With 15.5 million trucks on the road the United States, it is a good bet to say that the ELD mandate is going to have an impact on capacity when December 18, 2017 arrives. Reports vary on exactly how many drivers and fleet owners are ready. Even if just a fraction of the trucks on the road today are put out of commission as a result of the mandate, the trickle-down effect to the economy could be quite significant, especially when more severe penalties go into effect after April 1, 2018. Read about rate predictions associated with the ELD mandate.
Rising spot rates, decreased capacity, peak season and impending ELDs have created the perfect storm
We are in the midst of a big change, as approximately three million truck drivers will be moving into the electronic age. That is, they will be replacing their traditional paper driving logs, that old standby, with electronic logging devices (ELD). While there are some exceptions, the final deadline for full compliance is Dec. 16, 2019.
The Food Safety Modernization Act, or FSMA, is an expanding document that continually grows in order to make the food we eat safer and less likely to be contaminated, covering each stop along the way “from farm to table.”