INDIANAPOLIS, May 16, 2024
/PRNewswire/ -- Spot, a North American logistics leader, has joined
CargoNet® from Verisk (Nasdaq: VRSK), a leading
global data analytics and technology provider, 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.
"At Spot, we are committed to providing our customers with the
highest level of security for their freight. By joining Verisk's
CargoNet, we are gaining access to a comprehensive suite of cargo
security solutions and information sharing that will help us
further protect our customers' shipments from theft, provide
critical information to law enforcement, and report suspicious
activity," said Kreg Hunter, Spot's
Vice President of Operations. "CargoNet's layered approach to
security aligns perfectly with our commitment to providing
best-in-class logistics services."
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.
"We are pleased to welcome Spot to the CargoNet program," said
Ryan Shepherd, director and general
manager of supply chain and equipment solutions at Verisk. "A
company such as Spot, which already has a robust and committed
security program in place, understands that CargoNet membership
provides an added layer of protection to their existing prevention
and recovery strategies."
Spot was founded in 2009 by Andrew
Elsener and Andy Schenck, and
recently celebrated its 15th anniversary by unveiling its
redesigned innovative website and ground-breaking technology
platform, MySpot. You can learn more
at www.spotinc.com, or hear from industry experts on
the Company's podcast, More Than A Broker, available on
Spotify, Apple Podcasts, and other major platforms.
About Spot
As a leading third-party logistics provider in North America, Spot is built on relationships,
combining 24/7 support with a proven, passionate, and dedicated
team of logistics professionals. Spot provides custom, tailored
logistics solutions for shipping challenges through relentless
effort, industry knowledge, and advanced technologies. Established
in 2009 with the vision that there is a better way to move freight,
Spot has more than 500 employees across its U.S. locations in
Indianapolis, Indiana;
Charlotte, North Carolina;
Tampa, Florida; Tempe, Arizona; and Chicago, Illinois. For more information, visit
Spot's website at spotinc.com and follow Spot on social media:
Facebook (Spot), Twitter (SpotFreight), LinkedIn (Spot Freight),
Instagram (spotfreight), and TikTok (spotfreight).
MEDIA CONTACT:
Brandon
Evans
Communications Manager
317-550-7100
Bevans@spotinc.com
About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and
technology partner to the global insurance industry. It empowers
clients to strengthen operating efficiency, improve underwriting
and claims outcomes, combat fraud and make informed
decisions about global risks, including climate change, extreme
events, ESG and political issues. Through advanced data analytics,
software, scientific research and deep industry knowledge, Verisk
helps build global resilience for individuals, communities and
businesses. With teams across more than 20 countries, Verisk
consistently earns certification by Great Place to Work and fosters
an inclusive culture where all team members feel they belong. For
more, visit Verisk.com and the Verisk Newsroom.
Contacts:
Mary Keller
Verisk
339-832-7048
mary.keller@verisk.com
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SOURCE Spot Freight