July 29, 2008
DES PLAINES, IL – Wheels, Inc. hosted its first Fleet Summit, "Driving Thoughtful Fleet Solutions," last week in Arlington Heights, Ill.
Tags: Chicago, economic trends, fleet budget, Fleet Summit, Wheels, Inc.
June 20, 2008
ROLLING MEADOWS, IL – LeasePlan USA has been named one of "Chicago's 101 Best and Brightest Companies to Work For" by the National Association for Business Resources.
Tags: Chicago, LeasePlan USA
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By Mike Antich The number one threat to fleets continues to be the price of fuel, despite the fact that fuel prices have been declining due to the global economic slowdown. Year-to-date, the cost of fuel has increased 30 percent in 2008 compared to 2007. The Energy Information Administration is projecting fuel to average $3.82 per gallon in calendar-year 2009. Fuel is the potential game changer of the fleet industry. Consider two recent examples as harbingers of things to come.
By Mike Antich Today, Oct. 7, the Federal Reserve Board announced that it is invoking emergency powers to create a special fund to support the U.S. commercial paper market. The announcement by the Federal Reserve allows corporations to bypass the current credit gridlock gripping the nation’s economy. This has an impact on the fleet market since one source of financing for large fleets is the commercial paper market.
By Mike Antich
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