Cargo crime in North America down in Q3, but losses are mounting

Organised criminal networks are increasingly exploiting identity fraud, carrier impersonation and weaknesses in freight verification, driving cargo theft losses across Canada and the US up 39% year on year, despite a sharp decline in reported incidents

Verisk CargoNet recorded 2,072 of reported supply chain crime incidents across the countries through to 23 October, marking a 25% decrease in total numbers from the 2,755 recorded during the comparable period in 2025.

VP operations at Verisk CargoNet Keith Lewis told The Loadstar: “But while the number of incidents declined, the financial impact moved in the opposite direction, losses increasing 39% to $718.9m.”

Over the third quarter, CargoNet recorded 547 incidents, approximately 33% fewer than a year earlier, but estimated losses still reached $230.1m, with California accounting for the largest share, with 182 incidents, followed by New Jersey, Texas, and Illinois.

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