You might not expect a piece of heavy equipment, like a backhoe or a loader, to be something that vanishes without a trace.
But heavy equipment does get stolen according to an article in The Gazette, and rarely found afterwards.
What does one do with a stolen piece of equipment? You can’t take a Caterpillar bulldozer to a local pawnshop, or hide a John Deere tractor in your garage.
Most stolen equipment winds up in the hands of shady organizations, selling the equipment to overseas buyers.
Despite the size and weight of heavy equipment, it is harder to recover than stolen cars. While 80% of stolen autos are recovered, only 10% of stolen equipment is ever found. The consequences on the livelihoods of equipment theft victims can be devastating. The expense of one stolen piece of heavy equipment can ruin a small company.
What can you do to protect your equipment? Some companies now use GPS tracking devices and video surveillance to keep tabs on their investment.
Has equipment theft been a problem for your company? Do you have advice on protecting heavy equipment? Leave a comment below and share your story.