Each year, cargo theft costs the Canadian economy $5 billion. All too often, cargo theft goes unreported. IBC leads a national cargo theft reporting program with the Canadian Trucking Alliance (CTA).
What is Cargo Theft?
Cargo theft involves stealing trucks and transport trailers full of merchandise. After stealing the vehicle or trailer, the criminals offload the cargo, which can be worth thousands of dollars, parcel it and sell it for a quick profit, often before the crime is reported.
This low-risk, high-reward crime is a significant problem across the country. Transportation hubs in southern Ontario, Montreal and Vancouver are prime targets for these organized theft operations.