Cargo Theft Surges 60% to $725M in 2025, Shifts to Identity Fraud

Cargo theft jumped 60% last year, reaching $725M in losses. Tactics have shifted from physical break-ins to sophisticated identity fraud and document forgery, with fake carrier impersonation a key method. This trend aligns with recent high-profile cargo theft cases (Nike ring, tungsten heist, FedEx tracking ring) and underscores the need for new countermeasures. Recent recovery of $500K in Southern California and state legislative responses add to the narrative.