Verisk’s CargoNet Business Launches RouteSearch to Visually Identify Risk of Theft by Route
JERSEY CITY, N.J., October 16, 2017 — Verisk Analytics (Nasdaq:VRSK), a leading data analytics provider, announced today that its CargoNet® business released a significant upgrade to its proprietary database of supply chain cargo crime and fraud prevention information. RouteSearch, a new tool immediately available to CargoNet members, improves users’ ability to prevent cargo theft with customized route mapping that identifies potential risk to reduce exposure to theft losses.
For the first time, CargoNet member companies can custom-build cargo routes to see the accompanying theft risks as visualizations of CargoNet’s proprietary data. Users can adjust the radius and date range of theft data, access detailed loss information, filter by commodity, and even layer on truck stop locations. There is also the ability to zoom into the street level or switch to satellite view to confirm theft locations. Anthony Canale, general manager of CargoNet, explained, “RouteSearch was developed with input from our advisory board and several CargoNet members to enhance critical decision-making support. It was created for the industry, by the industry.”
CargoNet is centered on a national database and information-sharing system managed by crime analysts and subject matter experts. By providing recovery support, deterrence measures, and coordinated real-time communications between theft victims and law enforcement agents, CargoNet helps its members prevent cargo theft and improve chances of recovery. Since its launch in 2010, CargoNet has helped its members recover more than $50 million in stolen tractors, trailers, and cargo. In addition, the organization has been successful in aiding law enforcement with dozens of arrests, using its 24/7/365 command center and its cargo crime database.
“The launch of RouteSearch highlights our commitment to supporting our members in their efforts to avoid cargo theft through information sharing, cargo theft trends, and analytics,” added Canale. “This enhancement will enable our members to leverage years of CargoNet's industry-leading supply chain theft data to better understand and visualize their exposure for specific commodities and locations along any route in the United States and Canada.”
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, natural resources, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk Analytics helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 29 countries and is a member of Standard & Poor’s S&P 500® Index. In 2017, Forbes magazine named Verisk Analytics to its America’s Best Mid-Size Employers list and to its World’s Most Innovative Companies list. Verisk is one of only seven companies to appear on both lists. For more information, please visit www.verisk.com.