Truck drivers have a significant amount of responsibility when they are on the road. In addition to transporting goods from one place to another, businesses and families rely on them to deliver their products and supplies on time. However, one of the most crucial responsibilities that are placed on truck drivers’ shoulders is to adhere to safety regulations consistently. No one understands that more than Buchanan Hauling & Rigging, Inc. owner Geary Buchanan, who spent many years of his life as a truck driver himself.
Safety is a major concern in the trucking industry. The American Trucking Association (ATA) invests billions each year in trucking safety. A significant portion is dedicated to driver safety training. The emphasis on safety in the trucking industry is well-known. But why is it given such high priority?
As a business leader, Buchanan makes it their top priority to protect their drivers and make wise use of company resources. Investing in safety measures that will influence how our company performs, both now, and into the future. All While protecting the lives of the men and women who drive for us. Here are ten reasons why Buchanan prioritizes safety, and how it will yield long-term payoffs:
1. VALUE OF HUMAN LIFE
Easily the most important reason to prioritize safety is the value of human life. No amount of money or business opportunity can replace a person’s life. More and more truck drivers are being held accountable, and made responsible, for the safety of themselves and other motorists on the road. By minimizing accidents and injuries, safety measures protect lives and ensure all drivers return home to their families.
2. ATTRACTING DRIVERS FOR EMPLOYMENT
A company that prioritizes safety can attract drivers. The industry is littered with companies that encourage drivers to run heavy or use worn-out equipment. So when a driver can find a company that puts their safety first, it means something.
Today’s drivers are becoming more discerning about where they choose to work. A growing number of drivers are now unwilling to work for a company that does not prioritize safety. Drivers are aware that any violations become part of their professional record through the FMCSA’s Pre-Employment Screening Program. While some violations are the responsibility of the driver, many are dependent on the organization where they are employed.
3. REDUCED WORK ABSENCES
Lost workdays can occur due to injuries and illnesses, leading to significant costs for the transportation industry. Implementing safety measures and health programs can help prevent these losses, saving both time and money. This becomes a benefit to both the driver and the company.
4. DECREASED TURNOVER
Industry estimates suggest employers spend between 50% and 200% of a worker’s annual salary to hire a replacement. Other estimates suggest that 40% to 60% of employee turnover causes are preventable through effective retention strategies that include employee well-being. Employers can demonstrate their commitment to employees by visibly supporting safety initiatives and addressing employee concerns. A strong safety record, like that of Buchanan Hauling & Rigging, not only helps attract drivers to a company but also keeps them engaged. As of January 2022, the ATA reported turnover rates of around 94% for large carriers (over $30 million annually) and over 100% at times for smaller carriers.
5. IMPROVED CUSTOMER SERVICE
We work in an industry where time is of the essence. Disruptions in business operations caused by internal or external accidents, injuries, or violations can lead to unplanned costs such as delays in delivery or damaged goods. Investing time and resources in screening drivers can help a company avoid unnecessary delays or problems down the road.
6. IMMEDIATE ROI
According to the Federal Motor Carrier Safety Administration (FMCSA), and other industry reports, the average cost of large truck crashes can amount to tens or hundreds of thousands of dollars per incident. When the incident involves significant property damage, severe injuries, fatalities, or environmental damage, they can range from $100,000 to over $1,000,000. When you consider the instant return on your investment when you are safety-minded, it can mean the difference between company success and failure.
7. GROWTH POTENTIAL FOR FINANCIAL SECURITY
Investing in safety contributes to the long-term success of a company, maximizing profits and minimizing losses. This investment drives growth and competitiveness, which ultimately results in higher personal earnings and more retirement investment opportunities.
8. INCREASED PRODUCTIVITY
Losing a valuable employee can have unforeseen costs for a company. Indirect expenses related to injuries can escalate, resulting in lost knowledge, time spent on recruitment and hiring, and training costs to bring a new employee up to speed and productive.
9. INCREASED OPPORTUNITIES
Trucking companies highly prize seasoned drivers with a proven safe driving history. At Buchanan Hauling & Rigging, we prioritize drivers who share our commitment to safety and adhere to safety protocols. We reward them with quarterly safety bonuses and recognition. Embracing safety not only preserves lives but also paves the way for career advancement, offering valuable opportunities in the driving profession.
10. INFLUENCE OF PUBLIC
The perception of the public also plays a significant role in shaping trucking industry regulations. When high-profile crashes occur, resulting in severe injuries or fatalities, lawmakers rush to enact new legislation to prevent such incidents from happening again. You see this over and over again in the airline industry as well. Federal agencies closely monitor public sentiment and adjust their actions accordingly. Emphasizing safety benefits the general public and also helps improve the industry’s reputation as a whole.
At Buchanan Hauling & Rigging, Inc., our primary objective is to ensure the safety of everyone involved, allowing us to return home safely to our families. We are committed to incorporating safety into every aspect of our daily routine. For individual drivers and carriers alike, prioritizing safety should be a non-negotiable aspect of doing business.
