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 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,
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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.
Ryder System, Inc.
Jonathan Mayor, 305-500-3161
Jonathan_C_Mayor@Ryder.com
or
David Bruce, 305-500-4999
David_Bruce@Ryder.com