How This New Trucking Trend Could Affect You

Author: MANJEET SINGH DEWAN | | Categories: Business Consultant , Tax Planning , Truck Financing

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Logistics plays an integral role in ensuring essential items, including groceries, medicines, and equipment, can be safely transported from warehouses to the customers’ doorstep. Therefore, any innovation to enhance last-mile delivery is typically welcomed by the trucking industry.

One of the most significant changes that the trucking industry has witnessed in the last few years is the introduction of Electronic Logging Devices (ELD).

These devices track drivers’ movements and identify terrible driving behaviors, such as excessive acceleration, hard braking, and hard cornering. It can also help to considerably reduce the number of potential accidents and make the roads safer.

Unfortunately, while ELDs reduce liabilities and efficiently gather information, the hi-tech software requires large amounts of money to install, especially for large fleets.

Due to the steep cost of ELDs, many truckers threatened to leave the industry. However, trucking had seen steady growth through 2018 and into 2019 before the pandemic broke out, which caused several disruptions to the supply chain.

While it’s fair to say that ELDs are not being championed by every corner, it’s set to pick up as the government has already given a mandate, and penalties are going to be introduced next year. Until then, the authorities are focusing on education and spreading awareness about the multiple advantages of ELDs for trucking companies.

Just to highlight a few benefits, ELDs can help fleets streamline their operations, increase productivity, and maximize profits. Additionally, with all the granular data ELDs gather, trucking companies can grow faster and explore new business opportunities.

If you want to learn more about ELDs or any other upcoming trend, including autonomous trucks, get in touch with Diamond Truck Sales in Milton, Ontario. We have been selling used trucks and trailers across North America for many years and offer a wide range of high-quality vehicles of different makes and models at affordable rates. Our services include the sale of trucks and trailers, leasing and financing, and business consulting services.

We serve clients across Brampton, Mississauga, Newmarket, Caledon, Bolton, Vaughan, Oshawa, Pickering, Ajax, Toronto, Milton, Oakville, Burlington, Cambridge, Kitchener, Guelph, London, Greater Toronto Area (GTA), and the surrounding areas.

If you have any questions about our trucks and trailers, please contact us by clicking here. To learn more about the other services we have to offer, please click here.



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