The Costs of Doing Business in the US

By on 11-02-2014 in Car Accidents

Commercial trucking is the lifeblood of commerce in the US. Without those semis and cargo trucks plying their routes on the nation’s highways, pretty much everything would come to a grinding halt. Consumer goods will not be delivered, warehouses will retail establishments and supermarkets will close their doors, packages will not arrive at their destinations, and no one will do any business. That’s a fact.

But it is also true that trucking accidents have become more numerous of late. As more small trucking businesses take advantage of the global market, more trucks are being pulled out of circulation for failing to pass safety regulations in 2012 (more than 2 million trucks) and in that same year, statistics show that 10 deaths and 284 injuries resulted from truck accidents every day. That’s an 18% jump from 2009, which means 18% more people in the US have to suffer through adverse life changes.

While safety violations may partly explain this increase in accidents, other factors also impinge. Despite the boom in the industry, many small truck companies have difficulty in complying with federal regulations including hours of service (HOS) because the more miles they travel the more money they make. With competent truck drivers at a shortage, many drivers violate HOS regulations to keep tight schedules. This is enumerated as a major cause of trucking accidents. It also takes money to keep the trucks running, and as TBS Factoring Service website points out, cash flow is usually a problem because they have to wait as long as 90 days to get paid for hauling jobs.

If you have been involved in a truck accident and suffered serious injury or loss, you have a right to be compensated for it. Consult with a competent personal injury lawyer in your area and get it done right.

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