LoJack releases annual study results

LoJack has released the company’s 7th annual Construction Equipment Theft Study. According to the report, equipment theft costs construction companies up to $1 billion a year in lost assets. Organized rings continue to be the number one culprit driving the problem of construction equipment theft.

The report also concluded that construction theft is a local issue — 97 percent of stolen construction equipment recovered was within the same state in which the theft was reported.

The types of equipment most frequently stolen are (in order):

1. Skid Steers
2. Backhoe Loaders/Skip Loaders/Wheel Loaders/Track Loaders
3. Generators/Air Compressors/Welders
4. Light Utility/Work Trucks and Trailers
5. Forklifts/Scissor Lifts
6. Dump Trucks
7. Light Towers
8. Mini Excavators

Based on LoJack’s recovery data, the following are the top states with the highest occurrence of equipment theft:

1. California
2. Florida
3. Texas
4. Arizona
5. Georgia and Nevada
6. Maryland and New Jersey
7. North Carolina
8. New York and Pennsylvania
9. Illinois
10. Colorado and Louisiana

Looking for your next job?
Careersingear.com is the go-to platform for the Trucking industry. Don’t just find the job you need; find the job you want with the company that wants you!