The thieves likely thought the theft of two trucks bearing the Nvidia [NASDAQ: NVDA] logo would be a walk on the beach, but they probably didn’t know just how accurate that description would be.
An unknown group in Fremont, California recently stole a duo of trailers from PlusAI, a self-driving trucking company, seemingly thinking the trucks would be loaded with high-tech (and high dollar) tech gear. But when the thieves broke open the locks, they found themselves face to face with 20 tons of sand.
“The very apparent branding probably made them think there was very valuable equipment back there,” Lauren Kwan, PlusAI’s vice president of marketing, told The San Francisco Standard.
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Why sand?
Sure, it’s fun to picture the looks on the thieves’ faces when they saw the 40,000-pound sandbox upon opening up the trailer doors, but why the heck would that be in a tech company’s trailer in the first place?
It turns out PlusAI uses sand to simulate real freight when conducting research and development on its autonomous vehicles.
The thieves seemingly had their own big rig tractors, which they used to move the trailers out of the Fremont facility. (Cabs normally used to pull the sand-filled trailers were reportedly parked in a different area and left untouched.)
Security footage showed the trailers being stolen, but it was a complete fluke that led to PlusAI finding them in the wild. The company’s vice president of legal reportedly received a text from a friend, along with a note of support, that showed the trailers parked about four miles away in Newark.
PlusAI sent a team out to confirm the trucks were still there, then called the police. No arrests have been made in this case so far.
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Valuable cargo — usually
The thieves who stole the PlusAI trucks were likely lured by the branding for both the company and Nvidia on the trailers.
Tech theft has been on the rise this year as the price of computer memory and other components has soared. Overall cargo theft losses in the second quarter of this year hit $304 million, more than double the total from the previous year, according to Verisk CargoNet. That’s despite the number of theft incidents falling by 14% from the prior quarter (and 26% from the year before).
However, the $304 million in cargo theft losses is an estimated number, and some groups say the actual losses could be 10 to 15 times higher.
“The groups driving the largest losses are not necessarily trying to steal more freight; they are trying to identify the right shipment,” said Keith Lewis, vice president of operations at Verisk CargoNet. “Their focus on metals and enterprise technology shows how closely organized cargo theft now follows value, demand and resale opportunity.”
California has become the most targeted state for trailer theft, according to Verisk CargoNet, as thieves “continued targeting enterprise-grade computer and networking equipment, components and cryptocurrency mining hardware.”
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Chris Morris is a veteran journalist with more than 35 years of experience at many of the internet's biggest news outlets. In addition to his activities as a writer, reporter and editor, Chris is also a frequent panel moderator and speaker at major conferences, including CES and South by Southwest.
