JERSEY CITY, N.J., January 30, 2012 — CargoNet, a leading source of information about cargo theft risk, today announced a new strategic alliance with the Tennessee Highway Patrol to combat stolen goods in transit in Tennessee and surrounding states. State troopers will use the CargoNet system to disrupt cargo crime networks, increase recovery rates, and apprehend criminals associated with cargo thefts. CargoNet is a member of the Verisk Analytics (Nasdaq:VRSK) Family of Companies.
“This newly established relationship will further strengthen our increased criminal interdiction efforts throughout Tennessee,” THP Colonel Tracy Trott said. “With the information-sharing capabilities of CargoNet, state troopers can conduct timely investigations, link recovered goods to owners, and remove criminals from interstate roads.”
State troopers will now have access to investigative support through the 24-hour CargoNet operations center and will receive theft alerts to patrol units. The CargoNet database will also allow highway patrol personnel to analyze shifting crime patterns; retrieve real-time theft trends; and access theft reports based on day, time, location, commodity, and many other factors.
Formed by Verisk Analytics and the National Insurance Crime Bureau (NICB) in 2010, CargoNet focuses on the collection and analysis of U.S. cargo theft incident information. The data collection effort has resulted in a database with a constantly growing number of detailed cargo theft reports.
“We applaud the Tennessee Highway Patrol for its leadership in the fight against cargo theft,” said Anthony Canale, general manager for CargoNet. “This alliance is a perfect example of how the public and private sectors can work together to share intelligence across municipal and state jurisdictions, which is critical in the fight against highly mobile cargo thieves.”
Members of the THP and other law enforcement agencies will participate in a three-day training program to further enhance their cargo theft interdiction skills.
A division of Verisk’s ISO Crime Analytics unit, CargoNet® helps prevent cargo theft and improve recovery rates through secure and controlled information sharing among theft victims, their business partners, and law enforcement. CargoNet is centered on a national database and information-sharing system managed by crime analysts and subject-matter experts. By applying a synchronized, layered approach, CargoNet exploits the weakness of cargo thieves at multiple points. CargoNet offers integrated databases, a theft alert system, task force and investigations support, a tractor/trailer theft deterrence program, and the TruckStopWatch® program. CargoNet also provides driver education and incentives, secondary-market monitoring and interdictions, crime trend analysis and loss control services, and training. More information on CargoNet can be found at www.cargonet.com.
About the Tennessee Department of Safety and Homeland Security
The Tennessee Department of Safety and Homeland Security’s mission is (www.TN.Gov/safety) to ensure the safety and general welfare of the public. The department encompasses the Tennessee Highway Patrol, Office of Homeland Security, and Driver’s License Services. General areas of responsibility include law enforcement, safety education, motorist services, and terrorism prevention.
MWW Group (for CargoNet)
MWW Group (for CargoNet)