Of course, claims data can’t be tracked if it’s never recorded.

With a risk management information system (RMIS), cargo theft claim data can easily be tracked to find patterns-uncovering times, locations or even drivers repeatedly associated with claims. Those patterns can then be the genesis for action plans to address the theft, like creating a policy forbidding roadside parking after uncovering most of your claims were occurring roadside or investigating a driver more thoroughly after realizing repeated claims occurred on his or her watch.

This highlights the importance of monitoring transit activity-whether you represent a transportation company or a business that relies on transportation companies to get your precious cargo from one place to the next using trucks. In Europe, 69.3 percent of the truck-related cargo thefts that were reported in October 2015 occurred at unsecured parking locations, according to information in “Vigilant,” a newsletter published by the Transported Asset Protection Association Europe.

Precious cargo transportation il