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January 15, 2016 - Industry News

Doering Fleet Management Grows Operation

Photo courtesy of Doering Fleet Management.

Wisconsin-based Doering Fleet Management is moving into growth mode to expand from a regional fleet lessor into a national fleet management company.

Tags: Fleet Management Companies, Truck Leasing

November 12, 2015 - Industry News

New Accounting Rules Require All Leases on Balance Sheets

Photo via FASB.org.

The Financial Accounting Standards Board (FASB) has voted to move forward with a new standard that would require companies and organizations to include lease obligations on their balance sheets, a move that's being greeted with cautious optimism by fleet management companies.

Tags: Fleet Management Companies, Accounting, Open-End Leases, Closed-End Leases

November 3, 2015 - Industry News

Ryder Extends Beverage Fleet Lease to 10 Years

Photo of refridgerated Freightliner straight truck courtesy of Ryder.

Ryder System will begin offering 10-year full-service leases to beverage fleets to meet that industry's need for a longer lease term with trucks that accumulate less annual mileage, the company has announced.

Tags: Truck Leasing, Ryder System, Food and Beverage Fleets

October 30, 2015 - Press Release

Motorlease Receives Lifetime Achievement Award From AALA

Photo courtesy of Motorlease.

Motorlease Corp. received a special Lifetime Membership award from the American Automotive Leasing Association (AALA) at the association's Sept. 29 annual meeting in Washington, D.C.

Tags: Motorlease Corporation, Fleet Management Companies, Awards, AALA

October 22, 2015 - Industry News

Enterprise Fleet Invests $100M in Tech Upgrades

Enterprise Fleet Management has implemented a $100-million technology upgrade that includes greater use of tablets by sales staff and several new web-based fleet management tools.

Tags: Enterprise Fleet Management, Online Tool, Information Technology, Fleet Management Companies

October 16, 2015 - Press Release

Element Hosts 2015 Fleet Roundtable

Photo of Kristi Webb speaking at the Element Fleet Roundtable courtesy of Element.

Element Fleet Management gathered a record 300 customers and industry leaders to discuss fleet business trends, compliance and cost reduction strategies at the 18th annual Fleet Roundtable event, held Oct. 12-15 in Hunt Valley, Md.

Tags: Fleet Management Companies, Fleet Events, Element Fleet Management

October 14, 2015 - Industry News

Element Further Explains Growth Trajectory

File logo

Element Financial Corp. has provided additional details about strategy for growing its fleet management business with acquisitions, technology investment, and an agreement for additional rail capacity.

Tags: Fleet Services, Information Technology, Mergers & Acquisitions, Element Fleet Management, Fleet Management Companies

September 10, 2015 - Industry News

Element Names Leadership Team for North America

Toronto-based Element Financial Corp. has named the senior leadership team that will lead the company's North American fleet management business based in Maryland and Minnesota.

Tags: Fleet Management Companies, Promotions, Element Fleet Management

August 31, 2015 - Industry News

Element Financial Closes Acquisition of GE's Fleet Unit

Element Financial Corp. has closed its acquisition of GE Capital's U.S. fleet business and will now turn its attention toward integrating the two entities, the Toronto-based company announced Aug. 31.

Tags: GE Capital Fleet Services, Mergers & Acquisitions, Element Fleet Management

August 24, 2015 - Industry News

Element Names Webb President of Fleet Management Unit

Webb (left) and Halliday

Element Financial Corp. has tapped the leader of the recently acquired GE Capital fleet unit as president and chief executive for its U.S. fleet management company and will shift the existing president to its Toronto-based operation.

Tags: Fleet Management Companies, C-Suite, Element Fleet Management

August 5, 2015 - Industry News

Merchants Forms Strategic Alliance with Alamo Leasing

Merchants' owners (clockwise from upper left) Jeffery Singer, Michael Sydney, Gary Singer, and Robert Singer

Merchants Fleet Management has formed a strategic alliance with Alamo Leasing, a Texas-based fleet leasing company that specializes in the hospitality, healthcare, and oil & gas industries.

Tags: Merchants Fleet Management, Fleet Management Companies

August 4, 2015 - Industry News

Texas Convenience Stores Enlist Ryder Box Trucks

Photo courtesy of Ryder.

The Greater Houston Retailers Cooperative Association has outsourced its fleet operations by signing a full service leasing agreement with Ryder System for 25 medium-duty box trucks, Ryder has announced.

Tags: Medium-Duty Trucks, Ryder System, Convenience Stores, Box Trucks, Outsourcing, Full-Service Leasing

July 23, 2015 - Industry News

Element-GE Capital Fleet Acquisition Clears Regulatory Hurdle

The U.S. Federal Trade Commission has granted early termination to the waiting period under an anti-trust law for Element Financial Corp. to acquire GE Capital's fleet management unit.

Tags: Regulations, GE Capital, Mergers & Acquisitions, Element Fleet Management

July 23, 2015 - Industry News

Investor Consortium to Acquire LeasePlan Corp.

Photo courtesy of LeasePlan.

The Dutch parent of LeasePlan USA, which is one of the largest global fleet management companies, will be sold to a consortium of investors including pension funds in The Netherlands, Denmark, and Singapore.

Tags: LeasePlan, Mergers & Acquisitions, Fleet Management Companies, Private Equity, Investors

July 21, 2015 - Industry News

Element Financial's President Explains GE Capital Buy

Nullmeyer

The president of Element Financial Corp. provides the strategic thinking and explains the impact on the fleet industry of the company's acquisition of GE Capital Fleet Services in an exclusive interview with Automotive Fleet.

Tags: GE Capital Fleet Services, Element Fleet Management, Mergers & Acquisitions, Automotive Fleet

June 30, 2015 - Industry News

GE Capital Fleet to Offer Electronic Truck Compliance System

CLARK

Through a partnership with J.J. Keller & Associates Inc. and Verizon Networkfleet, the new telematics offering will provide companies, including those with medium-duty fleets, with enhancements including electronic hours of service and driver vehicle inspection reports.

Tags: J.J. Keller, Hours of Service, GE Capital Fleet Services, Verizon

June 29, 2015 - Industry News

Element to Acquire GE Capital's Fleet Business

File photo of GE Capital Fleet's Vehicle Innovation Center in Eden Prairie, Minn.

Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.

Tags: GE Capital Fleet Services, GE Capital, Element Fleet Management, Mergers & Acquisitions, Equity Markets, Fleet Management Companies

June 26, 2015 - Press Release

Element Fleet Adds Two to Truck Sales Team

Hepler

Element Fleet Management has appointed two new sale associates to its equipment financing sales and business development team in the East region, the fleet management company has announced.

Tags: Fleet Management Companies, Element Fleet Management, New Hire

June 3, 2015 - Industry News

Ford Donates Transit Vans to Red Cross Fleet

Photo of American Red Cross Transit courtesy of Ford.

Ford Motor Company Fund has donated five Ford Transit vans to the American Red Cross to add to the company's fleet of more than 3,000 vans that support disaster relief.

Tags: Ford Transit, American Red Cross, Emergency Response Vehicles, Disaster Relief, Non-Profit Fleets

May 21, 2015 - Industry News

Element Financial Raising $2.5B for Acquisition

Toronto-based Element Financial Corp. will raise $2.5 billion Canadian ($2.05 billion) in corporate debt to fund an unidentified acquisition that must be completed by the end of the year.

Tags: Element Fleet Management, Mergers & Acquisitions, Bond Financing

May 6, 2015 - Industry News

Paccar Offers Medium-Duty Leasing Program

Photo of Kenworth T270 medium-duty truck model courtesy of PACCAR.

Paccar Leasing Company (PacLease) will begin offering a medium-duty leasing program called the PacLease Value Spec, the truck maker has announced.

Tags: Peterbilt, Medium-Duty Trucks, Kenworth, Paccar, Truck Leasing, Class 6, Private Fleets

April 16, 2015 - Industry News

LeasePlan Sale Talks Terminated

Photo courtesy of LeasePlan.

Discussions about the possible sale of LeasePlan Corp. have ended after the global fleet management company's Dutch parent and a group of investors were unable to reach an agreement.

Tags: LeasePlan, Fleet Management Companies, Mergers & Acquisitions

April 13, 2015 - Industry News

GE to Sell Fleet Management Unit by 2018

General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.

Tags: GE Capital Fleet Services, Fleet Management Companies, Mergers & Acquisitions, Equity Markets, GE Capital

March 20, 2015 - Press Release

Fleet Response Hosts Client Advisory Board Meeting

Fleet Response recently hosted members of the 2015 Client Advisory Board at Acqualina Resort & Spa in Sunny Isles Beach, Fla.

Tags: Fleet Response, Fleet Management Companies

March 11, 2015 - Industry News

City 'Getting Ripped Off' in Leasing Deal, Councilman Says

A Flint, Mich., City Council member says city taxpayers are "getting ripped off" in a $2 million vehicle leasing deal with Enterprise Fleet Management.

Tags: Enterprise Fleet Management, Elected Leaders

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