CargoNet tracks $31.8M in Labor Day thefts as criminals breach trusted freight accounts
CargoNet tracked 273 incidents as surrounding weekdays produced 71% of cases and annual totals climbed 70%. The post CargoNet tracks $31.8M in Labor Day thefts as criminals breach trusted freight accounts appeared first on FreightWaves .
Criminals exploited compromised accounts and systems to steal $31.8 million in freight during Labor Day periods from 2021 to 2025, according to Verisk CargoNet. The number of incidents surged 70% over the five-year period, from 33 in 2021 to 56 in 2025. Friday saw the highest number of incidents, followed by Tuesday and Thursday.
The holiday weekend saw fewer reports, but still accounted for 71% of the total incidents. California, Texas, and Illinois accounted for nearly half of the incidents. Food and beverage shipments, household goods, electronics, vehicles, and metals were the most commonly stolen commodities. Organized groups are targeting high-value freight, with estimated losses exceeding $359 million in the first six months of 2026.
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