With the impending ELD mandate, many of our customers are beginning to take interest in adopting electronic logging devices (ELDs) for their fleet. We have found that automatic tracking of driver hours to stay in compliance with Hours of Service (HOS) regulations is the primary concern of our customers. But, the reality is that is that electronic logging is just a small component of a much larger fleet management solution.
What Else Can ELD Technology Do?
As competition in the trucking industry grows, ELD technology helps carriers stay competitive by giving drivers and fleets the ability to improve fuel efficiency, driver retention, fleet safety and customer satisfaction, as well as, stay in compliance with HOS regulations.
ELD Technology helps fleets:
- Lower operation costs
- Increase profits by 30%
- Decrease critical safety events by 20%
- Retain best drivers
- Provide excellent customer service
Lower Operation Costs by Eliminating HOS Violations
Electronic logs provide the ultimate solution for HOS violations by removing the potential for error. By removing the potential for error, this immediately prevents some of the most costly regulatory offenses. Automated logs put an end to falsification of logs and drivers unknowingly exceeding drive time.
Increase Profits by 30% with Improved Fuel Efficiency
According to a recent study by the FMCSA, a 5% increase in fuel economy, which is easily attainable by fleets that adopt telematics, translates into a 30% increase in profit margin due to the multiplying effect of slim profit margins.
Decrease Critical Safety Events
Many Omnitracs customers report a 20% reduction in critical events after implementing Omnitracs technology. This technology does this by effectively addressing nearly all leading causes of accidents. Managers can take reported information and use it to discourage unsafe driving behavior.
Retain Your Best Drivers with Incentive Programs
Many fleets are adopting incentive programs that provide bonus pay to the most efficient drivers. Programs like these increase profitability by encouraging drivers to help you drive down fuel costs and extend vehicle life by reducing their speed and idle time. Programs like these are supported by driver performance data, which is available on the Omnitracs MCP and XRS platforms.
Provide Excellent Customer Service with Real Time Reporting
Onboard technology gives managers the ability to view driver location, delivery status, available drive time, and vehicle health in real time. This information gives managers everything they need to deliver an excellent customer experience.