Logistics executives should be wary of an increase in theft over the U.S. Labor Day weekend.
“Holiday weekends notoriously show an increase in cargo theft risks for transportation companies, shippers and manufacturers,” said FreightWatch International, which provides logistics security services.
It said in a bulletin on Thursday that organized theft rings are active and understand that holiday weekends mean more shipments left unattended for extended periods of time.
Over Labor Day weekend last year, thefts of goods being transported occurred at a rate of 4.4 per day, an increase of 63 percent for the holiday weekend when compared to the annual average.
FreightWatch said it usually sees high levels of theft valued at more than $1 million over the Labor Day weekend, especially of pharmaceuticals, electronics and other high-value cargoes.
FreightWatch said logistics and security professionals should ensure security protocols are up to date and in line with industry best practices for both in transit and warehouse operations, which are both likely to be heavily targeted over the weekend.
“Also, in order to mitigate criminals’ attempts to exploit cargo at rest, double check that receiver’s hours of operation for the holiday weekend are consistent with scheduled delivery times,” it said.
“If available, covert tracking and active monitoring of high-value shipments are highly recommended as it has proved to be the most effective protocol to mitigate in-transit theft.”