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Third Quarter Sees Decrease in Cargo Theft

Posted by Genie Wood on Thu, Dec 12, 2013 @ 07:50 AM

In the third quarter of this year there was a notable decrease in cargo theft when compared to previous years. According to the Supply Chain Information and Analysis Center, there were only 195 reported instances of cargo theft in the third quarter of 2013, compared to 285 from the third quarter of 2012. 

This time period usually sees the greatest amount of theft during the year, as thieves target trucks carrying goods to be sold during the holiday season. Experts speculate that the drop in theft could be the result of a heightened awareness among truckers of the dangers of cargo theft, resulting in increased precautions. 

Unfortunately, theft is not the only financial difficulty that truckers may face in the course of their work. Far too many truckers and trucking companies struggle to make ends meet becasue of clients who fail to make timely payments on their invoices. If you are facing cash flow problems and you need the money you are owed as soon as possible, the freight factoring experts at TBS Factoring Service are here to help. Call us today at 800-207-7661 and learn more about how we can help you and your business. 

Tags: TBS Factoring Service, cargo theft, trucking factoring, Trucking Industry