Elevate Your Profits Using ELD Data

Electronic logging devices (ELDs) were created as a way to enable truck drivers to log in their Hours of Service (HOS). Nevertheless, there are additional benefits of using ELDs, on top of simply logging hours. They are able to provide detailed information on a fleet’s operations and contain useful data that trucking companies can use. Using your ELD data the right way will allow you to:

  • Improve your trucking operation’s efficiency
  • Lower operational costs
  • Boost profits

In this article, we will discuss 5 ways that you can leverage your ELD data to to further improve your operations.

1. Efficiency Through Better Vehicle Usage

More vehicle utilization leads to increased efficiency and profits. What do we mean by that? Since ELDs are connected to a vehicle’s engine, they have the ability to record frequent idling and can display that information.

According to the Department of Energy (DOE), the trucking industry wastes over 3 billion gallons of fuel every year from idling. Hence, this can lead to decreases in carriers’ profits. Furthermore, it is an irresponsible practice that causes harm to the environment due to exhaust emissions. Luckily, Switchboard’s ELD software is equipped with idle time tracking which lets fleet owners know which drivers idle too frequently or too long. Fleet owners can also check vehicle utilization rates and as a result, can coach certain drivers and improve vehicle utilization overall.

2. Increased Safety With Driver Safety Scores

In addition to monitoring idling, trucking companies can also monitor how safe their drivers are through their ELD data. Some ELDs can detects poor driving behaviours and critical safety events such as:

  • Hard acceleration and braking
  • Hard cornering and speeding.

The safety score is recorded as part of the ELD data. This allows fleet managers to quickly identify and coach high-risk drivers. As a result, it reduces the possibility of accidents and liabilities and improves the fleet’s safety overall. Fewer accidents and lawsuits lead to a better CSA score, more business opportunities, and increased profits.

3. Win More Detention Time Disputes w/ GPS Data

As stated by the DOE, detention time disputes cost carriers between $250.6 million to $302.9 million annually. Detention time applies when drivers are delayed for too long. This can be due to delays at either the point of pickup or delivery. Consequently, drivers may lose legal driving hours, miss the next load, and/or lose revenue. Fortunately, some ELDs come equipped with GPS tracking. This allows trucking companies to easily monitor the activity of their drivers, including:

  • Real time location tracking of trucks
  • History of routes that the truck took
  • Sending progress updates to customers
Switchboard Geofence

Being able to use GPS data also puts drivers in a better position to win detention time disputes. Having access to real-time GPS data provides HOS visibility as well as more efficient trip planning. As a result, this leads to reduced operational costs and higher profits.

4. Increased Driver Retention Rates

Switchboard’s electronic logging devices provide detailed driver performance reports and information on safety scores. Therefore ELD data can be used by trucking companies to create performance-based reward systems. As a result, drivers will be encouraged to drive safely and remain satisfied with their company. Similarly, these rewards can help companies keep their driver turnover rates under control.

5. Improved Vehicle Maintenance

ELDs are capable of improving vehicle maintenance because they can catch issues early on. By looking into past fault code reports and data, carriers can detect any recurrent issues that need attention. For example. the Switchboard ELD solution quickly catches significant problems early on which can save fleet owners a great deal of time and money in repairs.

References

Idle Fuel consumption

Dot estimated detention rates

Leave a Reply

Your email address will not be published. Required fields are marked *