Spot joined CargoNet® from Verisk, to fortify its defenses against a surge in cargo theft. This strategic alliance leverages secure data sharing, investigative expertise, and advanced risk analysis to safeguard Spot's customers and maximize cargo recovery rates. Cargo theft in the United States skyrocketed by over 57% in 2023 compared to 2022, according to CargoNet, a Verisk business, with a further 68% increase in the fourth quarter alone.

Since its launch in 2010, Verisk's CargoNet has helped its clients recover over $100 million in stolen tractors, trailers, and cargo. In addition, the solution has successfully aided law enforcement with dozens of arrests, using its 24/7/365 command center and cargo crime database. At its core, Verisk's CargoNet allows transportation companies like Spot and the carriers they work with to reduce their risk of becoming victims of cargo theft and have a better chance at recovering stolen freight.

Leveraging a national database and information-sharing system managed by crime analysts and subject-matter experts, CargoNet offers a comprehensive approach to cargo theft prevention and recovery. This includes recovery support, implementation of deterrence measures, and facilitating real-time communication between theft victims and law enforcement agencies.