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|Many Carriers Threatened To Quit After ELDs. Did They?|
Many Carriers Threatened To Quit After ELDs. Did They?
[info from DAT]
Four months before the ELD mandate took effect on Dec. 18, 2017, DAT surveyed TruckersEdge users to learn how they planned to deal with the new regulation. Most of the respondents were owner-operators and small carriers, and 30% of them said that they would leave the industry rather than use an ELD.
That didn't happen. While some may have followed through on that threat, the number of active carriers actually has actually grown at a faster rate since the mandate went into place. So, what changed?
Will things slow down in 2019?
Now, one year after the ELD mandate, carriers seem to have adjusted, and demand-capacity measures are returning to more normal levels. In the chart above, you can see where the van load-to-truck ratio hit a peak of 9.9 in both January and June but has since dropped to below 2017 levels.
Load-to-truck ratios represent the number of loads posted for every truck posted on DAT Load Boards, and indicate of the balance between spot market demand and capacity. If prices follow suit, it's likely that the pace of new carriers entering the marketplace will slow. Some of those who originally threatened to quit may decide to leave the industry later than they originally thought.
DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 279 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions.
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