GMTA and CargoNet Form Alliance to Combat Rising Cargo Theft Problem

January 1, 2011 / 2 min read

JERSEY CITY, N.J., August 29, 2012 — CargoNet®, a leading source of information about supply chain risk, announced today a strategic alliance with the Georgia Motor Trucking Association (GMTA) to assist GMTA members in mitigating cargo theft risk in Georgia. CargoNet is a division of the Verisk Crime Analytics unit at Verisk Analytics (Nasdaq:VRSK).

Through the agreement, all cargo theft-related incidents reported to the GMTA will be transmitted directly to CargoNet’s 24-hour operations center, which will assist in recovery efforts by working in tandem with law enforcement agencies on a local, regional, and national level.

“Our association has been a national leader in raising awareness and helping build public/private partnerships to combat organized cargo theft,” said Ed Crowell, president of the GMTA. “Our joint endeavor with CargoNet adds unsurpassed analysis and reporting capabilities to our tool chest.”

“This strategic alliance is a perfect example of how security councils and the private sector can work together to try to put a stop to this multibillion-dollar-a-year crime,” added Keith Lewis, vice president of operations at CargoNet. “We applaud the GMTA for its leadership and proactive approach in the fight against cargo theft.”

In addition to assisting the GMTA in the recovery of stolen cargo, CargoNet will provide special member pricing to GMTA members.

About CargoNet
A division of the Verisk Crime Analytics unit at Verisk Analytics (Nasdaq:VRSK), 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 weaknesses 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 Georgia Motor Trucking Association
The Georgia Motor Trucking Association is a 79-year-old trade group representing more than 900 companies in trucking and freight transportation. GMTA leadership was instrumental in the creation of anti-cargo theft enforcement operations in Georgia, and the association is a recognized leader in the industry’s response to this issue.

Release: Immediate

Contact:

Erica Helton
MWW Group (for CargoNet)
201-507-9500
ehelton@mww.com

Giuseppe Barone
MWW Group (for CargoNet)
201-507-9500
gbarone@mww.com