Although ELDs aren’t expensive, some ELD manufacturers are charging a lot of money for them. The monthly price for an ELD is something that you’ll be paying on a regular basis. Assuming you buy an ELD solution at $40 per month — and you have 200 trucks in your fleet — you’ll be paying $8,000 every month. However, there are some cost-effective ELD solutions out there. Make sure to find a solution that fits your financial needs.
Ultimately, carriers have to bear the cost of the ELD mandate. A cost-effective bring-your-own-device (BYOD) solution can help minimize the overall burden and cost of ELDs.