From Construction Executive Magazine
By Jenny Malcolm
Vehicle and equipment theft is a major challenge facing the construction industry. Without a source of asset protection or method to recover stolen property, construction companies can take a significant hit to their bottom line when they have to replace expensive vehicles and equipment sooner than necessary.
According to the National Insurance Crime Bureau, nationwide construction equipment theft nears $1 billion annually. To prevent losses, construction fleets are employing GPS systems to track current vehicle and equipment locations, which greatly increases the likelihood of recovering stolen property.