Cargo thieves have made off with $2.5 million in premium olive oil from a Texas warehouse and are selling it at half price.

“I expect this is going to be a record breaking fourth quarter for cargo thefts. I think we’re going to see a record number of strategic thefts committed as the supply chain shifts into overdrive.”

Hurricane Helene dropped more than 2 feet of rain on Spruce Pine, N.C. The town is home to one of the world’s only sources of high-purity quartz, which is used to manufacture silicon chips and solar panels

During the month of July 2024, cargo theft in Mexico decreased 4.6% compared to the previous month (June 2024) and remained at the same number of thefts as July 2023.

Cargo theft in the Greater Toronto Area’s Peel Region has taken a disturbing turn, placing it third in North America for high cargo theft activity, as organized crime groups use increasingly sophisticated methods to target high-value loads

During the month of August 2024, cargo theft experienced a noticeable increase, coinciding with the onset of the high shipping season.

The Port of Long Beach is equipped to handle an uptick in cargo if a labor strike at the East and Gulf Coast ports occur, CEO Mario Cordero said in a press conference on Thursday.

Despite theft numbers being at record highs throughout 2023 and
into 2024, Ramon said the problem “is going to get worse before it
gets better” and that thieves are beginning to perfect their art.