Hartford, Conn. — According to the National Cargo Security Council, cargo theft is estimated to account for up to $25 billion in direct merchandise losses each year. With more than 675,000 registered interstate motor carriers moving 65% of the freight in the United States, the opportunity for theft is at an all-time high. To combat the problem of cargo theft for its customers, assist law enforcement organizations and help keep retail costs down for the public, Travelers Inland, Hartford, Conn., in partnership with the National Insurance Crime Bureau (NICB), Des Plaines, Ill., unveiled the Travelers Sting Trailer at this week's 2008 Chicago Midwest Cargo Theft Summit.
“The transportation industry is plagued by cargo theft,” says Dick Rowley, president, Travelers Inland. “The cost of theft spreads across the entire economy, not just at the consumer level, but in terms of other serious illegal activities often funded by cargo theft. By building the Travelers Sting Trailer, not only are we helping our customers keep their business moving by safeguarding their cargo, we are providing law enforcement organizations across the country with much needed resources to catch the thieves responsible for cargo theft.”
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