From 2019 to 2023, truck, trailer, and cargo thefts resulted in total compensation of $531 million, according to a recent report by Équité Association. Of this amount, approximately $239 million was not recovered. This organization, specializing in combating insurance fraud, highlights the financial impact of these thefts on insurers, transporters, and consumers, contributing to the increase in insurance premiums and transportation costs.
The report also underscores the public safety dangers posed by these thefts. The perpetrators, often unqualified to drive heavy vehicles, present an increased risk on the roads. The theft of perishable goods poses a health risk, as these products may be improperly stored before being resold, creating public health issues.
The average value of recovered cargo is $114,000, with a notable increase in thefts in 2022, reaching $134.8 million. The recovery rate for trucks is 56%, higher than that for trailers and cargo. The Ontario cities of Mississauga, Brampton, Vaughan, and Toronto, along with Montreal, are the primary areas affected by these thefts.
In 2023, specialized units in Ontario successfully dismantled several criminal networks, reducing the number of thefts compared to the previous year. However, Équité Association anticipates a resurgence of heavy vehicle thefts in 2024 due to the redeployment of resources towards combating passenger vehicle thefts, prompting criminals to target commercial heavy vehicles more frequently.
Regarding heavy equipment, theft losses between 2019 and 2023 exceeded $124.6 million, with Edmonton, Calgary, and Toronto being the most affected areas. Skid steer loaders and mini-excavators are the most frequently stolen equipment, especially at night on construction sites. Équité Association recommends enhanced security measures for transport fleets, including secure parking areas, the installation of anti-theft devices, and thorough background checks for drivers.
