Trucking is a very low margin business. These guys live and die based on controlling costs.Quoting $700B total industry revenue and saying there's room to spend on safety is meaningless... Would love to see a more in depth analysis on the issue from a financial perspective.
And fta:
The industry also bases its opposition to safety-rule changes on money, saying that increasing costs will hurt profits
Excuse my bluntness, but this is a terrible argument.
Saying that safety measures are too costly is ridiculous, because what is happening is that all the other road users are bearing the cost in death and dismemberment when the trucking companies should be bearing the cost in dollars spent on the available safety measures.
Trucking companies absolutely should not be seeking out slightly higher profits on the back of death and destruction. It's a net negative for the entirety of society. You have the truck companies sucking out this little bit of extra profit through their regulatory capture at a much greater cost to the rest of society.
Think about the slight difference improved safety measures would make to the bottom lines of these companies. Then think about all the years of life they are destroying through negligent safety measures, and think about all the things those years of life could have contributed to the world.
The more I type this out the more I realize how absolutely indefensible this argument is, "Yeah, we'll just carry on killing people, because preventing it would cost us a little bit of money..." That is just stomach churning in its crass indecency.