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United States Q1-2023 Cargo Theft Report

Learn about US cargo theft trends from Q1-2023 and what they mean for your shipments today. 

Image of cover of United States Cargo Theft Report for Q1-2023 along with graphs.

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. 

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Image of our US cargo theft report for 2022 with a picture of buildings in the distance and several graphs.

If you missed our 2022 annual cargo theft 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 which locations, times of day, and days of the week experienced the most theft events in the US in 2022.