Echo Global Logistics Reduces Risk of Cargo Theft With CargoNet
 

CargoNet Database Is Managed by Crime Analysts and Theft Experts Who Work With Supply Chains to Collaboratively Reduce Theft

CHICAGO, IL - Echo Global Logistics, Inc., a leading provider of technology-enabled transportation and supply chain management services, announced today they have joined CargoNet to reduce their risk of cargo theft and to provide an added level of security for their clients. CargoNet is committed to preventing cargo theft and increasing recovery rates through information sharing between theft victims, partners, law enforcement, and NICB. CargoNet is a division of Verisk Crime Analytics, a Verisk Analytics business.

"CargoNet is leading the way in assisting shippers battle cargo theft by enabling firms to proactively share data to reduce the risk of theft and to improve the probability of recovery when cargo theft has been identified in real time," said David Menzel, President and Chief Operating Officer of Echo Global Logistics. "Cargo crime is an increasing problem in transportation and we are pleased to be working with CargoNet to provide increased security to our shippers."

According to CargoNet data, there were 1,090 reported incidents of cargo theft in the United States in 2013. With the nation's largest database of cargo theft incidents and an information-sharing system, CargoNet offers a layered approach to cargo theft management which includes the ability for carriers to report thefts 24 hours a day, perform analysis of thefts benchmarked to national patterns, and offer proactive theft prevention services.

The platform quickly sends theft data to law enforcement systems which provide personnel with detailed information they need to help recover stolen cargo through the identification of thieves and stop increasingly complex criminal organizations.

"We're pleased to welcome Echo Global Logistics to the CargoNet program, a move which will further help to improve cargo security through access to data from their extensive network of transportation providers," said Anthony Canale, General Manager at CargoNet. "Cargo theft is a serious problem that affects the entire transportation supply chain. Large firms, such as Echo Global Logistics, are vital to helping reduce cargo thefts through collaboration and the sharing of data on a large scale."

For more information, visit www.verisk.com/crimeanalytics.