ELD Mandate Fact No. 37: The FMCSA believes the total annual cost of ELD adoption will be $975 million, which includes all equipment for carriers and commercial truck inspectors, as well as inspector and driver training.
ELD Fact No. 38: To be fair to the business changes ELDs can impact, another $604 million was budgeted for “extra drivers and CMVs needed to ensure that no driver exceeds HOS limits.”
ELD Mandate Fact No. 39: All in, the net benefits of ELDs outweigh the costs with expected paperwork savings of over $1.6 billion annually, plus crash reduction costs of $395 million.
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ELD Mandate Fact No. 40: It should be noted that the mandate rule allows for the “grandfathering” of current E-log devices to meet the proposed rule.
ELD Mandate Fact No. 41: You may think of electronic logging devices as compliance tools, but did you know they can also dramatically improve your bottom line?
