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May Newsline: Water rate increase for Sacramento, federal money in play for water/sewer upgrades
- Backhoe loaders/skip loaders/wheel loaders/track loaders
- Light utility/work trucks and trailers
- Generators/air compressors/welders
- Forklifts/scissor lifts
These equipment types represented more than 75 percent of all construction equipment recoveries documented by LoJack in 2008. A full 66 percent of the equipment stolen and recovered was five years old or less and 72 percent was recovered in 24 hours or less after being reported to the police.
Based on LoJack’s recovery data, the following are the top states with the highest occurrence of equipment theft in 2008:
- New Jersey
- New York
The report also indicated that construction theft is a local issue. In 97 percent of the cases, the stolen equipment was recovered in the same state in which the theft was reported. It was either in a storage facility or in use at another local job site. Unlike auto theft, which has a higher incidence in major cities around the country, construction theft is not confined to city streets and urban areas. Rather, it often occurs in suburban areas where construction activity has been high.
LoJack makes these suggestions on how to protect equipment and businesses from the costly problem of theft: keep good records; label all equipment; keep accurate inventory records; register equipment with National Equipment Register (NER); focus on physical site security; use theft deterrents and proven recovery systems; use immobilization devices such as wheel locks, fuel shut-offs or ignition locks; consider installing battery-disconnect switches; and use a proven tracking/recovery system that offers time-tested tracking technology.
$50B infrastructure projects announced
The 7th Annual Latin American Leadership Forum announced the top 50 infrastructure projects in Latin America, which were presented by project developers from throughout the Americas on April 27-29, in Houston, TX. Total project value exceeds $50 billion, across 10 infrastructure sectors, with total job creation of two million jobs per year. VIPs from around the region participated, including the governor of São Paulo, Brazil, and the CEO of the Panama Canal Authority.