Page 13 - Newcom

Business
Ontario cargo
thefts on the rise
Ontario edges up on list no state or province wants to climb
TORONTO, ONTARIO
Ontario was the second most com- mon place in North America, in the first quarter of 2017, for cargo theft activity, according to a recent anal- ysis by CargoNet.
California remained the state with the most cargo thefts, reporting 51 cargo theft events in Q1 2017. Nor- mally, Texas follows California but in this quarter, it was displaced by Ontario. Ontario reported 29 cargo theft events in the first quarter, an increase of 262% year-over-year.
Most of the reports were in the Greater Toronto Area.
In the first three months of 2017, there were 10 cargo thefts reported in Brampton, five in Mississauga, and five in Toronto. In many cases, the thefts in these cities occurred on the same street or even at the same address, CargoNet said.
A total of 358 supply chain risk incidents occurred across the US and Canada in the first quarter.
According to the data, of the 358 incidents, 58% involved theft of a trucking vehicle, 54% involved theft of cargo, and 7% were clas- sified as fraud (often identified as theft and wire fraud).
In total, 192 cargo theft events were recorded, and the cargo in each theft was worth an average of US$149,522, bringing the total estimated loss to US$28.7 million for the quarter.
There were 339 trucking vehicles reported stolen, including 137 trac- tors and 143 trailers.
CargoNet said secured yards were the most common location where cargo thefts occurred this quarter. Warehouse locations were next, followed closely by parking lots with 28 thefts.
Food and beverage products were the most stolen items in the first quarter, and 31% of all reported cargo thefts involved those com- modities. Specifically, meat prod- ucts were the most stolen food and beverage item, with 17 thefts. Non-alcoholic and alcoholic bever- ages followed with nine and eight thefts, respectively. Household items were the next most com- mon category; 15% of cargo thefts involved this commodity. TN
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