Similar Stories to 'sting Trailers' Offer Glimpse Into World Of Cargo Thieves on Bing News

Cargo theft has become a huge problem that the FBI says causes $15 billion to $30 billion in losses each year in the U.S. Law enforcement and the insurance industry are fighting back by tempting thieves with "sting trailers" laden with cameras and GPS tracking devices, hidden within both the trailers and the inventory they contain. The prevention efforts aren't new, but the reason for them is particularly acute during the holiday shopping season, when such thefts tend to increase as crooks look to score from retailers loading up on merchandise, according to FreightWatch International, a security company based in Austin, Texas. New York-based Travelers Cos., which has a large office in Hartford, believes it is the only insurance company using a sting trailer, though a handful of others are used by law enforcement agencies and retail and trucking companies. The nonprofit group, based in Des Plaines, Illinois, works with law enforcement agencies and insurance companies to prevent theft. Getting even bolder, thieves have been using identity theft and bogus documents to pose as drivers for real companies to pick up trailers of goods at warehouses, according to Covey and Scott Cornell, a Travelers theft investigator. Police tracked the stolen speakers to a rental storage center in Lyon Township, Michigan, where a state trooper found two suspects, a tractor-trailer and two rental units filled with stolen electronics and other goods.

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