Construction equipment theft can wreak havoc on even the healthiest of businesses. While some people think that it can’t happen to them, it’s a relatively common occurrence causing $300 million to $1 billion in losses every year. Not only does construction equipment theft literally rob you of valuable assets, but it also causes costly downtime, further driving you and your company into the hole.

In the eyes of thieves, construction equipment is a low-risk and high-reward target. Equipment may be lying around a construction site unlocked or accessible via universal keys. Also, the high price of this equipment makes it easy for them to make a lot of money.

In the face of this problem, what can you as an owner or manager of a construction business do?

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Owning or managing a rental car company is a practice in trust. Every time you hand the keys over to a customer, you’re trusting they won’t abuse, steal, or crash the vehicle. While insurance can help you when things do go wrong, costs still remain high and these issues can cause serious headaches.

That’s why GPS tracking is a must-have for all rental car companies—these devices address the biggest problems facing rental car companies. Installing GPS Tracking devices can significantly lower costs at rental car companies by helping with vehicle recovery, reducing impound lot storage fees, reducing insurance costs, tracking rental car abuse, and giving you accurate reports related to the maintenance of your vehicles.

Vehicle Recovery

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Asset trackers are a great way to monitor the location and receive other important data regarding your assets. They can reduce theft, ensure assets are never lost, provide customers with accurate ETAs to increase customer satisfaction, monitor how equipment is being used, and even be used to monitor employee location and behavior. The benefits of asset trackers are huge, but they do have one major downside.

The biggest downside to battery-powered asset trackers is the need for the battery to be continuously charged to ensure it is working 24/7 and 365 days a year. If this battery runs out, the asset tracker is completely useless until the battery is recharged or replaced.

Solar-powered asset trackers don’t need to be manually recharged or replaced. Every time they get exposed to sunlight, their battery will recharge. Below, we’ll go over some of the features and benefits of solar-powered asset trackers.

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