CargoNet reports $304.6M in losses, Scott Cornell says Q2 theft drop is no trend yet

Fewer cargo theft reports did not mean smaller losses during the second quarter, according to Verisk CargoNet’s analysis . The intelligence network documented 677 incidents across the United States and Canada. That total fell 26% from Q2 2025. It also dropped 14% from the previous quarter. Estimated cargo losses nevertheless climbed to $304.