New MiX Telematics Survey Finds 1 in 8 Trucking Fleets Still not ELD Compliant
24 July 2019 - 2:30AM
MiX Telematics, a leading global provider of fleet and asset
management solutions, announced today the results of a
comprehensive study it conducted with Bobit Research Services on
ELD compliance and use by U.S. trucking fleets.
The main objective of this research was to better understand
aspects of ELD compliance within U.S. fleets and how the data
collected by ELD solutions are being utilized. Some of the topics
mentioned in the survey include ELD implementation, progress on
meeting the ELD mandate deadline, the types of data being collected
through ELD solutions, how that data is being used, and potential
return on investment on ELD investments.
Bobit conducted the survey in April 2019; 194 individuals
responded.
Key results
- Three-fourths of companies surveyed have already implemented an
ELD solution in compliance with the ELD mandate. Among those who
have implemented: - Four-fifths consider
their ELD solution to be full-featured, offering compliance
alongside many other features. The balance consider their ELDs to
be entry-level, compliance-only tools.
- One-fourth of companies surveyed have not implemented an ELD
solution. - Among the 12% (1 in 8) who have
not yet implemented, three-fourths plan to do so by December
2019. - The remaining 13% who have not
implemented are not subject to the ELD mandate.
- As expected, nearly all fleet professionals who were collecting
data were using their ELD solution to collect HOS (Hours of
Service) data. Fewer focused on data relating to vehicle location,
vehicle mileage and vehicle speed statistics – all are extremely
valuable to fleets focused on safety and efficiency gains.
- When asked if they expected to achieve positive ROI on their
ELD investments this year, 59 percent of those using full-featured
ELDs said yes, while only 37 percent of those using entry-level
tools said yes.
“We are encouraged that most fleets have implemented an ELD
solution and many are using the data they are collecting for things
other than HOS compliance,” said Adam Bruttell, Vice President of
Sales and Marketing, North America, MiX Telematics. “However, the
fact that one in eight fleets are still not ELD compliant and many
are not collecting and leveraging ELD data on aspects such as safe
driving and fuel economy tells us there is still a lot of work to
do. Improved driver safety and fuel economy are significant
benefits of using ELDs. Done right, close to 100 percent of
full-featured solutions should achieve ROI. The relatively low
expectations seen in the survey demonstrate that fleets can and
should do more to leverage the data they are collecting. That’s why
MiX works closely with its customers to ensure they are getting the
most out of their ELD investments.”
Previous research conducted by MiX Telematics has found that the
ROI for a typical 100-vehicle fleet can be $134 per vehicle/per
month after taking into account the ELD investment. The gains are
from compliance, safety and efficiency (for instance, savings on
fuel, maintenance, insurance, crash avoidance and fine
avoidance).
MiX Telematics and Bobit Research Services will share more
detail on the survey findings in a webinar taking place today at
2pm ET. Register for this free event, “Beyond ELD Compliance:
Making the Most of Your ELD Data,” at
https://event.webcasts.com/starthere.jsp?ei=1251603&sti=MiX. A
white paper with more details on the survey findings is available
for download at https://explore.mixtelematics.com/eld-survey.
About MiX Telematics
MiX Telematics is a leading global provider of fleet and mobile
asset management solutions delivered as SaaS to customers managing
over 750,000 subscribers in more than 120 countries. In the U.S.,
MiX Telematics offers self-service telematics software that runs on
any mobile device and, enterprise solutions that are ELD compliant
and come with Service for Life and dedicated account managers who
proactively monitor customers' systems for optimal use. The
company's products and services provide fleets of all sizes with
solutions for efficiency, safety, compliance and security. MiX
Telematics was founded in 1996 and has offices in the United
States, South Africa, the United Kingdom, Uganda, Brazil, Australia
and the United Arab Emirates as well as a network of more than 130
fleet partners worldwide. MiX Telematics shares are publicly traded
on the New York Stock Exchange (NYSE: MIXT) and the Johannesburg
Stock Exchange (JSE: MIX). For more information, visit
www.mixtelematics.com.
For further
information:Michelle Faulkner Big Swing Communications+1
617-510-6998 michelle@big-swing.com
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