Cargo theft events in the US have increased 11% since Q4 of 2022. In total, Overhaul recorded a total of 142 theft events during the first three months of 2023, nearly a quarter of which involved Electronics products. The average loss value across all incidents was $291,946, which is 41% higher than the Q4-2022 average. 

These numbers show definitively that cargo theft is an ongoing risk that must be taken seriously. To help shippers better understand and prepare for this risk, our latest report outlines which product types, locations in the US, times of day, and days of the week were most affected by theft in Q1 of 2023. We also detail a successful recovery involving a load that was stolen through deceptive pickup.  

We hope this report helps you better understand how cargo theft in the US has evolved since 2022, how it will likely continue evolving, and what steps you can take to better protect your shipments.