Wednesday, December 2, 2015

Cargo Theft Season in Canada

Cargo theft is one of the most lucrative criminal activities in Canada, but it rarely makes headlines. Yet it’s costing consumers and the economy an estimated $5 billion a year.

“A decade ago, it was probably a more opportunistic crime,” said David Bradley of the Ontario Trucking Association “But what I think has occurred is that organized crime syndicates have seen that it’s relatively low risk, high reward, and there seems to be a market for just about anything.”
Stolen cargo - the stuff loaded in trailers and hooked onto trucks - can range from high priced electronics, cars and booze to everyday products like cheese, candy, toilet paper and household detergents. Unsecured yards are tempting targets for thieves.

Even facilities with security cameras are easy to penetrate.
In 2014, The Insurance of Bureau of Canada handled around 200 reports. This year, the number has doubled to more than 400, primarily in Southern Ontario.

Peel and York Regional Police are the only two forces in Canada with specialized cargo theft units.

Surveillance video shows a brazen heist from a storage yard.
Cargo theft has found a place in organized crime, which provides a network of criminals to steal and distribute stolen cargo.

Cargo theft offers high profit and is low risk. It can generate enormous rewards and has minimal criminal sentencing.
Cargo theft is under-reported in Canada. Reasons include the negative impact on reputation, business and customer confidence for consumer and trucking companies, the perception of cargo theft as a low-level crime, increased insurance premiums and the cost of paying deductibles in the event of a claim.