Introduced in both chambers of Congress, CORCA proposes the establishment of a coordinated federal response under the Department of Homeland Security (DHS), empowering law enforcement to address rising incidents of illicit trading and cargo theft. The bill responds to alarming findings such as a 2024 survey by the Retail Industry Leaders Association (RILA), which revealed that two-thirds of retailers had experienced an increase in cargo theft over the past two years.

“This is vital legislation with significant ramifications for our industry,” said Johnny McCord, Founder and CEO of Loadsure. “We firmly believe this bipartisan act will fortify the freight industry against critical threats to its integrity. The enhanced federal enforcement powers it provides will serve as a powerful deterrent, resulting in greater protection for businesses, the supply chain, and ultimately, the American consumer.”

A wide coalition of stakeholders has voiced support for CORCA, including major retailers such as Walmart, Target, and The Home Depot, as well as transportation leaders like UPS, the American Trucking Association (ATA), the Transportation Intermediaries Association (TIA), and others.

For Loadsure, which offers real-time, AI-powered cargo insurance solutions for shippers, brokers, and carriers, the bill aligns with its mission to reduce claim severity and create more sustainable, affordable insurance offerings.

“We strongly urge our peers in the broader freight and insurance industry to stand united and support this critical legislation,” added McCord. “These pervasive theft issues have plagued our industry for far too long, and CORCA offers a path forward.”

With rising digital and physical threats to supply chain operations, Loadsure’s endorsement of CORCA highlights the growing consensus that federal action is urgently needed to safeguard the nation’s logistics infrastructure and commerce ecosystem.