Cargo theft risks escalate sharply over the Thanksgiving holiday, with organized criminal networks exploiting vulnerabilities in the supply chain, according to an analysis by CargoNet. Over the past five years, 174 significant theft events have been recorded during the six-day window from the Tuesday before Thanksgiving to the following Monday.
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The Monday after Thanksgiving marks the peak for criminal activity, coinciding with a surge in identity fraud complaints. CargoNet attributes this trend to extended holiday closures and reduced vigilance across the industry, creating opportunities for theft.
Hotspots for cargo theft include San Bernardino County and Los Angeles County in California, as well as Cook County in Illinois. Criminals often target semi-tractors, trailers, and high-value goods such as freight-all-kinds shipments, hard liquor, and vehicle accessories like tires and motor oil. These thefts are typically coordinated through sophisticated networks with connections to black market buyers.
Identity fraud is also evolving as a key tactic, with more than 450 fictitious pickup attempts recorded in 2024 alone, putting the year on track to surpass last year’s record levels. Despite the industry’s efforts to thwart traditional fraud schemes, criminals continue to adapt, employing increasingly advanced techniques.
“The Thanksgiving holiday period creates uniquely vulnerable conditions throughout the supply chain,” CargoNet warned in a recent alert. “Extended facility closures combine with reduced staffing levels to disrupt normal operating patterns. These factors create opportunities for criminal exploitation that require enhanced vigilance and security protocols.”
CargoNet, a Verisk business specializing in cargo theft prevention and recovery, advises logistics and supply chain professionals to strengthen security measures and maintain heightened awareness during this high-risk period. By adopting proactive strategies, companies can mitigate theft risks and protect their assets during the holiday season.