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June 24, 2019 12:30 PM, EDT

ERoad Reaches Production Milestone

ERoad ELD ELD by ERoad

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ERoad recently installed its 100,000th telematics unit, according to a company press release.

The global telematics industry could be worth $750 billion by 2030, Eroad said, citing a report by McKinsey & Co.

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Company officials said although many commercial vehicle operators have been early to recognize the improved fuel economy, efficient regulatory compliance and more effective management of vehicle fleets delivered through telematics, there is relatively low penetration of telematic services within each country.

ERoad said its business model has pioneered “regulatory telematics,” entering new markets on the back of transportation regulatory reform.

ERoad said it implemented the world’s first GPS-based nationwide road-user charging system, and North America’s first independently verified electronic logging device.

The 100,000th unit was bought for the fleet of Hilton Haulage Ltd. Partnership in Timaru, New Zealand.

ERoad said it operates across New Zealand, Australia and North America. ERoad North America is based in Tualatin, Ore. — Transport Topics