Hazardous materials incident costs : estimating the costs of the March 25, 2004, tanker truck crash in Bridgeport, Connecticut
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2004-08-01
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Edition:Final report; Jun - Aug 2004
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Abstract:Significant variations in the reporting of hazardous materials incident costs are illustrated using a case study of the March 2004 crash of a fuel tanker truck on Interstate 95 in Bridgeport, Connecticut. Three separate cost estimates are presented, based on the Hazardous Materials Incident Report filed by the carrier, reports in the media, and independent follow-up research and interviews. Overall, the costs of the incident, including emergency response, property damage, product loss and other costs, were estimated by the carrier to be $3.2 million. For reasons that are detailed in the report, this estimate substantially understated the actual total costs, which are estimated to be in the range of $7.4 to $8.4 million.
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