A new report from Freightwatch, entitled 2011 US Cargo Theft Report, finds that theft of cargo along the supply chain has increased to record levels. The level of cargo theft rose 8.3 percent in 2011, but the report says the actual value of each theft has decreased. In 2010 the average cost of a theft was $468,500, but this fell 31 percent to $319,000 in 2011. The majority of cargo thefts, approximately 87 percent, are those which involve full trailers, rather than other incidents. The majority of cargo thefts involve containers of electronics and food/drink. However there are a number of technology solutions that can be employed to protect your cargo such as electronic seals that send an instant alert when broken, tracking devices that can be place in the load, and geo-fencing, where the carrier puts a virtual "fence" around the route that the cargo is scheduled to travel from pick-up to delivery.
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