The National Insurance Crime Bureau estimated that $1 billion in construction equipment was stolen in the United States last year. The economic impact is much larger though. When equipment is stolen, revenue and productivity decline immediately. For most companies who have equipment stolen, the impact is multiplied. Not only do they lose the asset, but they are also unable to complete work with the missing equipment, and revenue suffers. Recovery rates for rental equipment are extremely low.
Typically only 10-15% of rental equipment is recovered by law enforcement (stolen vehicle recovery rates are closer to 60%). Most equipment is stripped down to parts, resold, or shipped overseas. There is very little regulation of the used equipment market and reselling a used backhoe, skid steer, or bulldozer can be extremely lucrative for the thieves. Many times, equipment on a job site cannot be secured as well as you would wish. Equipment is frequently left in isolated, remote, or dark areas. In these cases, a GPS tracker is more important than ever. It’s the only reliable method for locating your extremely valuable assets.
Consider the Asset-432 (wireless) for long-term asset tracking and equipment tracking. Opt for the Mobile-200 for vehicle tracking. And finally, the Protect Plus is ideal for everything in between because it offers customized reporting frequency. These trackers are great for locating your equipment. Both provide a long battery life which makes them low maintenance and will make a difference when the equipment is recovered.
Alerting your team to important events is an important part of preventing theft. Alerts can be sent to any number of team members if the tracker is removed from a designated area. Alerts can be sent via text (SMS), email or app notifications when a tracker leaves or arrives in a designated area (a geofence).
We sell high quality tracking hardware that is affordable and easy to use. The software included is straightforward, and takes the guesswork out of vehicle tracking. We test our hardware in all kinds of environments so that when you buy from us, you can be sure you’re getting a quality product. Our support team is ready to answer any questions you have. With Logistimatics you can easily track from the web or with your iOS or Android device.
You can take a look at our tracking program here: https://logistimatics.com/gps-trackers/equipment-tracking/
You can contact us with any questions and we’ll be glad to advise.