Amazon isn't the only retailer afflicted by cargo theft. Experts told CNBC cargo theft-related losses are estimated at close to $1 billion or more a year.

All told, the losses are estimated at more than $454 million. Cargo theft hit a record high in the U.S. in 2024 according to CargoNet, which expects the trend to continue. (CargoNet / FOXBusiness) ...

A former employee of Amazon’s Maspeth warehouse was arrested and charged last Tuesday with allegedly stealing almost 2,000 pairs of shoes worth hundreds of thousands of dollars.Asraf Mohamed, 33, of ...

Cargo theft has been on the rise—reaching unprecedented highs in recent years. With a 57% increase in incidents in North America in 2023 compared to the previous year, it’s an alarming trend ...

CargoNet data found that criminal activity was more lucrative during the quarter; the estimated average value per theft increased 42% to $401,000 from $282,000, even as cargo theft incidents ...

Report: Cargo Theft Increases During July 4th Holiday According to an urgent advisory from Verisk CargoNet — a cargo theft prevention and recovery agency — the week of Fourth of July has seen ...

Trackonomy reports cargo theft is a rising issue in supply chains, costing billions while advanced technology helps combat ...