Cargo Theft Losses More Than Double to $304 Million in Q2 Despite a Drop in Thefts, Driven by High-Value Metals and Technology Heists

Verisk's CargoNet unit released its Q2 2026 analysis, reporting that cargo theft incidents fell 26% year-over-year to 677, but financial severity more than doubled as estimated losses reached $304.6 million. The increase in losses was driven by sophisticated schemes targeting high-value commodities like metals and enterprise technology, with the average theft value hitting $564,009.

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