The ELD mandate deadline is approaching fast. Despite several attempts to either delay or repeal the mandate, it is all set to take effect from December 18, 2017.
Instead of speculating and pinning hopes on false rumors, it is important that fleets now prepare for the ELD rule and make sure that they are compliant with the new regulations. Vehicles that don’t have ELDs after the December 18, 2017 compliance date would face hefty fines and penalties.
Although there is some negativity towards the ELD rule by some drivers and carriers, the overall response has been great. The trucking industry is adapting to the ELD mandate. Moreover, with each passing day, carriers are now seeing the various benefits of installing ELDs and leveraging the valuable insights and information these devices provide.
Experts now believe that with electronic logging devices, drivers and carriers can increase efficiency, be safer, and make more money.
Furthermore, compliance with the ELD mandate does have its advantages if you know how to leverage it.
In this post, we take a look at five ways to make the ELD mandate work for you.
5 Ways to Make the ELD Mandate Work For You
ELDs have several benefits. With the right strategy in place, you can use the ELD mandate to your advantage. Here are 5 ways to make the ELD mandate work for you:
1. Save Money With Improved Safety
ELDs enforce Hours-of-Service regulations and keep fatigued drivers off the road. The ELD mandate increases road safety, which, in turn, can save you a lot of money.
You can save money with improved safety by:
- Ensuring drivers use the defined path and follow proper road safety guidelines. It reduces the risk of accidents due to distracted driving and saves both time and money.
- Monitoring driver behavior and alerting them in real-time in the case of dangerous driving events, such as speeding, hard braking, hard acceleration, hard cornering, etc.
- Providing managers with driver behavior data, which can be used to coach drivers into safe driving habits. It increases the overall safety of your drivers and fleets and, therefore, minimize the probability of incurring hefty fines and liabilities.
2. Reduce Vehicle Maintenance Costs
Vehicle breakdowns are expensive, and nobody wants to deal with them. They are one of the leading causes of delayed delivery and affect a company’s relations with its customers.
You can use the KeepTruckin ELD solution to keep vehicle maintenance in check. With real-time fault-code alerts and vehicle diagnostic reports, fleet managers can stay on top of vehicle maintenance.
Minimize vehicle maintenance costs and vehicle breakdowns by automated checkups, fault-code alerts, and by preventing recurring issues with historical fault-code reports.
KeepTruckin ELDs can help you with all that and more.
3. Minimize Fuel Consumption & Wastage
Commercial drivers unknowingly waste a lot of fuel either by vehicle idling or taking longer routes. It is estimated that for a truck which consumes $70,000 worth of fuel, approximately $5,600 is wasted on idling.
You can make ELDs work for you and help you minimize fuel consumption and fuel wastage.
Use the KeepTruckin ELD idle-time tracking feature to identify drivers who idle for too long or too frequently, reduce fuel costs, and improve profits.
KeepTruckin ELD built-in GPS tracking feature can be used for efficient route management, so fuel consumption can be minimized as much as possible.
4. Charge Better Prices
Becoming ELD compliant right now will help add value to your fleet and get better offers from clients.
When the compliance deadline approaches, a lot of truckers are expected to remain noncompliant, which would allow you to take full advantage of your compliance status.
Freight brokers are most likely to pay more for FMCSA-compliant companies as compared to non-compliant ones. You can use this to raise the price of your services and offset the cost of ELD implementation and even increase your profits.
5. Beat Your Competitors
Transitioning from conventional paper logs to electronic logbooks is not easy. It requires proper training for both managers and drivers. Implementing ELDs before the compliance deadline will give your employees enough time to get comfortable with the new system and figure out the ins and outs of these electronic logging devices.
This will allow you to get ahead of your competitors who are still waiting for the last moment to start the ELD implementation process.
If you install ELDs now, you will be all set when the compliance date comes. And while your competitors understand how ELDs operate, you’d be expanding your business, leveraging ELD data for improving operations, getting more clients, and increasing your rates and profit.
Waiting until the compliance deadline to install ELDs is a mistake you must not make. If you haven’t installed ELDs in your fleet by now, you’re already late, and the longer you wait, the more it will cost you.
Instead of waiting for last-minute ELD implementation — which is a bad idea — start the process now.
Request a free demo of the KeepTruckin ELD solution and see how it can help your fleet streamline operations, minimize costs, and maximize profits.
KeepTruckin ELDs are FMCSA-certified, feature-rich, and start from just $20 per month with no additional charges whatsoever.
If you have any questions, call us at 855-434-ELOG or send us an email at firstname.lastname@example.org.