Nearly 30 percent of carriers are not yet in full compliance with the upcoming electronic logging device mandate and 8 percent have equipped less than 33 percent of their fleets to date, according to the latest Morgan Stanley ELD Survey. The survey also found that 15 percent of carriers do not expect to be fully compliant when Dec. 18 rolls around.
The investment firm has been conducting quarterly ELD surveys of fleets since May 2016. Among other insights offered, Morgan Stanley expects already compliant carriers (currently 72 percent) to perform well once the rule goes into effect, the number of carriers expecting capacity decreases continues to grow, and the biggest impact is likely to occur in the first half of 2018.
One other notable, and potentially important, finding of the survey is that many shippers and brokers seem to be taking a “hands-off” approach to ELDs, shifting the burden entirely on the carriers for compliance. That, however, could create a “blind spot” for compliance, Morgan Stanley concludes.