Verisk’s CargoNet Launches RouteSearch to Visually Identify Theft Risk by Route

The new tool helps prevent cargo theft with customized route mapping that identifies potential risk to reduce exposure to theft losses.

(Photo credit: Tak.)

CargoNet, a Verisk Analytics (Jersey City, N.J.) business, has released RouteSearch, a new tool that the vendor terms a significant upgrade to its proprietary database of supply chain cargo crime and fraud prevention information. RouteSearch, available to CargoNet members, provides users the ability to prevent cargo theft with customized route mapping that identifies potential risk to reduce exposure to theft losses, according to the vendor.

Anthony Canale, General Manager, CargoNet.

CargoNet member companies are now able to custom-build cargo routes to see the accompanying theft risks as visualizations of CargoNet’s proprietary data, Verisk reports. Users can adjust the radius and date range of theft data, access detailed loss information, filter by commodity, and even layer on truck stop locations. They also now have the ability to zoom into the street level or switch to satellite view to confirm theft locations.

“RouteSearch was developed with input from our advisory board and several CargoNet members to enhance critical decision-making support,” comments Anthony Canale, General Manager, CargoNet. “It was created for the industry, by the industry.”

CargoNet works through a national database and information-sharing system managed by crime analysts and subject matter experts. By providing recovery support, deterrence measures, and coordinated real-time communications between theft victims and law enforcement agents, CargoNet helps its members prevent cargo theft and improve chances of recovery. Since launching in 2010, CargoNet says it has helped its members recover more than $50 million in stolen tractors, trailers, and cargo. In addition, the organization has been successful in aiding law enforcement with dozens of arrests, using its 24/7/365 command center and its cargo crime database.

Industry-Leading Supply Chain Theft Data

“The launch of RouteSearch highlights our commitment to supporting our members in their efforts to avoid cargo theft through information sharing, cargo theft trends, and analytics,” adds Canale. “This enhancement will enable our members to leverage years of CargoNet’s industry-leading supply chain theft data to better understand and visualize their exposure for specific commodities and locations along any route in the United States and Canada.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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