Trends in the Commercial Trucking Industry

Every industry faces changing times, but with new investments in U.S. manufacturing along with regulations aimed to make the roads safer, the commercial trucking industry is expected to see some new trends in 2018 that could have wide-reaching effects for not only trucking companies but also those that provide financing to the trucking industry.

The Electronic Logging Device

The Electronic Logging Device (ELD) is a device aimed at limiting the time drivers spend behind the wheel. It will ensure that drivers spend no more than 50 hours in service each week, and they must take a business equipment finance blog mandated two days off afterward. The hope is that the roads will be safer with less exhausted drivers on the road, but it will have wide-ranging effects on the industry as a whole.

Carriers will no longer be allowed to haul as many loads as before, and many predict that the added costs of new equipment and administrative duties from ELD will be passed to the consumers in the nation.