Electronic Logging Devices have numerous benefits both for drivers and fleet managers. So if you’re wondering whether an ELD is going to be worth the investment, here are 10 benefits you stand to gain beyond compliance.
- Safety
Did you know that according to the Federal Motor Carrier Safety Administration (FMCSA), ELDS save an estimated 26 lives and prevent 562 injuries each year?
Put simply, the various features of ELDs (like route management and identifying behaviours like distracted or fatigued driving) save lives.
- Vehicle Diagnostics
Because ELDs are connected to your vehicles diagnostic port, you can stay ahead of the curve with both scheduled maintenance as well as identifying minor problems before they become major ones. This means less time in the shop for your vehicles and less costly repair bills.
- Reducing Liabilities
While collisions between commercial and passenger vehicles are frequently the fault of the driver of the passenger vehicle, it doesn’t mean that your company or your drivers will never find themselves on the wrong side of a lawsuit or investigation.
ELDs help to monitor what’s going on, on the road and can help to exonerate your driver in the event of an incident.
- Less Fuel Waste
Do you realize that idling vehicles may be costing you thousands of dollars every year? ELDs can monitor how much time your vehicles are idling so you can take steps to correct that.
- Location Tracking and Route Management
Through the ELD’s GPS System, Fleet Managers can help drivers and increase efficiency by advising them of the shortest route. Doing this will help save your company money and increase productivity.
- Minimize Administration Burden
ELDs help to automate processes that would take hours for Fleet Managers to do manually. Allowing your ELDs to track Hours of Operations saves the administrative burden and frees up managers to work on other tasks.
- Automated IFTA Calculation
Reporting IFTA calculations at the end of each quarter can be extremely time consuming and paperwork heavy. ELDs completely automate the process saving you time while also reducing risk of errors – and audits.
- Lower Insurance Premiums
When people make (and win) claims against carrier companies, it can significantly raise their insurance premiums. ELDs help to keep premiums low in a few ways.
First, if there is a claim against a driver (who is not to blame for the accident), the ELD recording information can help to exonerate them.
Second, since premiums tend to be largely based on CSA scores, ELD’s may be used to safely identify risky driver behaviour that can raise these scores.
- Identify Poor Driver Behaviour
Another benefit of ELDs is that they can quickly identify poor driver behaviour such as speeding or excessive acceleration. This information can be used to help train drivers exhibiting this behaviour as well as to reward drivers who exhibit good behaviour.
- Higher Profits
And finally, and perhaps one of the biggest benefits of ELDs is that they can help you be more profitable. By increasing efficiency and productivity, reducing liability and fuel costs, and by helping your drivers perform better and more safely – this all results in higher profits. Put simply, ELDs pay for themselves several times over.
Contact Trux Solutions today
As you can see, ELDs are much more than a compliance tool. If you would like to learn more and find out what ELDs are right for your vehicle or fleet, contact Trux Solutions today!
How we can help
Trux Solutions is a premier supplier of telematics and fleet management software. If you are looking for the right solution for your fleet, contact us today.
