Insurance Insights & Advice
Freight Crime on the Rise: What You Need to Know
- Admin, Ratcliffes
- 27 November, 2024 | Update 27 November, 2024
In a recent incident, organised crime gangs targeted supermarket lorries carrying high-value goods like cigarettes and alcohol. These criminals monitored specific trucks, exploiting stops and traffic slowdowns to steal cargo, with drivers being targeted up to eight times a day.
This case highlights the growing problem of freight crime in the UK. The All-Party Parliamentary Group (APPG) for Freight and Logistics released a report, Securing Our Supply Chains, urging the government to take action.
Key Findings
- Increasing Incidents: In 2023, there were 5,370 reported cases of heavy goods vehicle (HGV) and cargo theft, a 5% rise from the previous year.
- Major Financial Losses: Direct losses amounted to £68.3 million, with estimates suggesting the true cost exceeds £700 million when considering retail values.
APPG Recommendations
- Secure Parking Standards: Implement stricter standards to ensure all lorry parks provide a safe environment for drivers and cargo.
- Planning Reforms: Include hauliers’ needs in the National Planning Policy Framework to enhance supply chain security.
- National Parking Programme: Address the shortage of secure lorry parking facilities.
- Support for Law Enforcement: Increase funding and resources for police to combat organised freight crime.
Steps Companies and Drivers Can Take
For Companies:
- Vet Carriers: Ensure carriers are legitimate and reliable.
- Use Advanced Technology: GPS tracking, secure locks, and alarms can deter theft.
- Provide Secure Parking: Encourage using well-lit, secure areas for overnight stops.
For Drivers:
- Stay Alert: Be aware of surroundings and avoid predictable routes.
- Secure Vehicles: Lock all doors and secure trailers when parked.
Insurance Considerations
- Evaluate Needs: Assess goods and risks to determine the right insurance coverage.
- Understand Policies: Be aware of exclusions and ensure policies cover theft.
- Explore Add-Ons: High-value shipments may need additional coverage.
By taking these steps, companies and drivers can better protect their goods, while tailored insurance offers peace of mind and financial protection.
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Sources
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