Freight News: Week of May 15th, 2024

Cargo Theft Analysis from the First Quarter

The first quarter this year was not kind for thefts of cargo. Data produced by CargoNet, showed cargo thefts increase by 10% in Q4 of this year compared to the previous quarter (Q4 2023). Plus, a 46% increase from the first quarter of last year (2023).

California, Illinois, and Texas represented over half (61%) of all theft that occurred in quarter one this year.

Read more about the rise in cargo theft and how it can create logistical nightmares throughout supply chain operations.

Are you aware of what you’re covered if your cargo is lost or overboard? Make sure you’re properly insured before it’s too late.

U.S. Import Volumes in April

Last month, U.S. container import volume statistics for April 2024 show a slight increase (3%) from March, but a significant increase from April 2024 (9.3%).

As far as container import volumes in April at the top 10 U.S. ports goes, they saw an increase of 72,454 TEUs (3.9%) from March 2024.

Per data from Descartes, the Ports of Los Angeles (9.3%), Long Beach (16.2%), Norfolk (9.6%) and Tacoma (16.7%) all experienced significant increases from March. While the Port of Oakland saw the largest decrease (-9.2%) of the top 10 U.S. ports.


Leave a Reply

Your email address will not be published. Required fields are marked *