JB Hunt Transport Services (JBHT) Misses Q3 EPS by 6c
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Looming digital regulation has U.S. truck industry scrambling
October 14, 2016 8:05 AM EDTBy Nick Carey
GREEN BAY, Wisc. (Reuters) - A new regulation that will force U.S. trucking companies to electronically log employee hours is designed to limit accidents by keeping tired drivers off the road.
It may also drive smaller trucking firms out of business.
A trucking industry survey earlier this year of mostly small operators found that 84 percent lacked electronic logs, according to load-matching firm truckstop.com. Paper logs allow transport companies already facing razor thin margins to fudge the books, boosting their hours on the road to help the bottom line.
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