The Electronic Logging Device (ELD) is an electronic tool that serves as a solution for operators to monitor their professionally-hired truck drivers and motor carriers. The said device enables evaluation of Hours of Service (HOS) compliance of the employees.
The use of such device was ruled by the Federal Motor Carrier Safety Administration (FMCSA) in December 2015 for everyone to comply. The first compliance of the said regulation was done in December 2017 to more than three million drivers to assure HOS.
The Purpose Of ELD
ELD records the HOS that also tracks the efficiency of drivers. Operators must ensure:
The Cost Of ELD
Since the FMCSA already mandated the use of ELDs, a lot of companies are investing in its kind. The ELD price cost around $165 to $832 depending on its variety. The most common ELD financed by companies ranges at about $495 per truck.
Though companies have a lot to invest, the FMCSA also narrates that it is worth it to do so. Thus, it will have so much savings in the long run. It is a more affordable form of fleet management system model that can also carry the requirement by the agency.
The ELD also give some economic benefits that reduce paperwork and hassle of creating a report based on the individual manual monitoring. Thus, it is a long-term investment to deliver convenience for both the operators and the drivers.
ELD has added benefits towards the use of data analytics that everyone needs, the same as how mobile applications also function. The FMCSA, on the other, believe that the demand for ELD will grow and its annual adoption will cost at around $975 million annually.