The Electronic Logging Device mandate represents an industry shift that will impact drivers, fleet managers, and carriers nationwide. Although ELDs may seem like an inconvenience to some, the long term ELD benefits can outweigh the initial costs if you leverage a strong ELD solution.
3 ELD Benefits You Should Know
Here’s a breakdown of three ELD benefits, and why your fleet may want to consider them when preparing for the ELD transition:
1. Insurance saving
The FMCSA found that trucks equipped with an ELD had an 11.7% lower crash rate compared to vehicles without the in-cab hardware. Many insurance companies like Sentry are offering increased benefits and cheaper plans for companies using ELDs because of the improved safety standards and decreased associated risks.
2. Time saving software
Many ELD providers include additional fleet management software such as automated IFTA reporting and real-time GPS tracking, which means less time spent on tedious tasks like calculating fuel tax or driver check-calls. Fleet management systems improve organization and communication between drivers and dispatchers.
3. No more paperwork
ELDs automate the process of logging Hours of Service, which means drivers no longer have to track and file paper logs in case of an audit or DOT inspection. Excessive paperwork can lead to driver and fleet oversights, resulting in fines. By implementing an ELD solution for your fleet, you can ensure fewer violations by eliminating many of the errors that occur with paper logs.
According to the FMCSA, the primary reason for the ELD Mandate is to increase safety and efficiency within the trucking industry.