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According to a recent article from Construction Equipment Magazine, the National Insurance Crime Bureau stated that equipment theft for the construction industry nears $1 billion lost annually, nationwide. Equipment and asset theft can make an extreme impact to a construction business’s bottom line, as equipment replacement can be incredibly expensive. So before it’s too late and your vehicles and equipment are being stripped for parts, it may be a good time to look into GPS tracking. Know where your fleet is at all times and have the insight needed to recover stolen property quickly.

For the construction industry, 41% of theft occurs for light duty vehicles, work trucks, and trailers. Other assets that are frequently targeted include:

  • Backhoe Loaders/Wheel Loaders
  • Air Compressors
  • Generators
  • Welders
  • Light Towers

To prevent taking a loss on any type of vehicle or asset, equip your fleet with GPS tracking devices. Once they are installed, make sure you set up the correct alerts so you are ready to respond if you do experience a theft.

GPS Tracking Alerts

Set GPS tracking alerts to monitor exceptions during both working and non-working hours. To keep an eye on your fleet even after the work day ends, set odd hours alerts to let management and drivers know if vehicles or assets are moving when they shouldn’t be.

For assets and trucks that should always stay on location, you can set a landmark alert to be notified if any equipment leaves the landmark/geo-fence set for your construction site.

Real-Time Mapping

So what do you do if one of your work trucks or other assets is being stolen? This is where powerful real-time mapping comes into play. Access the current location of your vehicle on a map and provide the exact location of your stolen property to authorities. This insight will increase the chances of recovering property much sooner.

Although construction fleets are prone to experience theft, having GPS tracking technology will increase the chances of recovering stolen property and help prevent your business from taking a loss.

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