Scottsdale (June 29th, 2016) – GlobalTranz, a leading Arizona freight brokerage and advanced logistics software firm announced today that they are now certified members of CargoNet. This announcement comes as losses due to cargo theft worldwide totaled over $18.7 million in 2015 after year-over-year increases in cargo theft.
“Protecting our customer’s freight is of the highest priority at GlobalTranz and CargoNet offers the tools and resources that proactively ensure we are doing just that. CargoNet’s network of customers, carriers and law enforcement agencies allow critical information to be shared in real time. Cargo theft is on the rise and we are excited to be working with CargoNet to provide increased cargo security for our customers.” – Grant Glasser, Vice President of Carrier Operations.
According to one report released in March of this year, cargo thieves looted businesses worldwide of more than $22 billion in cargo. Overdrive magazine reported an 8% increase in cargo theft for the first quarter of 2016 in the U.S. The numbers keep going up every year. Smaller cargo ships are being targeted enabling pirates and cargo thieves to hit multiple loads for around $110,000 on average.
CargoNet, a Verisk Analytics business, uses a unique system of national databases and information-sharing to help prevent cargo theft and improve recovery rates. Using a multi-layered approach, information gathered from business partners, law enforcement, and theft victims is synchronized and then analyzed by crime analysts and supply chain experts.
Through comprehensive cooperation, CargoNet is able to provide theft alerts, conduct investigations through its command center, and stop cargo theft before it happens. They offer driver education programs, cargo security training, and a tractor/trailer theft deterrence program.
The types of cargo you carry and which states you are driving through will make you more or less of a target. For instance, the majority of goods stolen by cargo thieves are food and beverage, accounting for 20% of all cargo thefts, though theft of industrial and building products has nearly tripled. California sees more cargo theft than any other state, accounting for 21% of cargo thefts, increasing nearly 50% since 2015.
CargoNet reported an increase in thefts over the 4th of July weekend each year over the last four years. Over the first week of July since 2012, cargo thieves have been able to steal more than $10 million total over the holiday weekend.
The biggest 4th of July thefts took place in Los Angeles, Miami, and Newport, TN. Nearly a million dollars worth of electronics were stolen from warehouses in two different small Florida towns; Doral and Medley, FL.
With the fourth of July holiday fast approaching, the announcement of GlobalTranz’ joining CargoNet is also welcomed news for their hundreds and hundreds of partners, carriers, vendors, and vendor partners.
According to a report from CargoNet, cargo thefts increased by 11% from 2014 to 2015 in the three months between March and May. This year, the number has skyrocketed. GlobalTranz is proud to make this announcement and believes that this new relationship will give their freight agents and their carrier partners added security and peace of mind.
In a logistics industry where small businesses need to manage supply chains that stretch across borders, securing loads on route is just as important as finding carriers to move it. CargoNet’s security system will give LTL and full truckload agents increased resiliency to proactively prevent cargo thefts.
GlobalTranz is a technology-enabled logistics company specializing in freight management services including LTL, Full Truckload, Supply Chain Management, and Domestic Air/Expedited shipping. Their team focuses on innovative technology and partnering with sales professionals that possess energy, insight and a fervent customer service mentality.
GlobalTranz has created a one-stop-shop for its customer base of over 25,000 shippers through providing Less-Than-Truckload, Full Truckload, Supply Chain and Expedited Services. In 2016, Transport Topics Announced GlobalTranz as the 12th Largest Freight Brokerage Firm in the US. GlobalTranz is a leading company in the $157 Billion Dollar third-party logistics industry, with annual revenue exceeding $500M and growing every year. GlobalTranz currently has 500+ employees and is growing rapidly.