How Can an ELD Save Truck Drivers Time and Money?
Published in December 2015, the FMCSA’s final rule for electronic logging devices (ELDs) has made several changes in the trucking industry. Among other benefits is the ELD’s ability to help save truck drivers both time and money, keeping the trucking process more efficient and cost-effective.
There are several ways using ELDs can help cut down on the pricing and time required for trucking.
Average Savings Per Year
According to the FMCSA’s Regulatory Impact Analysis for ELDs, some of the observable paperwork savings experienced with these devices include:
- Driver Filling RODS: $487
- Driver Submitting RODS: $56
- Clerk Filing RODS: $120
- Elimination of paper driver log books: $42
These add up to a total of $705 in annual paperwork savings, and that’s merely an estimate. The FMCSA came up with that final number based on several factors.
The first element they took into account was the estimate of 240 filled-out RODS per year, with the ELD estimated to reduce the amount of time required to log RODS by 4.5 minutes per RODS, or 19 hours per year.
Another two hours is saved each year thanks to the reduced amount of time needed for drivers to forward RODS to carriers, which typically takes five minutes per RODS and occurs 25 times every year.
ELD manufacturers have reported that these devices have helped save around 15 minutes of drive time per day, with more accurate recording of on-time duty.
These savings make ELDs ideal for many operations.
Other Ways ELDs Save Money on Trucking Operations
With a complete fleet management system (FMS) along with ELDs, truck drivers can experience improved:
- Fuel Costs — Companies can monitor speeding events or idle times, with incentive programs in place for truck drivers to increase fuel efficiency.
- Downtime — Users of ELDs can see a significant decrease in downtime by as much as 15%, with improved vehicle utilization of up to 13% according to Aberdeen Group studies.
- Crash Rates — Truck drivers using ELDs and submitting E-logs have reported lower crash rates, including an 11.7% reduction in the total crash rate and a 5.1% reduction in the preventable crash rate, significantly lower than vehicles without ELDs.
- Compliance — As drivers need to comply to ELD regulations, they can more easily meet other regulatory compliance requirements, including IFTA and Driver Vehicle Inspection Reports.
Keep Trucking Operations More Cost-Effective and Efficient
With all of these benefits that come with ELD implementation, truck drivers can save money and time while also remaining safer and more effective. Companies paying for these services can also see a dramatic reduction in prices due to the elimination of inefficiencies that can otherwise plague these operations.
As more companies make use of ELDs and other aspects of a complete fleet management system, truck drivers will continue to see their benefits along with others in the trucking industry, with easier and more efficient reporting and subsequently decreased downtime and expenses.
These systems will also continue to develop, making ELDs even more effective and necessary for the management of trucking fleets.