Study Shows Increase In Construction Thefts
“Professional thieves view construction theft as a highly lucrative business opportunity and we see this problem increasing year after year,” said Richard T. Riley, president and COO of LoJack.
The types of equipment frequently stolen are (in order): loaders, skid steers, generators, air compressors, dump trucks, welders and untethered trailers, light utility/work trucks and forklifts. These equipment types represented 81 percent of all construction equipment recoveries documented by LoJack last year. More than 72 percent of the equipment stolen and recovered was five years old or less.