Acceptable loss ratio

Discussion in 'Report A BAD Trucking Company Here' started by Chasingthesky, May 22, 2016.

  1. Toomanybikes

    Toomanybikes Road Train Member

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    You should expect the larger company to get in more accidents but you read the stats you will find that is not the case.

    I just looked up the safety stats for Werner and Fedwrex, and I don't see your numbers at all.

    Fedrex reported to the dot.
    77,019 drivers
    1,923,280,000 miles in 2015
    1,484 dot reportable crashes
    34 fatalities

    Werner:
    9,931 drivers
    952,452,762 miles
    1,1076 dot reported crashes
    42 fatalities

    Fedwrex drove more then twice as many miles, yet got in significantly less fatalities. Fedwrex got in significantly more dot reportable accidents but less accidents per a mile than Werner. And when Werner wreaks, you are more likely to be killed.

    The OP has a point you follow the numbers from all the mega-crap training companies, they all kill more people and have more accidents per a mile then their counterparts.
     
  2. calnca

    calnca Light Load Member

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    As a insurance carrier, we have stats that we rely on in determining our large account pricing. OUR stats show that we can EXPECT between 18-23% frequency based on power unit count. The difficulty is in predicting
    the severity aspect of the frequency.......if 20 out 100 power units will have a loss......how many will be under $ 25K (60%), how many will be $25K to 100K and so on........the largest losses are always out there it's just hard to predict which loss will turn into the limits loss just looking at a "book" of trucking business.
     
  3. Toomanybikes

    Toomanybikes Road Train Member

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    Where did you get that?

    I calculated out several of the DOT-reported accidents per a million mile and non of them corresponded directly with that data. For example, Gordon is now Hearland/Gordon and both numbers given are not congruent with todays data. UPS and UPS Freight both have much lower numbers then stated. I am not in the mood to check them all but every one I did was not accurate with what you posted?
     
  4. double yellow

    double yellow Road Train Member

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    Toomanybikes Thanks this.
  5. double yellow

    double yellow Road Train Member

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    Careful with FedEx, you're comparing apples to oranges with those numbers.

    FedEx:
    [​IMG]

    Not FedEx:
    http://www.buildagroundbiz.com/index.aspx
     
    Toomanybikes Thanks this.
  6. Toomanybikes

    Toomanybikes Road Train Member

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    Now your numbers seem a lot closer. So these are your Calculations?

    For UPS Parcel i get:

    1,834 accidents / (2,560.802417 million miles a year x 2) = .36 accidents/million

    UPS Ground:

    512 accidents / (566.049529 million miles a year x 2) = .45

    both are significantly better then Gordon or Heartland!
     
  7. Toomanybikes

    Toomanybikes Road Train Member

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    In a sense you are right, and indeed Chasingthesky's numbers are more correct when looked at it that way. But, the point is comparing trucking company to trucking company. In all aspects of the Fedrex and Fedrex Freight are safer then Werner. That is the point, but to correct my error.

    Fedrex reported to the dot.
    77,019 drivers
    1,923,280,000 miles in 2015
    1,484 dot reportable crashes
    34 fatalities

    Fedrex Freight:
    19,911 drivers
    995,215,918 miles
    819 dot reportable crashes
    21 fatalities

    Werner:
    9,931 drivers
    952,452,762 miles
    1,1076 dot reported crashes
    42 fatalities

    The point being the mega-crap companies do indeed get in more accidents and kill more people.
     
  8. double yellow

    double yellow Road Train Member

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    Your UPS parcel numbers are the ones I used, my numbers were just doubled from the 24 month accident count.

    Gordon, Walmart, McKee, Con-Way etc still had fewer accidents per million miles, but UPS is definitely above average.

    Heartland still runs a separate DOT number from Gordon, but they're intermingling trailers so I imagine they'll eventually run everything under Heartland.
     
  9. double yellow

    double yellow Road Train Member

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    Yeah, and that there are large, real differences between companies. Unfortunately, the FMCSA does not have any statistics comparing fleet size to accident rate. It would seem like something they ought to look at, but I suspect the answers wouldn't please the ATA (an organization that more or less runs the fmcsa)
     
  10. Toomanybikes

    Toomanybikes Road Train Member

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    Gordon, Walmart, Con-Way, Mckee: Noticing UPS higher in your chart is what prompted me to check your rankings in the first place.

    Con-Way is what I expect.

    Obviously Walmart deserves recognition and is of comparable size to be a leader in the trend.

    Gordon has not updated their freight miles since 2013 which leads me to believe that more of their freight and miles are now under the dot number of Heartland not Gordon and therefore things look scewed better then they are even though Gordon has been a good company.

    McKee is just not in the same size class as the others but is interesting non the less.

    FMCSA does have statistics comparing fleet size to accident rate. The category is still on the Safer web sight for each trucking company. Only, as you expect, the ATA lobbied to keep it from public view. It seems like a lot of megas are embarrassed about their actual safety record.

    Same with the Haz-mat category. The ATA successfully lobbied to remove the whole securement/weight category form the Safer. Seems some mega's like to haul heavy and loose and not suffer the consequences.
     
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