Thanksgiving cargo theft surge highlights supply chain

CargoNet analysis shows the risk of cargo theft rises sharply during the Thanksgiving holiday as organized criminal networks exploit vulnerabilities in supply chains. Over the past five years, a total of 174 major thefts have been recorded in the six days from the Tuesday before Thanksgiving to the following Monday.

Also Read: Artificial Intelligence: The driving force behind logistics for the 2024 holiday season

The Monday after Thanksgiving is a peak time for criminal activity, along with a spike in identity fraud complaints. CargoNet attributes the trend to extended holiday closures and reduced vigilance across the industry, creating opportunities for theft.

Hotspots for cargo theft include San Bernardino and Los Angeles counties in California, and Cook County in Illinois. Criminals often target semi-tractors, trailers and high-value goods such as various freight, liquor and vehicle accessories such as tires and oil. These thefts are often coordinated through complex networks with ties to black market buyers.

Identity fraud is also developing as a key tactic, with more than 450 fictitious pickup attempts recorded in 2024 alone, putting the year on track to surpass last year’s record levels. Despite the industry’s efforts to thwart traditional fraud schemes, criminals continue to adapt, employing increasingly advanced techniques.

“The Thanksgiving holiday creates unique vulnerable conditions across the supply chain,” CargoNet warned in a recent alert. “Extended facility closures and reduced staffing disrupt normal operating models. These factors create an environment for criminal exploitation. Opportunities require heightened vigilance and safety protocols.”

CargoNet, a Verisk business specializing in cargo theft prevention and recovery, advises logistics and supply chain professionals to strengthen security measures and maintain a high level of awareness during this high-risk period. By adopting a proactive strategy, companies can reduce the risk of theft and protect their assets during the holiday season.