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Cargo Theft Losses Top $304.6M as Little Debbie Invoice Fraud Case Unfolds Supply Chain
SC Risk & Resilience #cargo theft#fraud

Cargo Theft Losses Top $304.6M as Little Debbie Invoice Fraud Case Unfolds

Verisk CargoNet data cited by FreightWaves shows cargo theft losses reached $304.6 million in the second quarter even as reported incidents fell 26% year over year. Separately, James Powell of West Virginia faces 15 criminal charges for allegedly forging invoices and signatures in a Little Debbie snack delivery fraud scheme. Industry observers say official figures undercount true theft volume by as much as six unreported incidents for every one reported.

Aug 10, 2026 1 source