Equipment Theft Is a Major Problem
Boomerang Tracking Inc., Canada’s leader in stolen vehicle recovery, is launching the second annual Vehicle Theft Awareness Month in July to bring the reality and consequences of construction equipment theft to the public’s attention.
Equipment theft continues to be a major issue, and can have an even bigger impact in a tough economy. A new Rogers Research Group survey commissioned by Boomerang Tracking/LoJack shows some disturbing trends in connection with the launch the second annual Theft Awareness Month in July.
The Construction Theft Survey was commissioned to explore four areas:
“Every year millions of dollars in profits are lost due to opportunistic equipment thieves. The construction industry deserves to know the best ways to protect themselves from becoming a victim of theft. Boomerang Tracking/LoJack has over 12 years of experience in the field, and is committed to raising awareness of the problem and to continuing to be a major part of the comprehensive solution against construction equipment theft,” commented Scott Nilson, Boomerang Tracking’s general manager.
Construction equipment theft happens often
And not only does construction equipment disappear on a very frequent basis, but it disappears for good. Respondents noted that 63% of stolen equipment was never seen again. That kind of statistic highlights the real business impact of construction equipment theft, and that no one can be complacent in facing this expensive problem.
Construction Equipment theft costs money
As far as real life impact, the Construction Theft Survey found the Top 5 Consequences of equipment theft as:
A third of respondents said the recovery of the equipment – if it was ever recovered – took one week or longer. In addition, 98% of respondents reported that equipment that was recovered was damaged, and 43% of that damage required $5000 or more to repair.
Preventing the theft, and making sure thefts are responded to quickly and recovered fast are all needed to lessen the economic impact of theft.
Construction equipment theft can be prevented!
Two areas that equipment owners can proactively focus on are applying common sense strategies to prevent theft and installing recovery devices to get stolen equipment back fast.
Common sense includes parking equipment close together, identifying equipment with product ID numbers and implementing off-hours security measures. Recovery devices help law enforcement recover the equipment intact and in a timely fashion. Boomerang Tracking/LoJack has a team on the road 24 hours a day to recover stolen assets and offers well-tested and proven products that are covertly installed.
Equipment theft is a real problem, and equipment owners need to take effective, proactive and timely measures to avoid the hassle, cost and downtime associated with it.
That is why as part of Theft Awareness Month to educate the population about heavy equipment theft and highlight the layered approach to vehicle protection, Boomerang Tracking/LoJack has published the Keeping Track – Construction Edition booklet, a guide to protect construction equipment from theft. An electronic version is available on Boomerang’s website.
© InfraStructures - Tous droits réservés - All rights reserved