What is cargo theft?
Cargo theft involves stealing trucks or trailers full of merchandise to sell for a quick profit. Trailers often carry loads of goods worth thousands of dollars.
Cargo theft has become a significant problem in transportation hubs in southern Ontario, and in Montreal and Vancouver. A low-risk, high-reward crime, cargo theft appeals to criminals who steal merchandise, parcel it out and sell it, often before the crime is even reported.
IBC’s national cargo theft reporting program
On March 18, 2014, IBC and the Canadian Trucking Alliance announced a national cargo theft reporting program open to all insurers operating in Canada including IBC members and non-member companies.
The program improves information sharing among insurers, law enforcement, the trucking community and other stakeholders to help speed the recovery of stolen goods and bring criminals to justice.