LoJack Corp. has released it’s 12th annual construction equipment theft study, very few surprises ,there was about three hundred million dollars worth of equipment stolen in 2011 and only 8.8 million of it was recovered, a total of 40 people were arrested connection with the thefts, and 40 chop shops and theft rings were raided. The top four pieces of equipment stolen account for 87 percent of all the equipment stolen, the top four pieces are light utility trucks, back-hoe, loaders, skid steers and generators and the number one company of stolen equipment is Ford, that’s because the Ford pick-up truck is the most popular truck at the work-site. The States with the most pieces stolen remain unchanged, they are CA,TX and FL they have international borders and ports and a lot of equipment ,the dollar amounts are down from their all-time highs ,but that is a reflection of how much equipment was on the job-site.
Washington D.C. Conference Committee reaches tentative deal on highway bill,the two year bill overhauls the federal bill ,but no progress on Keystone XL yet,and none expected anytime soon.This deal is supposed to reduce the average time it takes to complete a highway from 15 years to 8 years,
Caterpillar global sales increased by 11 percent over same time period a year ago,for the third quarter in a row they have outperformed the pundits predictions,but the Joliet,IL strike talks have stalled after 8 weeks of negotiations. Also,the board announced that they were exploring all options and doing a study on up-dating their world headquarters in Peoria IL,nobody back their thinks that they are thinking about
moving but that is short-sighted on their part,I was living in the north west seven years ago when Boeing announced one day that they were moving their world headquarters,and what was highly unusual was they did not even know where they were moving to,all they knew was that they were going to take the highest paid 400 employees and go somewhere else,they said they were contemplating moving to Dallas
or Denver or Chicago anywhere but here,that,s how upset they were with Seattle, Tacoma WA.And sure enough one year later they packed up and moved to Chicago,that was after being in WA for 75 years,
so,don,t think it cannot happen to you,if the politicians in IL are not responsive to Caterpillars needs they will move somewhere else.