It’s been said that the greatest need of every human being is the need for appreciation. While it’s important to avoid overgeneralizations, the adage bears some weight; oftentimes, you’ll find that if you don’t show gratitude to those that deserve it, they’ll begin to stop doing the things you’re thankful for in the first place.
There’s a constant demand in the trucking industry to recruit; an emphasis placed on how to do it faster, better, easier. And in the process, thousands and thousands of dollars are being spent…and wasted.
For many carriers, going paperless and switching to a digital solution is daunting; it's hard for many of those in management positions to imagine shifting the way business has traditionally been done.
Compliance How much do you spend on non-compliance?
HOW MUCH ARE YOU WILLING TO RISK?
The true cost of an accident can be staggering. Besides direct costs, indirect costs like poor publicity, lost clients and lost productivity can take a toll. The average cost for a truck accident is $148,279, not including litigation. It would
take an additional revenue of $7,413,950 to pay the accident costs, assuming an average profit margin of 2%. A study of over one million lines of data on truck violations discovered that over 28,000 trucking companies, representing over 200,000
trucks, operated with safety violations. The Federal Motor Carrier Safety Association’s (FMSCA) settlement for non-compliance was $36,262,097 in 2014 with an average fine of over $7,000 per case.