During a recent congressional hearing, representatives from the trucking and logistics industries voiced concerns over the surge in cargo theft, which is costing U.S. supply chains approximately $35 billion annually. Various types of crimes, including broker fraud and cyber theft, are increasingly harmful to businesses and consumers alike. Stakeholders called for enhanced federal enforcement and proposed measures such as establishing a Supply Chain Crime Coordination Center, modernizing verification processes, and increasing penalties for cargo theft. They urged Congress to prioritize legislation aimed at protecting the industry and consumers from these growing threats.

Source: https://www.supplychaindive.com/news/cargo-theft-rising-enforcement-needed-hearing/741902/