| A local equipment rental company that
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| | Our local rental business contracted with
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| specializes in building and construction
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| | a nationally known GPS tracking service
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| rental decided to use GPS auto tracker
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| | provider. They also opted to have the
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| technology to help manage their business.
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| | service company provide and install the
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| It seemed that due to the down turn in
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| | tracking devices in the rental equipment.
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| the home construction industry they were
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| | You can often purchase your own tracking
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| seeing an increase in equipment losses
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| | devices but you then will be responsible
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| and fraud. Small backhoes and excavating
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| | for the maintenance and replacement of
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| equipment were especially subject to
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| | any faulty tracking units. Generally when
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| being rented and not returned. In one
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| | you contract for the tracking service
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| case 6 rentals were made to an individual
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| | company's equipment they will do the
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| that used someone else's identity to
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| | maintenance and repair of broken tracking
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| secure the transaction. The loss of
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| | devices as part of the contract.
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| equipment equaled almost $200,000.00. The
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| | A business can as our local equipment
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| rental companies insurance covered some
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| | rental company has done contract for what
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| of the loss but a large part had to be
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| | is called geo fencing. Basically this
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| absorbed by the business. In addition
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| | feature is used to assure that equipment
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| many pieces of equipment were being used
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| | and vehicles remain in the area they are
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| inappropriately or abused. This abuse led
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| | assigned to. Recently the rental company
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| to the early depreciation and value of
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| | was notified that piece of equipment was
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| the equipment by reducing its expected
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| | beyond the area that the company allows
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| operational life.
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| | its equipment to be used. The rental
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| Real Time GPS auto tracking technology
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| | agreement clearly stated that the
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| can be a great way to keep track of
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| | trenching machine was only to be used
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| vehicles, equipment and labor resources.
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| | with in a 4 county area. The GPS tracking
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| New technology now allows small GPS
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| | Service Company notified the rental
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| tracking devices to be placed or hidden
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| | company that their equipment was out of
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| on just about any valuable resource.
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| | bounds. The rental company tried to
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| These devices provide not only the
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| | contact the renter but after repeated
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| location of the device but also its route
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| | calls and no response they notified local
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| of travel, time that the unit is at rest,
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| | law enforcement agencies. The renter was
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| its speed, and in many some cases provide
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| | stopped on the interstate more than 160
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| valuable information on critical
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| | miles away. After a short investigation
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| mechanical functions such as engine
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| | it was determined that the renter had
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| temperature, hours of operation and even
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| | used false identification to rent the
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| fluid levels.
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| | trencher and he also was wanted on a
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| GPS tracking devices are designed to use
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| | felony warrant. The rental company
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| the GPS portion of the unit to record and
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| | recovered their equipment undamaged due
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| store geo physical data and in some case
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| | to the GPS auto tracking technology.
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| vehicle mechanical information. This
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| | In many cases insurance companies will
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| information then is uploaded to a GPS
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| | give businesses that use GPS tracking
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| service provider via existing cell phone
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| | technology a discount on vehicle and
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| or satellite phone technology. These
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| | equipment insurance. As you can clearly
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| uploads are timed according to the needs
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| | see the use of this technology may save
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| of the business. Data uploading can be
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| | you money and help you manage your
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| programmed by the service provider to
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| | valuable business resources. It does pay
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| range from 1 minute to once a week. In
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| | to carefully research each GPS service
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| general the more frequently the data is
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| | company to assure that they meet your
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| uploaded the more the tracking service
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| | individual company needs. This technology
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| company will charge the customer. A
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| | will not only save money but give you
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| business such as an equipment rental
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| | piece of mind knowing where your valuable
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| business may only need to upload its data
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| | equipment is at all times.
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| once a day thereby saving money.
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