Cargo theft continues to be a growing problem for trucking companies across the United States, posing risks not only to the goods being transported but also to the businesses and people involved in the industry. Mitch Gearhart, a transportation underwriting specialist with Central Insurance, shares insights on current theft risks and ways trucking companies can better protect themselves.
Cargo theft costs the U.S. economy about $35 billion each year, with long-haul trucks being especially vulnerable. Thieves often target trailers left unattended overnight, sometimes stealing entire trailers from parking lots. Certain types of cargo attract thieves more than others, including electronics, household goods like tools and toys, alcohol and tobacco products, pharmaceuticals, and valuable metals such as copper and steel. These items are in high demand and can be easily sold on black markets.
The threat isn’t limited to busy city areas; thefts happen everywhere—from rural rest stops to secured warehouses. No fleet is completely safe, whether it’s a small business with just a couple of trucks or a large company with hundreds.
Location plays a big role in preventing theft. Gearhart recommends parking in well-lit, secure, and fenced areas that have cameras or security patrols. Drivers should avoid making long stops in dangerous urban spots. Unfortunately, cities like Los Angeles, Chicago, Miami, New York City, and Philadelphia are known hotspots for cargo theft.
To fight these risks, trucking companies need a mix of planning, technology, and training. Using dash cams and trailer-mounted cameras with motion sensors and night vision can deter thieves and provide valuable evidence if a theft occurs. GPS tracking devices, especially those with geofencing features, help monitor vehicles and cargo closely. Geofencing sets virtual boundaries and alerts fleet managers if a trailer or truck leaves a designated safe zone, enabling quick responses before the load moves far away.
Training drivers is just as important. Drivers should always follow safety rules, keep cargo locked up, avoid leaving trucks unattended, and inspect their vehicles regularly. Screening employees carefully, through thorough background checks, also helps reduce internal risks.
Cybersecurity is another area trucking companies need to watch. Criminals sometimes hack systems to forge pickup documents and steal cargo. Protecting digital supply chains and following strong cyber practices can prevent these attacks.
Insurance plays a key role in managing the financial impact of theft. Fleet owners must make sure their coverage matches the value of their cargo. For example, having only $25,000 in insurance while hauling $100,000 worth of goods can lead to significant losses. Insurance policies can have limits and exclusions, so knowing exactly what is covered is vital.
Central Insurance offers tailored support beyond just selling policies. Their loss control team helps fleets identify risks, improve security measures like lighting and fencing, and provides training materials to educate drivers and dispatchers about theft prevention.
Ultimately, preventing cargo theft starts with good planning before a truck ever hits the road. Knowing safe places to park, planning routes, and preparing drivers can greatly reduce risks. Gearhart concludes that teams who work closely with insurance experts and focus on safety don’t just react to theft—they stop it before it happens.
For trucking companies looking to strengthen their security and insurance, reaching out to a local independent Central Insurance agent can be a smart step. Staying ahead of cargo theft protects more than just the load; it safeguards livelihoods and keeps businesses moving forward.