Holiday cargo thefts no gift for retailers

Cargo theft has become a huge problem that the FBI says causes $15 billion to $30 billion in losses each year in the U.S. According to FreightWatch International, a security company based in Austin, Texas, there were 152 cargo thefts nationwide in July, August and September of 2015 with an average loss of nearly $200,000. Insured’s need to be particularly vigilant during the holiday shopping season, as thefts tend to increase as crooks look to score from retailers loading up on merchandise.


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