It’s been a busy few months on the regulatory front. Its hard to keep track of which proposed regulations are still moving forward and which have been shelved. Heres an update on some of the regs weve been tracking.
Truckers will have until 2019 to install electronic logging devices (ELD) if newly proposed legislation becomes law. The ELD Extension Act was submitted to the House Transportation and Infrastructure Committee by Rep. Brian Babin (R, Texas) who announced the bill today.
This week the National Academy of Sciences released its long-awaited study of the FMCSA’s Compliance, Safety and Accountability (CSA) program. The report makes recommendations for improving the way FMCSA uses its data to assign safety rankings to carriers, and it recommends that the FMCSA study the impact of returning CSA scores to public view.
This week the FMCSA announced that it has withdrawn its proposed rulemaking which could have called for an increase in carrier liability insurance. That's good news for both carriers and brokers, because a steep increase in insurance requirements would have added extra costs at a time when many carriers are wondering how they're gone to pay for electronic logging devices required by December 18.
I've been an owner-operator for six years, and I was a company driver before that. I have built great relationships with freight brokers, and we share advice and tips to be successful in the spot freight market. I think that most brokers don't realize what a huge impact ELDs will have on their business, starting only seven months from now. Here's what you need to know.