Report
Matthew Young
EUR 101.80 For Business Accounts Only

Electronic Logging Devices Are a Speedbump for Truckload Miles, but a Boost for Rates

The electronic logging device (ELD) mandate for U.S. truckers is looming (Dec. 18), and somewhere around 65% of small fleets, which account for most of the truckload carrier base, are waiting until the last minute to install the devices—but they will install them eventually, or risk being taken off the road. Because ELDs are far more exacting than paper logs, they force drivers to adhere more closely to hours-of-service rules, tempering the distance a truck can legally run. We expect small carri...
Underlying
Heartland Express Inc.

Heartland Express is a holding company. Through its subsidiaries, the company is engaged as a short-to-medium haul truckload carrier. The company primarily provides asset-based dry van truckload service for shippers from Washington to Florida and New England to California. The company also provides temperature-controlled truckload services, which are not significant to its operations. The company operates terminal facilities throughout the contiguous United States in addition to its terminal and corporate headquarters in North Liberty, IA.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Matthew Young

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