Ryder Leads the Charge in Securing 90-Day Waiver of Electronic Logging Device Mandate for Short-Term Commercial Rental Industry
December 12 2017 - 4:30PM
Business Wire
Thought Leader in Finding Ways to Ease
Transition to ELDs for Commercial Short-Term Renters
Ryder System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated transportation, and supply chain solutions,
today announced that the Company, in coordination with the Federal
Motor Carrier Safety Administration (FMCSA), has secured a 90-day
waiver of the Electronic Logging Device (ELD) Mandate for the
short-term (30 days or less) commercial rental industry. This
waiver will provide a significant benefit to rental customers who
would have been faced with a challenging regulatory compliance in
the midst of peak holiday season. The waiver, which allows drivers
to continue to use paper logs to track their hours of service for
an additional 90 days beyond the December 18th compliance date,
acknowledges the unique challenges the ELD mandate places on this
segment of the industry.
Ryder serves rental customers at more than 400 convenient rental
locations across the U.S. and Canada and has an inventory of over
35,000 recent-model vehicles that are rented by companies from
nearly every industry. The Company’s successful effort to obtain
the 90-day waiver acknowledges customers’ needs to keep deliveries
flowing, most notably during peak seasons with higher demands.
Additionally, Ryder worked to have the FMCSA grant an ongoing
eight-day exemption for customers who are renting, leasing, or
purchasing a commercial vehicle.
“Ryder is committed to enhancing our customers’ commercial
rental experience and reducing their overall costs,” said Rich
Mohr, Rental Operations Vice President and Global Product Manager,
Ryder. “As part of that commitment, we are continuing to work with
government officials and industry partners like the Truck Renting
and Leasing Association (TRALA) and FMCSA to further mitigate
expected implementation challenges presented by the ELD Mandate for
our customers. Ryder is focused on finding ways to make the
transition to this mandate as smooth as possible for our rental
customers throughout North America.”
Ryder recently launched its own ELD platform, which was
developed in partnership with Geotab, a provider of telematics and
fleet compliance management tools for monitoring and recording
hours of service (HOS). In order to capture records of duty status
(RODS) via the Ryder ELD platform, drivers will simply need to
download and log into the Geotab Drive app on a cellular
data-connected mobile device, at no cost to the customer. This
solution provides great flexibility, as rental customers have the
option to use Ryder’s ELD solution or their own portable ELD
equipment.
Answers to the most commonly asked questions regarding the ELD
Mandate, including how to comply and available exemptions can be
found in Ryder’s online ELD Mandate Resource Guide, available for
download at https://ryder.com/eld. The guide also succinctly
explains how the mandate is intended to promote efficiency and help
create a safer work environment for drivers.
Ryder will continue to keep its customers up-to-date on any new
updates to the ELD Mandate and enforcement expectations as the
December 18th compliance date approaches.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and
the S&P MidCap 400® index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. The Company is a proud
member of the American Red Cross Disaster Responder Program,
supporting national and local disaster preparedness and response
efforts. For more information, visit www.ryder.com, and follow us
on our Online Newsroom and social media pages: Facebook, LinkedIn,
Twitter, Instagram, and YouTube.
Note Regarding Forward-Looking Statements: Certain statements
and information included in this news release are "forward-looking
statements" within the meaning of the Federal Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on our current plans and expectations and are subject to
risks, uncertainties and assumptions. Accordingly, these
forward-looking statements should be evaluated with consideration
given to the many risks and uncertainties that could cause actual
results and events to differ materially from those in the
forward-looking statements including those risks set forth in our
periodic filings with the Securities and Exchange Commission. New
risks emerge from time to time. It is not possible for management
to predict all such risk factors or to assess the impact of such
risks on our business. Accordingly, we undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171212006322/en/
Ryder System, Inc.Jonathan Mayor,
305-500-3161Jonathan_C_Mayor@Ryder.comorDavid Bruce,
305-500-4999David_Bruce@Ryder.com
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