Milestone at IANA EXPO 2017

A Look Back on IANA EXPO 2017!

Review

IANA EXPO is always a great time to connect & learn! This year presented new opportunities to share with customers

Milestone at IANA EXPO 2017

around how we continue to push intermodal forward through:

  • The growth of America’s newest chassis fleet, launched in the past year, now expanding nationwide!
  • The benefits of reduced M&R (as well as the bottom line) through the use of new equipment.
  • Flexible leasing options, expert service & more!

Thank you to our customers, vendors & friends that joined us at our reception on Sunday. It was wonderful to get together with you to kick off such an incredible few days at IANA EXPO 2017!

 

Milestone Equipment Holdings Promotes Don Clayton to Chief Executive Officer

ST. CHARLES, MO (July 11, 2017) – Milestone is proud to announce that Don Clayton has been promoted to the role of President and Chief Executive Officer, and appointed to the Board of Directors. Clayton joined Milestone in August 2016 as Vice President and Chief Financial Officer. Previously, Don served on the executive team of nationwide industrial distributor HD Supply Waterworks for 11 years, including eight years as Chief Financial Officer. He also served in the financial services practice of global professional services firm PwC for seven years.

“We are very pleased that Don will lead the Milestone organization into the future,” says Tom Juterbock, who represents Barings Alternative Investments on the Milestone Board of Directors. “Since joining Milestone, Don has worked closely with management and the Board to develop and execute the company’s strategic plan, while driving numerous initiatives that will allow the company to capitalize on future growth opportunities.”

“I am honored to continue serving Milestone in this new role,” says Clayton. “The transportation industry is constantly changing and Milestone is positioned to serve the market very effectively with our wide range of products, expert solutions and world-class customer service. We are driven to grow our business by making our customers more successful, while serving as an employer of choice in our industry. It is an exciting time to be part of the Milestone organization.”

 

About Milestone Equipment Holdings, LLC

Milestone is a full-service transportation equipment leasing and asset management company specializing in motor carrier equipment and rail industry intermodal assets including: Chassis, Domestic Containers, Flatbed Trailers, Highway Trailers, Intermodal Trailers (Piggybacks), and Refrigerated Containers and Trailers.

Headquartered in St. Charles, MO with regional offices in Chicago, IL and Kansas City, MO plus our nationwide branch network, Milestone has acquired intermodal and highway fleets for our operations since 1995, while managing and leasing equipment on behalf of institutional and private investors. Customers include Class I Railroads, Truckload Carriers, Less-Than-Truckload Carriers, Drayage Companies, Intermodal Marketing Companies, 3PL’s, Private Shippers, Barge Operators, and Shipping Lines. The Milestone fleet allows all of these industry segments to maximize equipment utilization and transportation efficiency without the burden of owning their own equipment.

Our management services include the origination and administration of leases, arranging debt and equity financing, operating and maintaining equipment in daily rental service, and administrating the returns of equipment portfolios.

Our New Corporate Headquarters

In an ongoing effort to support its growing customer base and in response to a remarkable growth year, Milestone Equipment Holdings, one of the nation’s most comprehensive lessors of transportation equipment, announces its new corporate headquarters in St. Charles, MO, near Interstate 70 and Zumbehl Road.

  • Address: 3050 West Clay Street, Suite 300 St. Charles, MO 63301
  • Telephone Number: 636-238-8896

The new facility will serve as a support hub for the company’s divisional offices in Chicago, IL (Intermodal and Chassis) and St. Charles, MO (Trailer Leasing), and its nationwide branch and depot network. This location will house the majority of the company’s administrative functions such as Finance, Accounting, Risk Management and Human Resources.

“Milestone is focused on providing outstanding service to our customers, while capitalizing on growth opportunities in the transportation sector,” says Don Clayton, Executive Vice President and Chief Financial Officer of Milestone Equipment Holdings. “The construction of our modern new headquarters and the availability of adjacent space for future expansion provide a scalable platform to support that mission, while helping us become an employer of choice for our current and future associates.”

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Since its founding in 1995, Milestone continues to build on superior customer service and flexible solutions. Today, with a combined fleet of over 80,000 domestic chassis, containers and trailers, the company continues to offer customers full service transportation equipment leasing and asset management.

President and Chief Operating Officer, Jordan Ayers, added, “We are fortunate to have some of the most experienced leaders in the industry and this expansion will help us continue to grow and build, while also providing upgraded training facilities for our sales and operations personnel.”

 

Electronic Logging Devices

Source: U.S. Department of Transportation Federal Motor Carrier Safety Administration – Electronic Logging Device

 

About the ELD Rule

The electronic logging device (ELD) rule is intended to help create a safer work environment for drivers, and make it easier, faster to accurately track, manage, and share records of duty status (RODS) data. For carriers using AOBRDs (automatic onboard recording devices) before the rule compliance date December 18, 2017, the rule will replace AOBRDs with ELDs over a four-year implementation period. An ELD synchronizes with a vehicle engine to automatically record driving time, for easier, more accurate hours of service (HOS) recording. The rule applies to most carriers and drivers who are required to maintain RODS.

The ELD Rule:

  • Specifies who is covered by the rule and exceptions to it.
  • Provides for ELDS to be certified, registered, and listed on a FMCSA website.
  • Includes technical specifications to ensure ELDs are standardized and compliant.
  • Includes a phased implementation timeline to give drivers and carriers time to comply.
  • Includes provisions to help prevent data tampering and harassment of drivers.
  • Creates standard data displays and data transfer processes, making it easier to demonstrate compliance and faster to share RODS with safety officials.

 

ELD Rule Impacts

Carriers and Drivers who are subject to the rule must install and use ELDs by the appropriate deadline:

  • Carriers and drivers who are using paper logs or logging software must transition to ELDs no later than December 18, 2017.
  • Carriers and drivers who use AOBRDS prior to the compliance date must transition to ELDs no later than December 16, 2019.
    Enforcement Partners must understand enforcement and compliance procedures during each implementation phase, and which regulatory guidance applies to each.

ELD Manufacturers must conform to ELD technical specifications, certify their ELDs, and register them with FMCSA.

 

What Do I Need to Know?

The ELD Rule applies to most motor carriers and drivers who are currently required to maintain records of duty status (RODS). The rule applies to commercial buses as well as trucks. Canada- and Mexico-domiciled drivers are included, unless they qualify for one of the exceptions to the ELD rule.

ELD Rule Exceptions

The following are not required to use ELDs (but carriers may choose to use ELDs even if they are not required):

  • Drivers who use paper logs no more than 8 days during any 30-day period.
  • Driveaway-towaway drivers (transporting an empty vehicle for sale, lease, or repair).
  • Drivers of vehicles manufactured before model year 2000.

 

What Do I Need to Do?

Carriers must evaluate and select ELDs, and ensure they are installed and drivers and administrative staff are trained to use them by the deadline that applies (December 16, 2019 for carriers using AOBRDs or December 18, 2017) for those using paper logs or logging software.

The Compliance Checklist for Carriers includes additional information.

Drivers must understand and be able to use ELDs by the required deadline, including how to annotate and edit RODS, certify RODS, and collect required supporting documents. You will also need to know how to display and transfer data to safety officials when requested.

The Compliance Checklist for Drivers and the Using ELDs section provide more details.

 

ELD Benefits

  • ELDs make it easier, simpler, and quicker to keep driver logs.
  • ELDs limit mistakes and reduce form and manner errors.
  • ELDs provide information to drivers and motor carriers so that drivers can better manage fatigue and schedule issues.
  • ELDs correctly record location and accurate information to easily track duty status.
  • ELDs are a good management tool and back office asset to improve productivity and enhance compliance.
  • With ELDs, there is less paperwork, and driver logs are orderly, clear, and accurate.

 

Tips for Choosing a Compliant ELD

Below are tips to consider when choosing an ELD, and a checklist of key features and functions that every ELD must provide.
Tips

  • Most Important: Make sure that the specific ELD model you are considering is on FMCSA’s list of registered ELDs. Review the list of registered ELDs here. The vendors on this list have self-certified that their device is compliant with all of the ELD technical specifications, and registered each ELD model with FMCSA.
  • Take a few minutes to research the ELD provider by checking with the Better Business Bureau and looking at online reviews for their products and customer service.
  • While many ELDs may be part of a Fleet Management System (FMS) or include FMS functions, there is no requirement for Fleet Management functionality. An ELD that complies with FMCSA requirements is what is required by the ELD rule.

 

Checklist

Before choosing an ELD, have the vendor verify that its device meets all of the ELD specifications contained in the rule.

While this list is not a complete list of all required ELD functions, at a minimum have the vendor demonstrate or show you all the features and functions in the list below.

 

ELD Feature or Function

  • Provides separate accounts for drivers and administrative (non-driver) ELD users
    Has “integral synchronization” with the engine control module to automatically record engine power status, vehicle motion status, and other data
  • Automatically records all driving time and at intervals of 60 minutes. Records date, time, location, engine hours, vehicle miles, and driver identification
  • Records location with an accuracy of one-mile radius during on-duty driving periods
  • Reduces location accuracy to a 10-mile radius when vehicle is used for authorized personal use
  • ELD time is synchronized with UTC (coordinated universal time)
  • Retains data for the current 24-hour period and the previous 7 consecutive days
  • Prevents tampering; does not allow anyone to alter or erase information originally collected for driver ELD records
  • Requires driver to review unidentified driver records – and either acknowledge assignment of this driving time, or indicate that the records do not belong to the driver
  • Allows a driver to obtain a copy of his/her ELD records on demand – either through a printout or electronic file
  • Supports one of two options for electronic data transfer:
    • Telematic type: using wireless web services or email
    • Local transfer type: using USB2.0 or Bluetooth
  • Displays all required standardized data to authorized safety officials on demand – through a screen display or printout that includes three elements: a daily header, graph grid showing driving duty status changes, and detailed daily log data. The graph grid, if printed, must be at least 6 inches by 1.5 inches
  • Requires driver certification and annotation (written explanation) for any edits to records that are made by the driver or any other ELD user
  • Requires certification of driver records at the end of each 24-hour period
  • ELD provider furnishes user’s manual, instructions for handling malfunctions and record-keeping during malfunctions, and instructions for transferring ELD hours of service records to safety officials
  • Volume control or mute option for any audio feature

Note: The information provided on this website is to help promote understanding of and compliance with the ELD rule – it is not a substitute for the specific requirements documented in the rule.

Giving Is the Reason for the Season

In the spirit of giving back, Milestone Intermodal has recently donated a 53-foot steel container to the Keller Central High School Band in Keller, Texas to help students keep their equipment and props safe and secure, season after season.

“We have been talking about how to reach out and support our communities and for me, both personally and as a senior manager at Milestone, this is exactly what we need to do and where we need to give back,” says Amy Genobles, President of Milestone Intermodal.

Milestone worked in partnership with Kevin Smith of Equipment Management Services in Houston, which donated the cost of delivery of the 53-foot steel container. “It’s a really great feeling to work with vendor partners and have the opportunity to help the community,” says Genobles. “This is bringing it full circle.”

Looking for a solution to their storage situation, Keller Central High School’s Band Booster Association estimated program costs of $1,800 to $3,500 for off-site storage container options for students’ equipment and props.

“[Milestone’s] generosity allows us to use the money we would have spent replacing damaged equipment or paying the cost of other storage options and allows us to invest more in the training, education and needs of our students,” says Gina C. Root, Keller Central High School Band Booster Association Vice President.

It was a wonderful reminder of the power of paying it forward. “The overall satisfaction for us was the response we received from the high school,” says Genobles. “It was overwhelming. It really made me feel proud to be a part of Milestone. We look forward to future opportunities to support not-for-profit organizations locally and nationwide.”

The donated container is currently being converted for use as a storage unit. The finished product and photos to come!

 

Photo courtesy Keller Central High School Band