CargoNet, a Verisk Analytics company specializing in averting cargo theft, has launched a new app to boost its theft risk identifying properties according to a Verisk press release. The company’s RouteSearch app is available to registered CargoNet members only at this time.
C.H. Robinson recently developed a “risk calendar,” as detailed by Supply Chain Drive focused primarily on ocean-bound freight. CargoNet’s app is focused on cargo theft.
Releasing RouteSearch to the market served as a significant upgrade in its proprietary database. The route mapping features help registered users identify “potential risk to reduce exposure to theft losses.” As its website noted, “CargoNet is designed for law enforcement by law enforcement.” This service has helped stakeholders get alerts on cargo theft trends and whether their own freight and logistics company is susceptible to those trends.
With RouteSearch though, the spotlight is turned toward route trends. Traditionally, CargoNet alerts have focused on cargo theft that occurs in transit. This new service will add in route trends to identify problem areas.
CargoNet member companies can custom-build cargo routes to see the accompanying theft risks as visualizations of CargoNet's proprietary data, it said. 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. There is also the ability to zoom into the street level or switch to satellite view to confirm theft locations.
General Manager Anthony Canale explained that RouteSearch was developed “with input from our advisory board and several CargoNet members to enhance critical decision-making support.”
Membership in CargoNet is free. It resulted in a national database gathered to come up with an “information-sharing system managed by crime analysts and subject matter experts.” Even recovery support is noted in the press release, giving more hope to logistics companies to at least put their business back on track, literally and figuratively.
CargoNet’s command center operates 24 hours a day, 365 days a year, building a cargo crime database that serves as a basis for developing new risk aversion apps like RouteSearch.
“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,” Canale said.
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