GearTrack and Verisk CargoNet Team Up for Enhanced Cargo Theft Protection and Recovery

Core Insights - Cargo theft in the United States and Canada reached unprecedented levels in 2024, prompting a strategic collaboration between GearTrack and CargoNet to enhance cargo protection [1] - The collaboration will provide GearTrack customers with access to Verisk's theft and fraud risk management tools, including customized safety action plans based on route-specific risks [2][5] - The upcoming GearTrack Cargo Security Index, powered by Verisk CargoNet, will offer monthly insights into cargo theft trends, highlighting theft hotspots and providing actionable intelligence [3][6] Company Insights - GearTrack is an IoT-powered supply chain solution that focuses on real-time tracking and protection of high-value assets, helping companies reduce downtime and ensure timely deliveries [7] - Verisk is a strategic data analytics partner for the global insurance industry, providing insights to improve operational efficiency and combat fraud [8] Collaboration Benefits - The partnership aims to enhance cargo protection by combining real-time intelligence with actionable recommendations, allowing shippers to make informed decisions and minimize risks [4][5] - GearTrack customers will receive training on enhanced route risk scoring and access to detailed cargo theft analysis and trend reports [5]