Cargo theft reports up 7% for third quarter

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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.

Texas topped the list of cargo theft by state in the third quarter, accounting for 20% of total thefts in the quarter, followed by California (14%), Florida (11%), Georgia (11%) and Illinois (7%).