LoJack releases most recent data on U.S. construction-equipment theft activity
“Construction equipment remains a key target for practiced thieves as it remains difficult to secure and high in value,” Courtney DeMilio, national vice president of commercial and fleet, said. “Replacing stolen construction equipment comes at a significant cost that goes beyond the simple dollar value of the equipment. Oftentimes, theft has a much greater negative impact on a business – loss in job productivity, the inability to complete a job, a diminished professional reputation – all while the owner is spending a substantial amount of time and money to replace the equipment. As criminals continue to target high-value construction equipment, protecting these tools is something that, unfortunately, must remain a high priority for all construction-equipment owners.”
In the U.S., many rental companies and equipment owners may be unaware of the high risk of theft that is associated with owning and operating construction equipment.
Additionally, the report revealed the cost of theft in 2014 was more than $7.7 million worth of construction-equipment assets stolen and recovered.
For more details on the study, which includes theft activity by state and which items are stolen most often, go to www.autotheftblog.com/2015/10/06/press-release-lojack-corporation-releases-annual-constructio...