Cargo theft reports ticked up in third quarter year-over-year

November 23, 2020

According to the 2020 third-quarter cargo theft trend data released by cargo theft recording firm SensiGuard, cargo theft volumes increased by 7% when compared to the third quarter in 2019. The firm’s data is based on reports from law enforcement, insurance companies and more, and does not represent 100% of all theft activity.

During the third quarter, SensiGuard recorded a total of 194 thefts in the United States – 63 in July, 62 in August and 69 in September. The average loss value per incident during the quarter was $152,373. The loss value is within 1% of 2019’s third quarter, the firm adds.

Of note, despite the year-over-year decrease, the third-quarter numbers represent an 18% decrease in volume and a 28% decrease in value when compared to 2020’s second quarter.

Home and garden items were the most stolen products in the third quarter, accounting for 26% of total thefts. Appliances and cleaning supplies were at the top of most targeted home and garden items, SensiGuard says.