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Cargo theft reaches highest level in 2011

Posted by Genie Wood on Wed, Jan 25, 2012 @ 02:57 AM

A report released by FreightWatch International has shown that cargo theft in the United States reached a record high amount in 2011.

Compared to 2010, the amount of cargo theft increased by 9 percent in 2011. The report shows that in 2011, the theft rates were 974, which is close to an 8.8 percent increase from the 2010 figures.

A small bright side to this information is that the value of each stolen cargo decreased in 2011. The average amount of cargo stolen in 2011 was roughly $319,000. This decline alludes to the fact that truck drivers are valuing their cargo more and being more protective of their trucks, making thieves target lesser value shipments.

Freight factoring can be done in a number of ways and is important to secure to be insured on the road. To learn more about freight factoring, please contact TBS Factoring LLC by calling 800-207-7661 today.