Logistics theft losses climb to $35 billion annually; project44 announces autonomous theft prevention solution

Chicago, USA / Tokyo — June 4 — project44, a decision intelligence platform for modern supply chains, has announced the launch of its AI-powered 'Theft Prevention' solution.

The solution continuously monitors trucked freight and, upon detecting signs of cargo theft, utilizes AI agents to automatically contact carriers when high-risk events occur. This reduces the time from incident detection to resolution to just minutes. Early detection is expected to improve cargo recovery rates, reduce total loss claims, and decrease insurance claim frequency on high-value lanes.

Homeland Security Investigations estimates that cargo theft in the US causes up to $35 billion in annual losses. According to the National Insurance Crime Bureau (NICB), cargo theft has increased by approximately 1,500% since 2021, driven by organized crime syndicates leveraging sophisticated tactics such as carrier identity theft, fictitious pick-ups, and GPS jamming.

In many cases, shippers only discover theft when cargo fails to arrive at its destination, leaving little opportunity for intervention or recovery. This theft prevention solution leverages telematics data from ELDs, trailer sensors, and door sensors to continuously monitor freight in transit. When suspicious behavior is detected, it generates an exception alert for the shipment requiring attention within minutes, and an AI agent automatically contacts the carrier to verify the status.

Jett McCandless, Founder and CEO of project44, stated: "The value of AI is determined by the quality of its foundational data. project44 has built a platform with reliable supply chain context based on 1.5 billion annual shipments. This base enables autonomous responses and reliable, actionable outcomes." Key features include 'Zone Monitoring' for proactive alerts in high-risk areas and 'Route Deviation' for real-time verification against planned routes.