ERD
11/12/2015 16:46
GENERAL
NOT PRICE SENSITIVE
REL: 1646 HRS EROAD Limited
GENERAL: ERD: US Government releases final rule requiring ELDs
US Government releases final rule requiring electronic logging devices
11 December 2015 Auckland The U.S. Department of Transportation's Federal
Motor Carrier Safety Administration (FMCSA) today released the much
anticipated final rule requiring the use of electronic logging devices (ELD)
for drivers to record their hours of service information.
The rules are consistent with EROAD's expectations, in particular:
o The ELD must enable the driver to securely record and display their
hours of service.
o The ELD must automatically and securely record vehicle information
including driving time, engine hours, power status, motion status, and
location.
o Drivers must adopt a compliant ELD solution within two years - by
December 2017.
o If using an Automatic On-board Recording Device (AOBRD) the driver
will have the option to continue use for an extended two years, but must
adopt a compliant ELD thereafter.
o Drivers of vehicles manufactured before model year 2000 are exempt
from the ELD mandate.
It is estimated that over 3 million drivers and vehicles will be affected by
this rule, which represents a significant opportunity for EROAD to provide
customers across North America with a comprehensive electronic tax and
compliance solution on its secure technology platform.
EROAD has strong foundational building blocks for a compliant ELD solution.
With the recently launched Electronic Logbook for drivers in the US, combined
with its secure Ehubo2 in-vehicle hardware, and cloud-based "Depot" system,
the company is well placed to provide a comprehensive solution to meet the
regulations and its customers' needs.
"EROAD has extensive knowledge and experience in translating complex
regulatory requirements into an innovative technology solution. We are
committed to a strategic development and delivery of a compliant ELD solution
for the North American market," said EROAD CEO, Steven Newman.
At its scheduled market update on 29 January 2016 EROAD will provide an
analysis of the key components of the rules.
End CA:00275025 For:ERD Type:GENERAL Time:2015-12-11 16:46:56
