The trucking industry invests at least $9.5 billion in safety annually, according to a landmark report released by American Trucking Associations (ATA).
“We know this industry prioritizes and invests in improving safety on our nation’s highways,” said ATA Executive Vice President of National Advocacy Dave Osiecki. “With the results of this survey, we now can put a dollar figure on that investment and that figure is significant.”
The $9.5 billion annual figure breaks down over four broad categories:
- On-board Technology: Collision avoidance and mitigation systems, blind spot warning systems, stability control, video event recorders, electronic logging devices and other safety technologies.
- Driver Training: Safety training, staff wages and consultants, safety retraining and coaching and hazardous materials training.
- Safety Pay: Awards and bonuses based on improved safety performance.
- Regulatory Compliance: Motor vehicle and driver record checks, drug and alcohol testing, voluntary safety audits, safety staff wages and benefits as well as safety consultants.
Additionally, the $9.5 billion figure does not include general and routine maintenance costs such as purchasing new brakes, tires or trucks, which would increase the total significantly.