Economic Cost of Trucking Accidents
  • Based on data from the FMCSA (Federal Motor Carrier Safety Administration), we calculated the total economic loss from distracted driving accidents involving trucks at over $38 billion per year.

  • Assuming the trucking business is ultimately responsible for about 75% of that liability, the total bill to the industry is nearly $30bn and the true cost is likely many multiples of that when you factor opportunity cost and secondary expenses!

  • With approximately 38 million trucks on the road the cost of distracted driving accidents per truck is approx $736. The Stealth technology can potentially reduce this liability to zero!

  • For only $595 and $30 per month the Stealth pays for itself in a little over a year with savings growing to $376 per year per truck, not including the precious cost of human life.

Data / Assumptions
  • According to the FMCSA there were approximately 499,000 police-reported crashes involving large trucks in 2018

    1. 414,000 involving property

    2. 112,000 involving injury crashes

    3. 4,862 fatal crashes

  • According to the FMCSA, an estimated 32% of fatal truck accidents were caused by driver error, with distracted driving being reported as the second leading cause.

  • On average, there are 6 million car accidents in the U.S. every year

  • Nearly 1.6 million car crashes were caused by cell phone use while driving.

  • Singles (truck tractors pulling a single semi-trailer) accounted for 55% of fatal accidents

  • Property damage (avg. medium and heavy), excluding pain and suffering, averages around $148,279

    1. Straight truck with no trailer average $97,811

    2. Tractor-trailer pulling one trailer average $172,292

    3. Truck pulling two or three trailers average $511,582

  • Average cost of injury related truck accident involving a semi pulling one trailer is $334,892

  • Average cost of injury related heavy truck pulling two or three trailers is $1.2 million

  • Average cost of a fatal truck accident