Identifying inevitable changes a trucking company will face after new regulation is introduced and minimizing possible negative impacts assisting in these essential areas:

• Comparing fleet utilization and operating results before and after introducing new regulations;
• Optimizing driving hours under ELD;
• Adjusting fleet to maintain the previous margin;
• Assessing financial resources for optimizing the cost of hire;
• Adjustments to the company structure for operating under new regulations.

An example of an important new regulation was the ELD rule that became effective in December 2017 and applies to virtually every trucking company in the U.S. According to the Federal Motor Carrier Safety Administration, “The electronic logging device (ELD) rule – congressionally mandated as a part of MAP-21 – is intended to help create a safer work environment for drivers and make it easier and faster to accurately track, manage, and share records of duty status (RODS) data. An ELD synchronizes with a vehicle engine to automatically record driving time for easier, more accurate hours of service (HOS) recording. The ELD Rule applies to most motor carriers and drivers currently required to maintain records of duty status (RODS).”