Posted On:
March 11, 2008
The Cost of Vehicle Crashes Estimated to be $164 Billion per Year
Channel 4 News in Jacksonville, Florida reported that a study showed that vehicle traffic crashes across the United States cost Americans about $164 billion each year. Included in this figure is the cost of property damage, lost time and earnings from work, emergency and medical services for the injured, legal costs and the cost of delays. There was no measure as to how much or what percentage tractor-trailer and other big truck crashes contribute to this figure.
However, this figure would suggest that investments in effective driver safety programs are probably worth exploring, particularly for companies like trucking companies whose employees spend a lot of time on the roads.
