The logistics security services provider, FreightWatch International, reports from May through July it recorded a total of 185 thefts in the United States. The average loss value per incident during this period was $147,260. Compared with the previous quarter, thefts increased by 1%, while the average loss value increased by 23%.
Food and drinks was the product type most often stolen in this rolling quarter, comprising 25% of all incidents during the three-month period. The electronics industry experienced 13% of the total, while 12% of all thefts were in the building/industrial sector, including shingles, construction materials and equipment.
California remained the state with the most thefts, with Texas continuing to follow in second. The thefts in California accounted for 25% of all incidents across the United States. Texas had 16% of the total, while Illinois reported 14%, making it the third most popular state for cargo theft. Florida dropped from third position to number four, having experienced 11% of thefts in the rolling quarter.
Following the usual trend, incidents involving theft of trailer/container, were most common, accounting for 76% of all thefts. Thefts involving deceptive pickup remained the same as the previous three months, comprising 9% of all thefts.
While the average loss value across all incidents was $161,676 for the quarter, the average losses in specific product types varied widely. The alcohol category had the highest average loss value at $481,108, a 547% increase of over the last rolling quarter. Clothing/shoes, which experienced nine thefts, averaged $397,333 in losses. Cosmetics/consumer care followed with an average loss value of $320,000 resulting from three high-value thefts. Tobacco saw a drop, from $315,008 last rolling quarter to $254,400 this quarter.