Verisk: Cargo Theft Losses Reached $725 Million in 2025

The total number of supply chain crimes showed little change in 2025, but estimated losses surged to nearly $725 million, a 60% increase from a year ago as organized crime groups increasingly focused on high value shipments, a new repot shows.

The increase noted in Verisk CargoNet’s annual analysis shows organized crime groups targeting high-value shipments, pushing the average value per theft by 36% to $273,990.

CargoNet recorded 3,594 supply-chain crime events across the United States and Canada in 2025, slightly less than the 3,607 incidents from the year prior. Confirmed cargo thefts, however, climbed 18% to 2,646 incidents, reflecting the shift toward higher-value operations.

California remained the most impacted state with 1,218 incidents. While Los Angeles County saw an 11% decline, Kern County reported an 82% increase and San Joaquin County cargo thefts rose 44%. The other top targeted states were Texas and Illinois. Together with California, the three states represented nearly 52% of all cargo theft in 2025. New Jersey, Indiana and Pennsylvania also posted significant year‑over‑year increases.

Food and beverage thefts also shot up 47%, with meat, seafood and tree nuts among the most targeted items depending on region. Metal theft climbed 77% amid strong demand for copper products. Organized crime groups also focused more heavily on enterprise computing hardware and cryptocurrency mining equipment, while theft of consumer‑grade electronics declined.

The top targeted location types included warehouse/distribution centers and truck stops.

CargoNet expects high‑value technology products to remain as top targets throughout 2026, including RAM modules, storage drives and enterprise computing equipment.