Industry's Vigilance Rises in Response to Heightened Cargo Theft
Cargo theft has reached a decade-high, with the second quarter of 2023 witnessing a 57% increase compared to the previous year, totaling 582 thefts across the U.S. and Canada. The average shipment value per theft rose significantly as thieves targeted high-value shipments. The rise in strategic theft, utilizing deceptive means like stolen identities, has become a major concern for the industry, resulting in a 600% increase in some cases. Industry stakeholders are stepping up to tackle the issue, offering support and information to carriers to protect their freight.
Load board operators, like Truckstop, launched "Fraud Prevention Friday," a weekly educational series, while DAT Freight and Analytics implemented new initiatives to combat fraud. Increased awareness and collaboration are yielding positive results, with federal law enforcement showing more activity in addressing cargo theft.
Here’s a quick rundown on the latest U.S. import scene: Inflation’s not the only thing on the rise – we’re seeing a significant increase in imports from China, especially after their factories reopened post-Lunar New Year.
Early Tuesday morning, a major incident occurred at Baltimore Harbor.
After a few intense days, the fire that blazed in the cargo hold of the Genius Star XI - a huge cargo ship hauling lithium-ion batteries from Vietnam to sunny San Diego - is finally out.
A recent survey conducted by Mission to Seafarers reveals a notable decline in the happiness of the world's seafarers in the second quarter, with working and living conditions lagging below pre-pandemic standards.
Cargo theft has reached a decade-high, with the second quarter of 2023 witnessing a 57% increase compared to the previous year, totaling 582 thefts across the U.S. and Canada.
Los Angeles International Airport (LAX) has chosen a consortium led by Realterm, the largest manager of on-airport air cargo real estate in North America, to undertake a revolutionary cargo improvement project.
The Port of Los Angeles experienced its fourth consecutive month of rising cargo volumes in June, reaching the highest level since July 2022.
The latest Cass Freight Index data suggests that the U.S. freight market may be nearing a bottom, with signs of a new cycle emerging.
During the Paris Air Show, Boeing and Airbus have been focusing on customer orders for new passenger aircraft, with limited activity in the freighter sector.
The West Coast ports are currently facing a labor dispute that has created confusion and uncertainty.
Steamship lines are diversifying their services and seeking a larger share of the global logistics market by entering the rapidly growing air cargo market, according to the International Air Transport Association.
In a move towards more efficient transportation systems, cities like Miami and seven others are replacing trucks with cargo freight bikes.
Globalization is a complex and multifaceted process that involves the integration of economies, cultures, and societies across national boundaries.
Incomplete data and strained law enforcement can create an environment that is permissive to cargo theft, as thieves are able to exploit gaps in security, intelligence, and enforcement.
Cargonet, a digital platform for logistics and transportation management, has released some staggering numbers.
China's economy is important for the Port of Los Angeles for a number of reasons.
Located in Houston, Texas, on the Gulf Coast, the Port of Houston is made up of more than 200 private terminals, which handle a wide range of cargo, including containerized cargo, breakbulk cargo, roll-on/roll-off (RoRo) cargo, and liquid bulk cargo.
San Pedro Bay, home of the Ports of Los Angeles and Long Beach, has long been the king of America’s oceanside ports.
The Association of American Railroads’ (AAR) most recent data shows that rail carloads saw 3.2% annual gain last week, while internal units were off by 1.6%.
Labor shortages have concerned the air freighters as they struggle to manage the workload, even as capacity has dropped.
A top cybersecurity firm, ESET, has uncovered Chinese hacking attempts in the European cargo shipping industry, marking the latest instance of China-aligned groups infiltrating Western economic infrastructure.