While collisions remain the number one risk in the transportation industry in terms of insurance claims, it’s actually been on the decline for several years now in the face of vastly improved vehicle safety technology, driver training, stricter regulatory codes, and other factors, according to research conducted by the Travelers insurance company.

By contrast, the risk posed by cargo theft growing significantly, especially as many transportation providers are attempting to diversify into new markets and haul cargoes unfamiliar to their operational profiles as they attempt gain new sources of revenue and profits.

“Cargo theft exposure has increased and will continue to do so,” Sam Rizzitelli, national transportation director for Travelers’ Inland Marine division, told Fleet Owner.