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$725 Million in Freight Vanished in 2025. Congress Sent $4 Million After It.

Summary

Cargo theft losses in the U.S. and Canada surged 60% to an estimated $725 million in 2025, driven by cyber-enabled fraud schemes the FBI only formally warned about in April 2026. The House's first dedicated appropriation to fight it: $4 million — about half a cent on every dollar stolen.

By Nero · July 10, 2026

On April 30, 2026, the 's Internet Crime Complaint Center published Public Service Announcement I-043026-PSA, warning the transportation industry of "cyber-enabled strategic cargo theft" — criminals who hijack a broker's or carrier's computer systems, then use that access to steal entire truckloads of freight without ever touching a lock. The PSA cited a number from a private analytics firm: estimated cargo theft losses across the U.S. and Canada reached nearly $725 million in 2025, according to Verisk CargoNet's annual analysis — a 60% jump from 2024, even though the total count of supply-chain crime events barely moved. Three weeks earlier, the House Appropriations Committee had approved the government's first dedicated line item aimed at the problem: $4 million.

2025 cargo theft losses
$725M
+60% from 2024
Federal money aimed at it
$4M
≈0.55% of 2025 losses
For-hire carriers running ≤10 trucks
95.5%
of 1.05M registered carriers

How the theft actually works

The scheme the described runs in four stages. First, criminals compromise a broker's or carrier's email and load-board accounts, usually through spoofed domains and phishing links that install remote-access software. Second, using that stolen access, they "post fake loads online," sometimes "in the tens of thousands," to bait real carriers. Third, posing as a compromised carrier, they "accept shipments and double-broker the load to partially unwitting drivers" — rewriting bills of lading and destinations, and updating the real carrier's federal registration so the fraud isn't caught. Finally, the freight is "cross-docked or transloaded to complicit drivers, who redirect the cargo" for resale, per the IC3 announcement. None of it requires breaking into a trailer.

That shift toward fraud over force shows up in the numbers. CargoNet recorded 3,594 total supply-chain crime events in 2025, essentially flat against 3,607 in 2024 — but confirmed cargo theft incidents rose 18%, from 2,243 to 2,646, and the average value stolen per theft jumped 36%, to $273,990. "Criminal enterprises are becoming more selective and sophisticated, targeting extremely high value shipments rather than relying on opportunistic theft," said Keith Lewis, Verisk CargoNet's vice president of operations, in the company's release. "This strategic shift explains how losses can rise 60 percent even as overall incident volume holds steady." Food and beverage shipments were the fastest-growing target, with 708 thefts in 2025 — up 47% — while metal theft, driven by copper demand, rose 77%.

What Washington sent after it

Three weeks before the 's warning, the House Appropriations Committee had already moved. Its report on the fiscal year 2027 Commerce, Justice, Science and Related Agencies bill — H.R. 8845, approved May 15, 2026 — directs the Justice Department to brief Congress within 120 days on establishing regional task forces, led by the and run jointly with Homeland Security Investigations, the , and the Department of Transportation, "to investigate and refer related cases for prosecution." The committee's report language commits "$2,000,000 to support the establishment of these task forces", plus a further "no less than $2,000,000" directed to U.S. Attorneys' Offices with the highest cargo-theft caseloads, so each can assign "at least one additional attorney to cargo theft prosecutions." Total: $4 million, against $725 million lost the year before.

2025 cargo theft losses vs. the FY2027 federal appropriation to fight it
Dollars, 2025 estimated losses vs. FY2027 committee-directed funding
2025 cargo theft losses (U.S. + Canada)
$725M
House Approps. Cmte. cargo-theft appropriation, FY2027
$4M
Source: Verisk CargoNet (losses); H. Rept. 119-652, House Appropriations Committee (appropriation)
View data as table
Losses vs. appropriated funding
2025 cargo theft losses$725,000,000Verisk CargoNet, +60% YoY
FY2027 cargo-theft appropriation$4,000,000H. Rept. 119-652, House Approps. Cmte.

The trucking industry's own trade group had been pushing for both this appropriation and a companion bill, the Combating Organized Retail Crime Act, for over a year. "As the transportation mode entrusted with moving nearly three-quarters of the nation's freight, trucking has become a top target for organized crime rings, including transnational organizations," American Trucking Associations President and CEO Chris Spear said when that bill cleared committee in January 2026. "These brazen criminals rob our industry of millions of dollars every day, raising costs for consumers and putting truck drivers at risk in the process."

Who actually absorbs it

Cargo theft doesn't land evenly. The Federal Motor Carrier Safety Administration's registration data — queried directly from its Motor Carrier Census on July 10, 2026 — shows that of the 1,054,183 authorized for-hire carriers currently operating at least one truck, 1,006,821, or 95.5%, run ten trucks or fewer. These are the operators with the thinnest margins and the least capacity to absorb a six-figure loss when a load board scam routes a truckload of freight to a stranger instead of its buyer.

For-hire U.S. motor carriers by fleet size
Authorized for-hire carriers with ≥1 power unit registered, 2026
1–10 trucks
1,006,821
11–50 trucks
37,651
51–200 trucks
7,327
201+ trucks
2,384
Source: FMCSA Motor Carrier Census, via data.transportation.gov (queried July 10, 2026)
View data as table
Carrier count by fleet size
1–10 trucks1,006,82195.5% of 1,054,183 for-hire carriers
11–50 trucks37,6513.6%
51–200 trucks7,3270.7%
201+ trucks2,3840.2%

Only 2,384 carriers nationwide — 0.2% of the total — run fleets of 201 trucks or more. The freight economy that criminals are increasingly targeting with fraud instead of force is, mechanically, an economy of very small businesses.

The takeaway

  • Losses surged on sophistication, not volume. Total supply-chain crime events barely moved in 2025 (3,594 vs. 3,607), but confirmed theft rose 18% and the average theft value rose 36% — criminals are stealing less often and more precisely.
  • The federal response is measured in millions against losses measured in hundreds of millions. The FY2027 appropriation Congress committed to cargo-theft task forces and prosecutors is about half a cent for every dollar CargoNet estimates was lost in 2025.
  • The exposure sits with small operators. 95.5% of the nation's for-hire trucking carriers run ten trucks or fewer — the businesses least equipped to eat a $273,990 average loss.

Loss figures are Verisk CargoNet's estimates for calendar year 2025 across the U.S. and Canada; the $4 million appropriation figure is this article's sum of two amounts specified separately in H. Rept. 119-652 ($2,000,000 for task forces, "no less than $2,000,000" for prosecutors), not a single sum stated in the report. Carrier fleet-size figures are this article's own tabulation of 's live registration database as queried on July 10, 2026, and will shift as carriers register, deregister, or update their fleet size.

Sources

  • Verisk CargoNet — Cargo Theft Losses Surge to Estimated $725 Million in 2025 (Jan. 22, 2026), the source for 2025 total losses, the 60% year-over-year increase, confirmed-incident and total-event counts, average theft value, and the food/beverage and metals theft trends, including the Keith Lewis quote. verisk.com
  • Internet Crime Complaint Center — Public Service Announcement I-043026-PSA, Cyber-Enabled Strategic Cargo Theft Surging (Apr. 30, 2026) — the source for the four-stage fraud mechanism description and independent federal corroboration of the CargoNet loss figures. ic3.gov
  • U.S. House Committee on Appropriations — H. Rept. 119-652, Commerce, Justice, Science, and Related Agencies Appropriations Bill, 2027 (approved May 15, 2026), pp. 49-50 — the source for the $2 million task-force appropriation and the further $2 million directed to U.S. Attorneys' Offices for cargo-theft prosecutors. congress.gov
  • H.R. 8845, Commerce, Justice, Science, and Related Agencies Appropriations Act, 2027, 119th Congress — the underlying bill the report language above accompanies. congress.gov
  • American Trucking Associations — ATA-Backed Cargo Theft Bill Advances with House Committee Approval (Jan. 13, 2026) — source of the Chris Spear quote and confirmation of industry advocacy for both CORCA and the FY2027 appropriations report language. trucking.org
  • Federal Motor Carrier Safety Administration — Motor Carrier Census (SMS Input registration data), accessed via the U.S. open data portal on July 10, 2026 (dataset last updated by June 24, 2026) — the source for the fleet-size distribution of authorized for-hire motor carriers, computed directly by this article from the underlying registration records. data.transportation.gov
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