Marketplace®

Daily business news and economic stories

Copper thefts a common and costly crime

The Missouri Department of Transportation spent almost $1 million last year on repairing street lights caused by thefts of copper wire.

The Missouri Department of Transportation spent almost $1 million last year on repairing street lights caused by thefts of copper wire.
The Missouri Department of Transportation spent almost $1 million last year on repairing street lights caused by thefts of copper wire.
beerphotographer/iStock/Getty Images Plus

Copper is used in all kinds of transportation equipment: electric transformers, railroad signals and street lights. It’s accessible and it’s valuable — that’s why it’s targeted by thieves who see easy money in stealing it. Law enforcement, utilities and insurance companies are especially hard hit. The Missouri Department of Transportation spent almost $1 million last year on repairing street lights caused by thefts of copper wire, said Derek Olson, a MoDOT traffic engineer.

Related Topics

Copper thefts a common and costly crime