Business UpdateNov 4, 2026, 05:02 PM
Verisk CargoNet: Supply Chain Crime Incidents Down 33%, But Losses Rise 12% in Q3
AI Summary
Verisk Analytics' Q3 2026 cargo theft analysis reveals a significant 33% year-over-year decline in reported supply chain crime incidents to 547. However, the financial impact continues to grow, with estimated losses reaching $230.1 million for the quarter, a 12% increase from the previous year, and $718.9 million year-to-date, up 39%. Fictitious pickups, a form of deception-based theft, increased their share of reported incidents to 25%. High-value thefts, particularly involving electronics and data center materials, also saw a notable rise, with 19 incidents exceeding $1 million in value compared to nine in the prior year.
Key Highlights
- Verisk CargoNet recorded 547 supply chain crime incidents in Q3 2026, a 33% decrease year-over-year.
- Estimated losses totaled $230.1 million in Q3 2026, up 12% from Q3 2025.
- Year-to-date estimated losses reached $718.9 million through September 2026, up 39% YoY.
- Fictitious pickups accounted for 25% of incidents in Q3 2026, up from 18% in Q3 2025.
- Nineteen thefts valued at $1 million or more were reported in Q3 2026, compared to nine in Q3 2025.
- Food and beverage remained the leading commodity category with 94 incidents, followed by metals with 63 incidents.
- California, Illinois, New Jersey, and Texas accounted for 57% of quarterly incidents.
Price Impact
More from VRSK