incidents in Monroe, Ohio on February 6th and 7th, both from a truck stop. One theft had a value of $320,000, while the other theft value was unavailable.

There were also two reported thefts in West Palm Beach, Florida on February 22nd. One incident valued their loss at $1,000,000 while the other value was unavailable.

The fifth reported incident occurred in Cape Girardeau, Missouri which was the theft of an entire trailer on a roadside, with the value of $36,485.

The issue of pharmaceutical cargo theft energizes the need for material screening of products within the supply chain, from manufacturer to dispenser, to properly protect consumers everywhere.

To read the entire report from Freightwatch International, visit:

To learn more about supply chain security solutions, visit:

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