By: HUB International Limited
Cargo theft and hijacking is on the rise in the United States, according to Freight Watch International. The total cost to the US economy has been estimated at approximately $300 billion, which includes the value of the stolen goods, resupply costs, opportunity costs, as well as insurance and law enforcement costs. The true costs of goods shipped are often undervalued as it is a critical part of more costly items or operations.
Organizations often have practices that invite unscrupulous predators to take advantage of them, including: