Although cargo theft typically spikes during the busy holiday seasons, it has proven to be a growing threat year-round. Cargo theft incidents increased significantly in the first quarter of 2024, rising a startling 46% compared to Q1 2023 and 10% compared to Q4 2023 according to data from CargoNet. The average reported stolen amount was over $280,000, with warehouses, distribution centers and parking lots being the top targeted locations for these incidents.