The first six months of 2018 saw cargo thefts in Canada worth C$27 million, according to stats from the Insurance Bureau of Canada’s National Cargo Theft Reporting Program. While $13.2 million of those losses have been recovered, if that pace continues, it would top the $46.2 million reported losses for 2017.
In 2016, thefts worth $42.3 million were reported and $25.2 million was recovered.
“Cargo theft is significant across the country,” Steve Kee, media director with the Insurance Bureau, told Transport Topics. The goal of the database is to “improve information sharing between insurers, the trucking community and law enforcement.”
Sensitech’s SensiGuard Supply Chain Intelligence Center also tracks cargo theft in Canada.
SensiGuard’s United States & Canada Cargo Theft Annual Report 2017 found that the most commonly stolen product sector in Canada was food and drinks, accounting for 44% of all cargo thefts.