To Combat Mounting Cargo Theft, Verisk Launches CargoNet® RouteScore API

Core Insights - Cargo theft losses in the U.S. are projected to increase by 25 percent in 2024 compared to 2023, which already saw record-high incidents [1] - Verisk has launched the CargoNet RouteScore API to help minimize cargo theft risk through advanced data-driven risk scoring [1][2] CargoNet RouteScore API - The RouteScore API generates a cargo theft route risk score ranging from 1 to 100, with 1 indicating the lowest likelihood of theft [3] - The scoring model considers factors such as cargo type, value, length of haul, origin, destination, day of the week, and theft history of truck stops [3] - The API also identifies the riskiest truck stops along a route, providing actionable insights for risk management [3][4] Industry Impact - The RouteScore API empowers companies to proactively protect their cargo, with high-risk scores prompting additional security measures [4] - Users can align high-risk lanes with top-tier carriers to ensure optimal security practices are in place [5] - The solution is available in an API format, allowing integration with third-party Transportation Management Systems and other platforms [5]