More than $12.8 million in stolen construction equipment assets were tracked and recovered by LoJack Corp. in 2004, a 42 percent jump from 2003. This is according to LoJack's recently released annual Construction Equipment Theft Report. The study showed a significant rise in the number of professional theft rings and chop shops discovered by law enforcement through tracking stolen construction equipment protected with a LoJack system.
“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.