Why Cargo Theft is on the Rise and How the Right Lock Can Save Your Assets
In the half of 2024, cargo theft cases jumped by 49% creating a bleak outlook for shipping and logistics firms across North America and the world at large. These thefts have also had a bigger financial impact. According to a report by Overhaul, a supply chain visibility and security firm, the average loss for each incident has gone up to $115,230, an 83% rise in comparison with statistics from the same time last year.
The report highlights that California remains at the center of this crisis making up almost half (45%) of all reported cargo thefts. In the state, the “Southern California Red Zone”—the first 200 miles trucks travel after leaving the area—has become a major problem spot, with about two thefts happening each day. This zone by itself saw as many thefts as five other high-risk states put together: Texas, Tennessee, Illinois, Georgia, and Arizona.
The Methods and Targets of Cargo Thieves
Cargo thieves are getting more organized and clever, redirecting their focus to targeting high-value shipments. Electronics are the most sought after items, comprising about 23% of all thefts, with home and garden products coming in second at 14%. It’s worth noting that thefts from facilities have shot up now accounting for 19% of all incidents. This is a big jump from just 4% in the first half of 2023. Large-scale pilferage operations have also become more common, which has led to a 17% increase in the average value of stolen goods.
Barry Conlon CEO and Founder of Overhaul, stresses that supply chain risk management needs to get tougher. He points out, ” Criminals are not only more organized, but they’re also tracking loads as they leave warehouses and distribution centers known to store valuable products, waiting to strike when vehicles are left vulnerable. ”
Why Cargo Security Matters
The rise in cargo theft poses a severe threat to businesses, particularly those dealing with high-value goods. Statistics show that thieves are getting bolder, pilfering valuable shipments and leaving companies with huge financial losses. For businesses, the need to safegaurd their cargo with efficient locking systems has never been more important.
This growing danger has shown the need for stronger security measures. While regular locks and seals might scare off some criminals, the smarter theft methods these days call for more advanced solutions.
Cargoyle: Your Solution to Preventing Cargo Theft
For companies looking to keep their shipments safe with container lock systems they can trust, turn to Cargoyle, Crane Tech Solution’s advanced container lock system. This lock is engineered with innovative technological tools and features for cargo containers, providing maximum security. It locks down the hinge side of the container—a key spot that regular locks often miss.
Key Features of the Cargoyle Container Lock System:
- Proprietary Cut-Resistant Surface: The cut-resistant surface of the Cargoyle is engineered to withstand attempts by saws, grinders, and other cutting tools.
- Corrosion-Resistant and Reusable: The corrosion-resistant feature on the other hand ensures the Cargoyle maintains its structural quality, even in harsh environments. With this you can rest assured that your Cargoyle will stand the test of time, weather and theft, ensuring long-term value.
- 7-Gauge Steel Construction: The Cargoyle shipping container lock is not only cut and corrosion resistant, but also reinforced by its 7-gauge steel build which further contributes to the lock’s durability providing maximum security for your valuable cargo.
- Fits Multiple Locations on the Container: We understand the need for versatility, as a result, our Cargoyle isn’t restricted to just one location on your container. It fits multiple locations allowing for flexible security depending on your needs.
- Tamper-Evident Design: Among the key features of the Cargoyle shipping lock is its tamper-evident design. This feature ensures any unauthorized access to your cargo is immediately noticeable.
In addition to these features, the Cargoyle lock system gives you two-layer security with an optional puck lock. This provides an additional level of security against theft and tampering. Cargoyle is made of heat-treated steel produced in the USA, ensuring it can withstand extreme conditions. This makes it great for places near the coast like Chesapeake VA where rust can be a problem.
Secure Your Shipments with Cargoyle
In today’s world, cargo theft keeps growing by the minute. As a result, investing in strong security solutions isn’t just being careful—it’s a must. The Cargoyle container lock system from Crane Tech Solutions gives you the high-level protection you need to keep your valuable goods safe. With its tough, weather-resistant design and tamper-evident features, Cargoyle makes sure your cargo stays secure, whether it’s in transit or storage.
Don’t leave your valuable shipment exposed and vulnerable. Keep your profits safe and make sure your cargo is protected with the Cargoyle container lock system. Whether you work in the dangerous areas of Southern California or anywhere else, Cargoyle gives you the peace of mind you need in today’s increasingly risky shipping scene.