LoJack Reports Say Theft Is Rising

Staff | September 28, 2010

This equipment types represent more than 70 percent of all construction equipment recoveries documented by LoJack in 2006.
Popular Equipment = Popular Theft Targets
  1. Backhoe-loaders, skip loaders, wheel loaders
  2. Skid-steers
  3. Generators, air compressors, welders
  4. Forklifts and scissor lifts
  5. Light towers
  6. Light utility/work trucks
  7. Trailers
  • Source: LoJack

  • LoJack's sixth annual Construction Equipment Theft Study, an analysis of LoJack stolen-vehicle recovery reports for calendar 2006, indicated that more than $18.6 million in stolen construction-equipment assets were recovered. It is an increase of more than 18 percent compared to 2005.

    Activity of professional theft rings rose again in 2006, with law enforcement discovering 14 theft rings and chop shops (compared to 11 in 2005) by tracking and recovering stolen equipment equipped with the LoJack System.

    "Professional thieves see construction theft as a low-risk, high-reward theft opportunity," said Richard T. Riley, LoJack's chairman and CEO. "...Since construction equipment carries a hefty price tag, the rewards for thieves are high. That's precisely why equipment owners need to have a solid action plan to protect their equipment and their businesses from theft. That plan should involve keeping good records of all equipment, employing as much physical security on the jobsite as possible and using products that not only deter thieves, but also track and recover equipment if it is stolen."

    Since LoJack entered the construction market in 2000, the company has recovered nearly $70 million in stolen construction equipment.