THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
Element Fleet Management has tapped Jay Forbes as its new chief executive officer to replace the retiring Brad Nullmeyer, and will reshuffle its board, the Toronto-based fleet management company has announced.
Toronto-based Element Fleet Management increased gross revenue from its fleet business by 10.5% to $1.47 billion Canadian ($1.14 billion in U.S. dollars) in the first quarter and grew revenue 2.8% to $1.43 billion ($1.11 billion) from the fourth quarter of 2017, the fleet management company has reported.
International Data Group's CIO magazine has listed Wheels, Inc. on its 2018 CIO 100 as one of 100 global organizations with the "highest level of operational and strategic excellence in information technology," the fleet management company announced.
Merchants Fleet Management has hired a regional sales manager for northern and central California and a manager for its Merchants GuaranteeTRAC resale program, the fleet management company announced.
Donlen has hired Greg Hawes as senior vice president of sales and client relations, the Bannockburn, Ill.-based fleet management company announced.
Wheels, Inc. will begin offering commercial fleet clients access to Uber for Business to allow drivers to utilize the ride-hailing service and centralizing billing of the trips.
The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75% on Wednesday, but hinted at a possible rate hike in June with inflation creeping closer to its 2% goal.
ARI has been recognized as one of the 2018 Best Workplaces in Canada, according to the fleet management company.
The SafeRoads program tracks and prevents distracted driving by eliminating cell-phone use while driving. It will also monitor and track the driver for other risky behaviors such as hard acceleration, speeding, and harsh braking.
Higher fuel prices and tire costs increased operating costs for commercial fleets in 2017, according to Element Fleet Management, which released its annual Total Cost of Ownership Index.
Holman Enterprises has promoted Bob White to president of its fleet management company ARI, and shifted Chris Conroy to a role with the parent company, the Mount Laurel, N.J.-based company has announced.
LeasePlan USA has named Felipe Smolka its senior vice president and transformation officer as the fleet management company expands its executive leadership team.
Donlen experts will participate in six educational sessions at the 2018 NAFA I&E later this month in Anaheim, California.
Element Fleet Management Corp. reiterated its "strong financial position" including $4.7 billion of liquidity to finance future business in its most recent earnings report released in March.
LeasePlan USA has introduced a new feature within the MyLeasePlan mobile app. The feature, called OneScore, is designed to help drivers get feedback on driving styles to improve on potentially risky and inefficient behavior on the roads.
Starting as a used-car dealer, Mike Albert Fleet Solutions is a full-service fleet management company offering open- and closed-end leases, purchase-leaseback options, and a comprehensive suite of fleet management solutions. Read the full story here. Photos courtesy of Mike Albert Fleet Solutions.
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