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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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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.
Read More →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 →What are the considerations for your fleet today, when it comes to 2007 diesel emission standards?
Read More →EDEN PRAIRIE, MN – GE Capital Solutions Fleet Services has added Point-of-Interest information uploading and Geofencing functionality to its Telematics product.
Read More →DANBURY, CT – GE Capital Solutions' Transportation Finance unit has launched a dedicated group to focus entirely on customers in the refuse industry, specifically businesses with $5 million to $100+ million in sales.
Read More →Transportation Finance unit to focus on long-term relationships with mid-market firms.
Read More →DANBURY, CT — GE Capital Solutions' Transportation Finance unit has launched a full range of financial solutions, from leases and loans to wholesale floor plan financing, to the medium-duty truck sector (classes 4-7) specifically targeting operators and dealers of small and medium fleet sizes.
Read More →The company's transportation finance unit revs up for 2007.
Read More →NORWALK, CT – GE Commercial Finance Corporate Lending has provided a $130 million cash flow credit facility to JHT Holding, Inc., a truck transport services company. GE Capital Markets arranged and syndicated the transaction and also provided JHT with interest rate risk management products and services.
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