The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.
May 24, 2019
Mary Sticha, a veteran fleet management company executive who held leadership roles with two prominent industry associations, retired earlier this year.
May 8, 2019
Merchants Fleet has signed a 10-year lease to move to a new corporate headquarters that would keep the fleet management company in southern New Hampshire. The new headquarters is slated to open this summer.
January 31, 2019
Merchants Fleet has updated its branding and will no longer be known as Merchants Fleet Management, the company has announced.
January 15, 2019
Element Fleet Management has announced a five-point plan to "reset" its fleet business that includes internal actions, a $150 million operations investment, a $300 million share offering, a purchase and wind-down of its 19th Capital joint venture, and an accountability plan.
October 1, 2018
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.
May 21, 2018
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.
April 2, 2018
Donlen has embraced mobility as a service for some commercial fleets, and has set up an internal team to offer carsharing, ride-hailing, short-term vehicle rentals, and other products, the company's mobility leader told Automotive Fleet.
November 22, 2017
Fleet management companies put in place resources for commercial fleets with vehicles in South Florida that may have suffered damage from Hurricane Irma. They helped drivers locate fuel, identified replacement units, and managed an influx of calls from drivers.
September 7, 2017
LeasePlan N.V. increased revenue, net profit, and the number of vehicles it manages in 2016 with factors such as small and medium fleet leasing, retail leasing, and "low single-digit growth" with corporate clients, the company announced.
March 31, 2017
Wisconsin-based Doering Fleet Management is moving into growth mode to expand from a regional fleet lessor into a national fleet management company.
January 15, 2016
The Financial Accounting Standards Board (FASB) has voted to move forward with a new standard that would require companies and organizations to include lease obligations on their balance sheets, a move that's being greeted with cautious optimism by fleet management companies.
November 12, 2015
PHH Arval could sell for as much as $650 million if the fleet management division were separated from PHH Corp.'s mortgage business, a Wall Street analyst told AutomotiveFleet.com.
February 28, 2014
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