All such forward-looking statements speak only as of the date of this Annual Report. You are cautioned not to place undue reliance on such forward-looking statements. Further, we do not operate a non-asset-based freight brokerage business. We act as a self-insurer for property damage to our tractors and trailers. There are two methods of evaluating the safety and fitness of carriers. We had ELDs (not AOBRs) installed on 100% of our fleet by the December 2019 deadline. The final rule became effective in January 2017, with a compliance date in January 2020. It is unclear if, and when, a final rule may be put in place. The United States Mexico Canada Agreement ("USMCA") was entered into effect in July 2020. Information on our website is not incorporated by reference into this Annual Report. We are also responsible for our legal expenses relating to such claims. We reserve currently for anticipated losses and related expenses. At our last policy renewal in April 2020, we reduced our excess insurance coverage. However, we cannot assure you these measures will be effective. The outbreak of COVID-19 has significantly increased economic and demand uncertainty.
