ELD Mandate 101

What is the ELD Mandate?

The Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) issued a mandate requiring operators of certain commercial motor vehicles to use electronic logging devices (ELDs) by December 16. This regulation 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.

ELDs Can Help Carriers Save Time & Money‡

$1.2b

Net Annual Savings
AND

$2.4b

Paperwork Annual Savings

ELD Benefits for Commercial Carriers

Improved accuracy of data

Reduced paperwork

Safer work environment

Better planning for drivers

Huntington Technology Finance Can Help

If the ELD requirement applies to you, we offer a variety of financing options to help you acquire the equipment you need before the deadline.

Mitigate Large Capital Expenditures

We can provide cost effective financing solutions to acquire this equipment§.

Financial Possibilities

Operating leases can be structured to reduce overall costs for the fleet owners.

Budget Flexibility

Companies can manage cash flow to meet budgeting needs as they become compliant.

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SOURCES:

† Federal Motor Carrier Safety Administration (FMCSA)

‡ Federal Register, Vol. 80, No. 241, Federal Motor Carrier Safety Administration, Department of Transportation, Electronic Logging Devices and Hours of Service Supporting Documents; Final Rule 12/16/15. https://www.govinfo.gov/content/pkg/FR-2015-12-16/pdf/2015-31336.pdf

§ Financing is subject to credit approval, mutually satisfactory documentation and other conditions.

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