- A career trucker brings his tales of the road to people in hospice
- How driver Paul Sedlak finds motivation to reach his fitness goals
- I Love Trucking: More than a job, driving is a way of life
- Big Rig Books: Driver delivers books to underprivileged kids
- Driver Chris Jackson captures moments of beauty on the road
- Trucking Couple: Why June & David got hitched
- Owner-operator Fritz Elmhorst puts his competitiveness to good use
- Driver David Boyer: Sharing the road responsibly
- World’s Toughest Trucker contestant: “I’m the modern cowboy”
- Easy Being Green: Sustainability by CNG-fueled truck
Costs Per Crash
Ever stop to wonder about the actual cost of truck accidents?
The Federal Motor Carrier Safety Administration released an extensive study of the actual costs of crashes involving many types of trucks – including medium and heavy duty vehicles. The numbers are staggering.
• The lowest average cost-per-crash is for property-damage-only crashes: $15,114 per crash.
• Crashes in which straight trucks were involved averaged $56,296 per crash.
• Crashes involving non-fatal injuries averaged $195,258 per crash.
• Crashes involving a death exceeded $3,604,500 per crash.
These figures don’t take into account such additional cost factors as damaged goods, vehicle downtime and replacement of vehicles and administrative costs.
Consider this: If your company operates on a 5 percent profit margin, it would have to generate an additional $1 million in revenue to cover the cost of a single $50,000 accident.
It’s bad enough when the cause of a crash is due to the driver. It’s worse when shoddy maintenance and repair is the culprit.