After a major increase in 2020 and the height of COVID-19, cargo theft is decreasing once again. CargoNet reports a 15% decrease in the number of cargo thefts in the US and Canada in 2021 versus the previous year. However, these numbers are still higher than their pre-pandemic levels. According to CargoNet, losses from thefts decreased by $8 million from the previous year. This is big news for shippers, as both the absolute and average losses from cargo theft rose noticeably during the pandemic. Things have, hopefully, begun to stabilize. And luckily for truckers, fictitious pickups fell sharply as well. Following the increase in thefts in 2020, businesses up and down the supply chain altered their processes to increase security. It appears that many of these new policies are working as intended to reduce the likelihood of catastrophic theft. So truckers need not worry so much about any issues with the security of their oversize loads.
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