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According to GE Capital Fleet Services, the move comes at a time of strength for fleet services, which is coming off of strong financial performance, the launch of new service offerings for customers and the opening of the new Vehicle Innovation Center at its headquarters in Eden Prairie, Minn.
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READING, PA – Penske Truck Leasing Co., L.P. announced that it has completed a series of transactions that include $700 million of new equity investments from its existing partners, Penske Corporation, Penske Automotive Group and General Electric Capital Corporation, and a new $1.0 billion five-year unsecured senior credit facility with a group of 17 financial institutions.
Read More →TIBURON, CA & BURNHAM, IL – Milestone Equipment and Scrap Metal Services entered into a new joint venture Scrapstone Intermodal Services, LLC with the acquisition of 7,300 intermodal dry van trailers from GE Capital on October 24.
Read More →NORWALK, CT - GE Capital, Navistar International Corporation, and Navistar Financial Corporation (NFC), jointly announced an expanded financing relationship under which GE Capital will become Navistar's preferred provider of retail financing solutions to support sales of Navistar trucks and school buses in the U.S.
Read More →The new design is organized by drivers, vehicles, reports and includes multi-language access.
Read More →The new service combines timely manufacturer vehicle data with an easy-to-use workflow tool.
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The key reason for the increase was the cost of fuel, in particular, diesel fuel. This has also led to price increases for other oil-based products such as tires, which increased 4% to 7% in the past year. Other PM costs remained flat.
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Telematics is currently a hot button with fleets. Will the return be worth the initial investment? Many fleets are finding that when used properly, telematics can save a fleet money and pay for itself.
Read More →On Jan. 1, PHH Corp. terminated the $1.8 billion merger agreement because it was not consummated by the stipulated Dec. 31, 2007 deadline. The key problem was Blackstone’s inability to fund its acquisition of PHH Mortgage.
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