The Retail Industry Leaders Association (RILA) and CargoNet announce the establishment of an exclusive strategic alliance with the shared goal of combating the growing problem of cargo theft across the retail industry.
According to the 2010 United States Cargo Theft Reportissued by CargoNet, reported incidences of cargo theft increased by 50 percent compared to 2009. According to the FBI, cargo theft is a multi-billion dollar industry in the United States.
“Cargo theft has become a significant pain point for retailers,” said Lisa LaBruno, RILA vice president of loss prevention and legal affairs. “Through this joint endeavor and use of the information-sharing network that has established CargoNet as an industry leader, we hope to stem the tide of cargo theft and maximize recoveries for retailers.”
Through CargoNet’s information-sharing network, theft incident details are passed on to statewide law enforcement systems and several non-law enforcement channels almost immediately after a theft is reported. The network ensures law enforcement can efficiently find critical information to help solve complex investigations, identify perpetrators, and recover stolen product.
“Mitigating risk within the supply chain caused by cargo theft is a priority for CargoNet,” stated Maurizio Scrofani, president of CargoNet. “Our strategic alliance with RILA, as one of the most powerful voices of the retail community, is key to ensuring we continue to focus on the needs of our supply-chain constituents within the shipper community.”
A division of Verisk’s ISO Crime Analytics unit, CargoNet® helps to prevent cargo theft and improve recovery rates through secure and controlled information sharing among theft victims, their business partners, and law enforcement. CargoNet is centered on a national database and information-sharing system managed by crime analysts and subject-matter experts. CargoNet applies an integrated, layered approach that exploits the weakness of cargo thieves at multiple points and includes integrated databases, a theft alert system, task force and investigations support, a tractor/trailer theft deterrence program, the TruckStopWatch® program, driver education and incentives, secondary-market monitoring and interdictions, crime trend analysis and loss control services, and training and education. More information on CargoNet can be found at http://www.cargonet.com/.
RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and operate more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.