Some trucking companies out there might believe that by complying with the FMCSA’s electronic logging device (ELD) mandate new expenses will be created. For example, the software and logging devices will cost money. However, these devices could also generate fuel savings for carriers, depending on the type of system they opt for and how they use the data.
Use the New ELD Mandate to Generate Savings
The federal ELD mandate, which took effect Dec. 18, requires most interstate drivers to record their hours of service with ELDs rather than the traditional paper logbooks. Fleets may choose the system they prefer to use, some may opt for a basic ELD and others will look for a more sophisticated system. By choosing a more complex software, the fleet can improve fuel efficiency and safety. They may even save enough to mitigate the initial costs of putting the system in place.
The ELD mandate offers an opportunity to get a system in place where drivers can get unbiased feedback from management on performance in an unbiased manner. This provides the opportunity for the driver to improve performance and get a deeper understanding of any expectations.
Management can also benefit from the data coming through the system. They can get real-time, or continually updated, information from driver’s on routes. This could help to streamline processes and make important business decisions. Multiple carriers have already claimed that implementation of more sophisticated system has covered the money spent on the devices just through fuel savings.
Solving Important Problems
Some of the most common issues that truckers come across are fuel costs, detention time, and payment changes. Many of the compliant software available has created ways to solves these problems like:
- Load matching informs drivers of available loads;
- carrier’s hours of service;
- fuel cost calculator in real time.