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Cargo Thefts Spiked 68% in Q4, Led by Food and Beverage Freight

Food and beverage theft

Cargo thefts surged 68% year over year (y/y) in the fourth-quarter of 2023 compared with 2022, according to CargoNet, a subsidiary of data analytics firm Verisk. During the third quarter of 2023, cargo thefts were up 57% y/y compared to the same year-ago period.