CargoNet says cargo theft incidents surged more than 57% in 2023 compared to the year prior. Nearly $130 million dollars’ worth of goods was stolen last year. Experts predict that the number is higher because reporting cargo theft is not mandatory. Hot spots for thieves include California, Texas, Florida, and Kentucky. Companies are investing in new technologies and preventative measures, such as tracking devices or monitoring systems. Cargo theft refers to goods being stolen at any point in the transportation journey.
United Airlines says it expects a first quarter loss between 35 and 85 cents a share after the grounding of all Boeing’s 737 Max 9 airplanes. United has 79 of the aircraft in its fleet, more than any other carrier, followed by Alaska. The airline says it expects all planes of this model will remain grounded until at least January 26th. And still, United Airlines shares were up more than 6% in after-hours trading.
And on Wall Street - Futures are mixed ahead of the opening bell. Monday, the Dow Industrials were up 138 - finished above 38,000, the Nasdaq was up 49 and the S&P 500 climbed 10.
