Cargo theft losses total $12 billion annually

Nov. 14, 2001
Annual cargo theft losses in the United States total $12 billion, with thieves targeting specific commodities, such as pharmaceuticals and high tech products.

Annual cargo theft losses in the United States total $12 billion, with thieves targeting specific commodities, such as pharmaceuticals and high tech products. Alarmingly, national crime statistics show steady growth in armed robberies of truck shipments.

Losses just from the high tech industry amount to $5 billion a year, according to agents from the Federal Bureau of Investigation (FBI), who provided an update on cargo theft trends November 13 during the TMW Systems Inc annual user group meeting in Cleveland, Ohio. Sixty percent of the thefts of high-tech shipments occur in transit.

“Profits from high-tech products are better than drugs,” said Stuart Shoaff, FBI supervisory special agent. “In addition, the penalties for getting caught are lower. A single Pentium memory chip is worth more than an ounce of powder cocaine, and you can put a million dollars worth of chips in the trunk of a car.”

Bulk cargoes, such as gasoline, are not being targeted at this time. However, Shoaff made it clear that the FBI remains very concerned that hazardous materials could be a terrorist target. “If anything suspicious occurs with a hazardous cargo, we want you to report it immediately. This is something we want to jump on as fast as possible.”

Organized groups that are heavily involved in cargo theft include ethnic gangs from Russia, Eastern European locations (Yugoslavia, Albania, and Croatia), and Armenia. Asian street gangs are active in cargo theft on the West Coast. Groups from Colombia, Ecuador, and Peru also are involved.

Shoaff said the trucking industry can help fight cargo theft by improving security and by reporting incidents as soon as they are detected. “We need immediate reports of thefts from the trucking industry,” he said. “We need serial numbers or lot numbers off the cargo to help in recovery. Once we learn of a theft, we try to alert the enforcement community right away.”

To fight cargo theft, the FBI has 86 agents assigned to task forces. The bureau relies strongly on outside help from local and state law enforcement agencies.

About the Author

Charles Wilson

Charles E. Wilson has spent 20 years covering the tank truck, tank container, and storage terminal industries throughout North, South, and Central America. He has been editor of Bulk Transporter since 1989. Prior to that, Wilson was managing editor of Bulk Transporter and Refrigerated Transporter and associate editor of Trailer/Body Builders. Before joining the three publications in Houston TX, he wrote for various food industry trade publications in other parts of the country. Wilson has a bachelor's degree in journalism from the University of Kansas and served three years in the U.S. Army.