Verisk CargoNet Reports Persistent Labor Day Cargo Theft Exposure Across U.S. Freight Networks
Verisk CargoNet's five-year analysis reveals cargo theft incidents during Labor Day periods increased 70% from 2021 to 2025, with theft activity concentrated around the holiday rather than on the weekend itself. California, Texas, and Illinois account for 48% of incidents. The analysis highlights an emerging threat of identity-based fraud involving compromised carrier accounts and phone systems, with organized groups becoming more selective in targeting high-value commodities. First-half 2026 cargo theft losses exceeded $359 million.