Value of Import Cargo Losses Goes up but Overall Thefts Go Down

It is not overall great news that cargo theft numbers are trending down but the value of the existing ones are going up. A recent article in businessinsurance.com noted that FreightWatch international reported that the volume of cargo thefts went down in the second quarter of 2013 but increasing in those statistics is the over loss value.

Quarter two, incase any of those of you who are still mentally living in the time be business concepts were applied to a calendar, is April to June of 2013 had one hundred and ninety four reported thefts reported in the United States. At average take of $164,594, that kind of loss per incident is pretty staggering considering that could take a small business down like a lion on a lone hyena. That is a four percent increase in value lost over quarter one of the year.

As if they think that Coke products were good for you, thieves focused on stealing food and beverage products during the second quarter. Perhaps is was the thought that imported goods would help them quench their thirst a lot better than domestically made products. More applicable to this blog, however, were the sacred electronics group being hijacked for their obvious uses.

Pulling a strong third place were building / industrial materials which included but is not limited to roofing shingles. It only makes sense that California had the highest theft rate of twenty nine percent followed by a close second down south in Texas at seventeen percent. So – it goes to show that printed circuit boards are holding their own in the importance of the world’s needs hierarchy.

We, of course, get lumped into electronics because there are fully assembled PCBs in there but – hey – we are part of what makes the Nokia phone work, right!?

In the “government gets involved to benefit a few category” we see that the United States & European Union trade things for free, which sounds nice but usually screws things up talks got off to a really great start this year in July.

So what…why don’t those two groups just get out of the way and let the markets take care of pricing? Mike Froman the U.S. Trade Rep stated things were optimistic in initial rounds of discussions that probably will cost tax payers hundreds of thousands. He will be back at it in October with his EU counterpart Karel de Gucht to see they can further screw up international trade.

We can’t wait to see how that one turns out for all of us…if it has any hints of what EU has brought to that region, we can bet it will be a disaster and exporting and importing will never be the same. Source: USTR.gov

James Brown
VP Sales & Marketing
801-361-1228
[email protected] 

 

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