Verisk Cargo Theft Incidents Down, Financial Losses Double to $304.6M

Verisk's CargoNet reported a 26% decline in supply chain theft incidents across the US and Canada in Q2 2026 compared to Q2 2025, with 677 incidents documented. However, the financial impact escalated sharply, with total estimated cargo losses more than doubling year-over-year to $304.6 million, up from $135.7 million in Q2 2025, driven by several multimillion-dollar thefts. While physical thefts and non-delivery fraud decreased, particularly in California and Texas, compromise-based schemes like business email fraud and shipment misdirection remained steady. Organized groups continue to target high-value commodities such as metals and enterprise technology.