EROAD Limited — Regulatory Filings 2017

Jul 23, 2017

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MEDIA RELEASE

Efforts to delay ELD mandate vehemently opposed

24 July 2017 Auckland Last-ditch efforts are being made in the US to delay the implementation of the Electronic Logging Devices (ELD) mandate for motor carriers. This is potentially causing confusion for motor carriers who have less than five months to prepare for ELD compliance.

Following the Owner Operator Independent Drivers Association’s (OOIDA) legal challenge to the ELD mandate being thrown out by the Supreme Court on 14 June 2017, OOIDA has turned its lobbying efforts to the United States Congress.

A bill has been introduced to the United States Congress to attempt to delay implementation of ELDs by two years to 2019. To become law, the proposed legislation would first need to be accepted and passed by the full House of Representatives, survive Senate scrutiny and a HouseSenate conference committee, be approved by the Senate then signed into law by the President. It is uncertain that this bill would become law before the 18 December 2017 compliance date.

The bill was introduced shortly after the US House Appropriations Committee last week asked the US Department of Transportation to consider whether a "full or targeted delay" of the mandate was prudent, giving particular consideration to the ability of smaller carriers (owner operators) to deploy devices before the deadline.

“We believe the efforts by OOIDA to delay the ELD mandate at the 11[th] hour is unlikely to succeed,” Steven Newman, CEO of EROAD, said. “Many national stakeholders are proactively lobbying against it, including the largest national trade association for the trucking industry, the American Trucking Associations (ATA).”

The ATA has sent a letter to the FMCSA expressing its staunch opposition to any effort that would delay the December 2017 implementation deadline for ELDs. In the letter written directly to Daphne Jefferson, FMCSA Deputy Administrator, on Friday, Bill Sullivan, ATA’s Executive Vice President for Policy, stated, “Over the past week we have heard from our members, loudly and clearly, that they are vehemently opposed to these attempts to delay this important regulation. The industry stands ready and is prepared to implement ELDs. As our letter explains, it is incumbent on regulators and on Congress to dismiss this last-ditch try by some to evade critically important safety laws.”

Mr Newman noted that it was too early to tell whether OOIDA’s last attempt to delay the ELD mandate would have any appreciable impact on the adoption of ELDs. The delay attempts do however create potential confusion for carriers who now have less than five months to install ELD devices and train drivers prior to the mandate coming into effect.

ENDS

For further information contact: Steven Newman

TEL +64 9 927 4700 FAX +64 9 927 4701 FREE 0800 4-EROAD

PO Box 305 394 Triton Plaza, North Shore 0757 Auckland, New Zealand

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Chief Executive Officer Steven.Newman@eroad.com +64 9 927 4713

About EROAD

EROAD is a fully integrated technology, tolling and services provider. EROAD’s goal is to offer flexible and powerful solutions based on its innovative technology to assist in the creation of a transport sector that is responsive to the evolving needs of business, government and the wider community.

The EROAD platform consists of a secure electronic distance recorder (Ehubo), integrated with mobile applications, and an online bank-grade payment gateway and services portal. It undertakes design and manufacture of its in-vehicle hardware, as well as software development, from its headquarters in Auckland, New Zealand.

EROAD’s advanced technology provides road charging, compliance and commercial services with the same platform to lower overall client and delivery costs for transport operators across New Zealand, Australia and North America.

For more information please visit www.eroad.co.nz

eroad.co.nz

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