Covenant mileage & safety stats (estimated)

Long stretches of interstate provide plenty of time for the mind to ponder life's great questions. Unfortunately, I waste my time thinking about stuff like company mileage & safety statistics. These are the ballpark figures Ive come up with:

Weekly mileage: about 4,000,000 (from weekly safety message)
Trucks on the road: about 1,250 (13650-14900 less broken down or totaled trucks, plus o/o's)
Drivers on the road: about 2,175 (guess 75% team)
Weekly DOT reportables: about 3 (from safety msg)
Weekly incidents: about 75 (from safety msg)


Average miles/week per truck: about 3,200
Average miles/week per driver: about 1,875

1 in 4 trucks, & 1 in 7 Covenant drivers has been in an incident this month

 

Thanks I didnt think to check the quarterly report (despite anxiously awaiting this quarter's results -- come on $4/share cvti!). And perhaps my team estimate was skewed because the western terminals are disproportionately team... Anyway, here are the revised numbers:

Weekly mileage: about 4,000,000 (from weekly safety message)
Trucks on the road: about 1,500
Drivers on the road: about 2,250
Weekly DOT reportables: about 3 (from safety msg)
Weekly incidents: about 75 (from safety msg)


Average miles/week per truck: about 2,667
Average miles/week per driver: about 1,778

1 in 5 trucks, & 1 in 8 Covenant drivers has been in an incident this month




Mileage still seems low, so here are the numbers assuming each truck takes an average of 7 days hometime in 8 weeks:


Weekly mileage: about 4,000,000 (from weekly safety message)
Trucks on the road: about 1,312 (188 trucks on hometime/week)
Drivers on the road: about 1,968
Weekly DOT reportables: about 3 (from safety msg)
Weekly incidents: about 75 (from safety msg)


Average miles/week per truck: about 3,050
Average miles/week per driver: about 2,033

1 in 4 trucks, & 1 in 7 Covenant drivers has been in an incident this month



Any way you slice it, the incident rate seems awfully high. Wish I knew how it compared to other training companies...

 

Yeah, I've seen a few times that 75-80% of the time in car vs truck accidents that it is the car's fault. Regardless, Covenant's DOT accident per million mile seems better than most training companies (<1 per million miles) -- its the non-dot accidents that seem high to me (~1 per 50,000-60,000 miles)

Freight has been good to me too (3300 with the possibility for up to 4000 after my reset) -- I've only been limited by my 70 (didnt reset last week):




So there must be some folks making only 1000 miles for the averages to come out like that (begging the question: "are they running like that because they have a poor track record, because they're unlucky to be in a slow freight area, or because they haven't been blessed with the load planners/dispatchers that we have?")

 

woohoo - cvti broached $4 today -- up 30% since I bought in April! Look out Warren Buffet (lol)

/hijack