Wednesday, April 14, 2010

FreightWatch International: March 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 March 2010.

FreightWatch recorded a 13% decrease in North American cargo theft from February to March.

Of the 65 recorded thefts in March, the highest frequencies were seen in California, Texas, Florida, and the York region of Ontario with 20, seven, six, and five reported theft incidents, respectively.

By commodity, pharmaceuticals experienced five incidents in March, matching their February numbers.

The five pharmaceutical thefts in the report include the huge $76,000,000 Eli Lilly warehouse theft in Connecticut making March’s approximate value of cargo theft to be in excess of $77,000,000. The thefts for March include:

• March 5th a theft of a trailer at a truck stop with undisclosed pharmaceuticals worth $400,000 in Dallas, Texas.
• March 13th a theft of a trailer at a truck stop with undisclosed pharmaceuticals worth $365,000 in Richwood, Kentucky.
• March 13th the warehouse theft of prescription drugs out of an Eli Lilly warehouse in Enfield, Connecticut worth valued at $76,000,000.
• March 27th theft of a trailer with undisclosed pharmaceuticals at a warehouse in Mississauga, Ontario worth $322,000.
• March 29th theft of a trailer at a public access parking lot in Avondale, Arizona with undisclosed value of pharmaceuticals.

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.

As the value and prevalence increases, so too does the potential risk to consumers.

To read the entire report from Freightwatch International, visit:

To learn more about supply chain security solutions, visit:

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