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Ryder Announces Breakthrough Solution to Help Commercial Rental Customers Comply with New Electronic Logging Device Regulations

November 02, 2017

- The Comprehensive Ryder ELD Platform Delivers Simplicity, Flexibility, and Convenience for Short- and Long-Term Rental Customers to Comply with the Upcoming ELD Mandate -

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced its highly anticipated Ryder Electronic Logging Device (ELD) platform that will provide a simple yet comprehensive solution to make it easier for commercial rental customers in North America to record their hours of service (HOS) electronically to comply with the December 18, 2017 ELD Mandate.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171102005425/en/

The Ryder ELD platform allows customers to either use Ryder's solution, their own portable ELD equip ...

The Ryder ELD platform allows customers to either use Ryder's solution, their own portable ELD equipment, or a cellular data connected Android- or iOS-based smartphone or tablet device. (Photo: Business Wire)

With the launch of this new ELD platform, Ryder rental customers gain additional flexibility, choice, and control in fleet management with benefits that include:

  • Allowing customers to either use Ryder’s solution or their own portable ELD equipment
  • Enabling use of a cellular data connected Android- or iOS-based smartphone or tablet
  • Providing access to a fleet management portal for driver and support personnel profile creation
  • Tracking the vehicle’s location, routing activity, and idle time
  • Creating “geofences” and alerts for fleet activity notifications

“When you partner with Ryder to meet your unique commercial rental needs, whether it’s for short-term or long-term rentals, our focus is the same as yours – compliance through simplicity, flexibility, control, and the best customer experience in the industry,” said Rich Mohr, Rental Operations Vice President and Global Product Manager, Ryder. “Whether your business needs to rent a truck for five days or five months, Ryder’s new ELD platform offers your drivers a simple one-stop shop for compliance with the ELD Mandate.”

The technology behind this platform was developed in partnership with Geotab, a provider of telematics and fleet compliance management tools for monitoring and recording 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. Additionally, all current Ryder rental customers are pre-registered in the Company’s system; therefore, minimal time is required for set up on the Ryder ELD platform. This solution provides great flexibility as customers have the option to use Ryder’s ELD solution or their own portable ELD equipment.

With this new breakthrough solution to the ELD Mandate’s requirements for commercial vehicles, Ryder is enhancing its customers’ experience renting vehicles for their business needs while reducing overall costs. Ryder will notify its customers once the enrollment period has begun as well as provide details around logging into the new ELD platform during the fourth quarter of 2017.

In addition to the Ryder ELD platform, Ryder in conjunction with the Truck Rental and Leasing Association (TRALA) has and will continue to work with the government on behalf of our customers in order to mitigate challenges presented by the ELD mandate. The Company is pleased that FMCSA has granted an 8-day exemption to allow paper logs for instances of a vehicle breakdown, seasonal demand, and expansion needs. Ryder will continue to work with government officials and industry partners to further mitigate expected challenges for our customers presented by the ELD Mandate. More information on complying with the ELD Mandate and how it’s intended to promote efficiency and help create a safer work environment for drivers can be found in Ryder’s online ELD Mandate Resource Guide where the most commonly asked questions regarding the ELD Mandate are answered, including:

  • How do I comply with the mandate?
  • What is the 8-day exemption?
  • How does the delayed ELD Mandate impact me?
  • And what are the features and benefits of Ryder’s ELD solution?

As the December 18th compliance date approaches, Ryder plans to keep its customers up-to-date on any new updates to the ELD Mandate and enforcement expectations.

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, and follow us on our Online Newsroom and social media pages: Facebook, LinkedIn, Twitter, Instagram, and YouTube.

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.

Source: Ryder System, Inc.

Ryder System, Inc.

Jonathan Mayor, 305-500-3161

Jonathan_C_Mayor@ryder.com

or

David Bruce, 305-500-4999

David_Bruce@ryder.com

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