The Car and Truck Fleet and Leasing Management Magazine

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September 9, 2016

Element Presenting at Cassandra Summit

Element Financial Corporation's Jim Peregord, vice president for Advanced Analytics at Element Fleet Management will speak at the Cassandra Summit 2016 in San Jose, Calif., the world's largest gathering of Apache Cassandra developers, users and industry thought leaders.

August 16, 2016

Element Doubles Fleet Originations, Triples Service Revenue

Element Financial Corp.'s fleet management business doubled originations in the second quarter compared to the same quarter a year ago, the company has reported.

August 1, 2016

Element Boosts Truck Team

Element Financial Corp. has bolstered its fleet truck sales efforts with eight new hires and promotions that include elevating Brad Hewitt to vice president of national accounts, the company announced.

February 23, 2016

Element Hires IT Consultancy Firm

Toronto-based Element Financial Corp. has hired Tata Consultancy Services (TCS), a Santa Clara, Calif., global information technology firm.

December 31, 2015

Top 10 Automotive-Fleet.com Articles of 2015

Top articles in 2015 included Element Financial's acquisition of GE Capital's fleet business, reasons to avoid driver reimbursement, increasing maintenance costs, and a forecast of how fleet management would look in 2025.

December 23, 2015

Element Financial Closes $4.8B in Funding

Toronto-based Element Financial Corp. has closed $4.8 billion in rated asset-backed security funding that will fuel the company's aggressive move into the U.S. fleet management business.

December 10, 2015

Element Beefs Up Truck Fleet Sales Team

Element Financial Corp. has appointed nine executives to its fleet sales team with the bulk of the appointments specializing in fleet management sales for commercial trucks. The appointments bring together personnel from the recent acquisition of GE Capital's fleet business, Element announced.

December 1, 2015

Element Appoints CFO for Fleet Business

Element Financial Corp.'s fleet management business has named Bradley Howatt as its chief financial officer, the company has announced.

November 2, 2015

Stable Commodity Prices Keep Replacement Tire Costs Flat

Replacement tires are the second highest operating cost for fleets after fuel. During CY-2015, replacement tire prices have remained stable compared to the prior year.

October 14, 2015

Element Further Explains Growth Trajectory

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.

October 5, 2015

General Mills Reshuffles Fleet Roles

Adam Orth, CAFM, has been named fleet services manager of General Mills. He replaces Shawn Dusosky, who moves into a non-fleet role with the company.

September 24, 2015

Element Discusses Integration Strategy

Element Financial Corporation, upon closing its acquisition of GE Capital's U.S. fleet business, has now turned its attention toward integrating two fleet management companies.

September 10, 2015

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.

August 31, 2015

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.

August 24, 2015

Element Names Webb President of Fleet Management Unit

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.

August 4, 2015

Merger Mania Hits Fleet Market, Again

Merger mania is hitting the fleet market once again. We’re hearing about potential OEM consolidations and we now have Element Financial Corp. expanding its foothold in the U.S., with the acquisition of GE Capital Fleet Services on the heels of its recent purchase of PHH.

July 23, 2015

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.

July 21, 2015

Element Financial's President Explains GE Capital Buy

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.

July 20, 2015

Why Element Wants to Buy the Fleet Businesses of GE Capital

Element Financial Corp. has reached a definitive agreement to buy GE Capital's fleet assets in the U.S., Mexico, Australia, and New Zealand. Separately, Arval will acquire the European portion of GE's fleet business.

July 7, 2015

Arval Signs Deal for GE Capital Fleet Services in Europe

BNP Paribas has announced that Arval has signed a memorandum of understanding with GE Capital to potentially acquire its European fleet management business.

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