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United States & Canada Annual Cargo Theft Report 2023
Learn how cargo theft trends in the US and Canada evolved during 2023 and what they mean for your shipments today.
In 2023, the US experienced 1,183 cargo theft events. Electronics was the most stolen product type, with an average loss value of $546,045. California and Texas remained the main hotspots, accounting for a combined 63% of thefts. During this same year, 75% of all thefts in Canada occurred in Ontario, with Miscellaneous being the most stolen product type.
As 2024 continues, new risks will emerge, and an understanding of previous theft patterns will help shippers predict what’s ahead. For this reason, Overhaul has released its United States & Canada annual report, which highlights cargo theft trends regarding location, time of day, days of the week, and more.
With this data, shippers and carriers can optimize their routes and choose the visibility and risk monitoring solutions that best protect their cargo. We hope our report helps you gain a better understanding of cargo theft trends in the US and Canada during 2023, what these patterns mean for the months ahead, and our recommendations for how to safely transport cargo through both countries.
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If you missed our 2022 annual report, click here to read!
In 2022, the US experienced a 29% increase in cargo theft incidents, with a total of 1,090 recorded events. The average value of thefts also increased by 58%, with hot spots emerging in California and Texas. To help shippers prepare against these risks, Overhaul's 2022 US Report compiles data concerning US cargo theft trends throughout 2022.
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