Verisk Analytics (Nasdaq:VRSK), a leading data analytics provider, announced 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.
Source: Verisk Press Release