The Effects of Cargo Theft in a Down Global Economy

Abstract

As General Counsel and Director of Security for a United States based logistics company, I have had the unique experience of dealing first hand with the theft of our clients’ cargo. Through this experience my company and I have decided to become more active in the fight against cargo theft. We recently became active members of the National Cargo Theft Task Force, which was created and organized by law enforcement, insurance and logistics industry entities dedicated to the fight against this growing problem. The following paper will focus on who is involved in cargo theft, how it is occurring, what items are being targeted by the criminals, how cargo theft affects the economy, what the National Cargo Theft Task Force is doing to combat the problem and finally how insurance can be utilized to protect or make the victims of cargo theft whole.