Reporter
by the EquipmentWorld staff
R EPORTER
66
I
n 2009, only 18 percent of stolen equipment was recovered, according to the 2009 Equipment Theft Report from the National Equipment Register (NER) and National Insurance Crime Bureau (NICB). States with the highest volume of construction and agriculture experienced the highest numbers of equipment theft. The top five states for equipment theft – Texas, Florida, North Carolina, Georgia and South Carolina – account for 43 percent of all thefts. New equipment is stolen more often than used. Although heavier equipment is more valuable, easy-to-transport machines are more commonly taken. Loaders, for example, account for 18 percent of stolen equipment. Ryan Shepherd, operations manager at NER, offers these tips to thwart thieves: • Move machines to fenced properties over the weekend • Disable or lock machines that can be moved easily • Keep accurate records of all equipment • Check used equipment databases to avoid purchasing stolen equipment. “These tips will help reduce thieves’ risk-versus-reward gap and make stealing equipment a much riskier proposition,” Shepherd says.
Percent Voters in a Association of Equipment Manufacturers poll who believe now is the time to build and repair roads and bridges. Percent The amount in the $800 billion economic stimulus package dedicated to highways, roads and bridges.
18
Percent of all equipment stolen were skid steers, wheel loaders and backhoes.
3
today, year, do expect your will have an easier Compared to clientsin one bonding?you or a more difficult time obtaining
33% No change 67% More difficult
– Allison Cook
Source: Survey of surety firms providing services to construction markets, FMI, 2010.
80
Billion The amount the Federal Transit Administration estimates is needed to shore up the nation’s rail and bus line infrastructure.
TRACKING THE TRENDS
Equipment Data Associates’ Construction Index
EDA forecasts financed construction equipment purchases in June 2010 to be up 2.2 percent from June 2009 – a sharp contrast from last year’s figures, when June 2009 was down 57.6 percent from June 2008.
Year Over Year
15000 11250 7500 3750 0
June 2000 - June 2010
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
(Source; EDA, July 2010. EDA is a division of Randall-Reilly)