Shippers ready to “bear the brunt” of higher trucking rates as ELD implementation set to begin Dec.
The tightest truckload market in at least four years will be further exacerbated by the long-awaited mandate next month that trucks are outfitted with electronic logging devices which the government says will crack down on drivers working excess hours behind the wheel.
“There are two components to this,” Mark Rourke, executive vice president and COO of Schneider National, the nation’s second-largest TL carrier, said. “One is how well will people adapt? When you go from paper to electronic (logs), your business model changes. The second component is how many (independent) drivers change? How many participants leave the market place?”
Read more here.