Overview

• Cargo theft incidents rose 26% in 2024, with 3,798 cases and reported losses of $455 million, though experts estimate actual losses exceed $1 billion due to underreporting.
• Identity theft schemes now account for nearly one-third of all cargo theft, a dramatic rise from 8% in 2020, as criminals hack supply chain systems to impersonate shippers.
• A recent Lululemon distribution center heist in California resulted in over $1 million in stolen merchandise; arrests and product recoveries have since been made.
• The FMCSA is rolling out stricter safeguards in its registration system to combat impersonation tactics, while companies are investing heavily in upgraded security protocols.
• Lawmakers have introduced two bills aimed at curbing organized retail and cargo theft, including measures to impose stricter penalties and enhance federal coordination efforts.