Safest Companies Realize a Payoff From Their Efforts
Barry Pottle, president of Pottle’s Transportation in Bangor, Maine, sees safety in terms of the number of his trucks that are parked because not enough qualified drivers can be found. In his mind, the cost of having idle trucks — measured in higher equipment costs, lost revenue, etc. — is offset by the risk of having a major accident that could result in higher insurance premiums and legal expenses.
While most executives view safety through the prism of insurance and related costs, more complicated motivations are at work that could affect a carrier’s financial performance. There are the intangibles, such as a company’s reputation, training programs and employee morale, that go beyond the bottom line. But the best indicator of improved safety is still a ledger in the black.
|  | 
Ìý
