Fatal accidents involving large trucks and buses have been climbing. The National Highway Traffic Safety Administration's most recent Fatal Motor Vehicle Crashes report showed a total of 4,889 fatalities in 2017. This amount increased 9% from 2016, which was up 5.4% from 2015. That number was up 4.8% from 2014. Compared to national trends, Titan Freight Systems, a less-than-truckload carrier based in Portland, Ore., has had zero fatal accidents in its 51 years of business. But from 2014 onward, the company's property damage incidents had started to become a different story. The number of incidents tripled from 2014 to 2017, and claims costs doubled. In 2018, Titan Freight had 18% fewer incidents, but its claims costs rose 22% year over year.
展开▼