DriveCam Launches Insights Series

SAN DIEGO--Just in time for APTA’s Bus & Paratransit Conference, DriveCam Inc., a global Driver Risk Management (DRM) company, launched its DriveCam Insights Series™ today. Designed to provide insight for executives and managers throughout a variety of transportation industries, the DriveCam Insights Series is derived from DriveCam’s extensive database of over 16 million driving events from 2 billion driving miles – the largest in the world.

The first to go under the microscope is the transit industry. Initial research found a few surprises, specifically concerning distracted driving. With so much focus in the news on collisions in the transit industry caused by distracted driving, DriveCam was surprised to find that it actually ranks #5 on the list of behaviors. The Top 5 Driving Behaviors among all transit vehicles in order are:

1. Not looking far enough ahead
2. Following too close
3. Traffic violations
4. Failure to keep an out
5. Distractions

Delving a bit deeper into the data, DriveCam examined Collision Rates. The collision rate of bus/coach was 9.3 percent, which compares favorably to the most recent Transit Safety and Security Statistics and Analysis from the Federal Transit Administration; it released data that resulted in a collision rate of 9.6 percent. Within collisions, passenger vehicles (taxis) had the highest collision rate of 16.3 percent – nearly double that of bus/coach at 9.3 percent.

For this study, DriveCam reviewed over 100,000 risky driving events in a sampling of 10,000 transit vehicles. Transit-industry clients on DriveCam’s Managed Services Program see a dramatic decrease in the frequency and severity of collisions year-over-year, resulting in an overall claims cost reduction of 30-80%. The data analyzed for this study focused on a disproportionate number of newer clients resulting in an average collision rate similar to third party industry research. DriveCam’s Insights Series will be released on an on-going basis. Next up: Transit Behaviors and Collisions vs. Other Industries.

About DriveCam Inc.

DriveCam is a global Driver Risk Management company that dramatically reduces fuel expenses and claims costs – while saving lives – by improving the way people drive. By combining sight and sound, expert analysis and driver coaching, DriveCam has reduced vehicle damages, workers' compensation and personal injury costs by more than 50 percent and fuel consumption by up to 10% in over 130,000 commercial and government vehicles. DriveCam has analyzed data from over 2 billion driving miles and holds the world's largest database of more than 16 million actual risky driving events, which the company uses to continually improve its proprietary analytics and scoring. DriveCam has been included on Inc. Magazine’s list of the 500 fastest-growing, privately held companies in the U.S. for three consecutive years and was most recently listed as #30 in The Wall Street Journal’s latest listing of Top 50 Venture-Backed Companies, “The Next Big Thing.�?? For more information, visit www.drivecam.com.

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