We have been sounding the alarm about the negative impact the ELD Mandate will have on American families due to the threat of rising costs and inflation. We have also sounded the alarm about the ELD Mandate and its impact on agriculture, hobbyists and the horse industry.
ELD: A federally-mandated Electronic Logging Device or method of tracking activities of truckers and other transportation professionals
ELD Mandate Can Undo Trump’s Work to Reinvigorate US Economy
President Trump and his administration have been working hard to reinvigorate our economy. However, all their hard work is at risk of showing no end gain for Americans if his administration does not address the glaring and problematic issues surrounding the ELD Mandate. The word to describe what is looming is: inflation.
Industry Publications Cite the Impact of Trucking Regulations
We are starting to see articles about the rise in the cost of commodities and consumer goods. A major factor in the rising cost is directly due to new trucking regulations causing a driver shortage. A recent article by Aaron Back in the Wall Street Journal titled, “General Mills Sounds Inflation Alarm for Food Industry” announced that General Mills shares fell 9% after they lowered their operating-profit guidance. The article points to rising logistics and freight costs. Unfortunately, this is just one example showing that our warnings about the impact of the ELD Mandate are coming true. The article reports, “The company (General Mills) cited higher commodity prices—including grains, nuts and dairy—as well as rising logistics and freight costs. On a conference call, management was contrite for not catching the trend of accelerating inflation earlier, and it outlined plans to respond by cutting costs, reconfiguring logistics networks and raising some prices.”
Maritime Executive brings attention to the impact of the ELD Mandate in the shipping sector, “The ELD mandate in particular has had hard-hitting effects on all players across the massive logistics industry. Trying to secure a container for a full container load (FCL load) within a two-week window has proved cumbersome. Many shippers currently find themselves faced with either shipping only the necessary or paying exorbitant prices to load.”
A February 27th article by Kristian Rouz reports, “US railways and trucking companies have yet to benefit from the Trump administration’s policy stimulus, as these two strategically important sectors are still struggling amidst burdensome regulations….. Subsequently, for the first time in many years consumers are set to experience food inflation – after more than a decade of zero-to-negative gains in food prices.”
Protect The Harvest Efforts to Address the ELD Mandate
Over the last two years, representatives from Lucas Oil and Protect The Harvest have been working diligently to bring a stop to the ELD Mandate and to address all of the surrounding issues. We have been sounding the alarm about the negative impact the ELD Mandate will have on American families due to the threat of rising costs and inflation. We have also sounded the alarm about the ELD Mandate and its impact on agriculture, hobbyists and the horse industry.
We are very proud of the work that everyone has done to come together and make our voices heard. One result of that is the fiscal year exemption now available for livestock haulers.
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