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Fed Raises Interest Rate, Lowers Growth Forecast

Fed Raises Interest Rate, Lowers Growth Forecast

Federal Reserve Chairman Jerome Powell announced the fourth interest-rate hike of the year while downgrading central bankers' expectations for economic growth in 2018 and 2019.

December 20, 2018

Merchants Hires California Sales, Resale Managers

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.

May 15, 2018

Automotive Fleet's Top 10 Articles of 2016

Automotive Fleet's Top 10 Articles of 2016

Commercial fleet management trends, open-end versus closed-end leasing, Element Financial Corp.'s acquisition of GE Capital's fleet unit, and telematics trends made up the most popular articles of 2016 on AutomotiveFleet.com.

December 28, 2016

Fitch: Lease Accounting Rule Changes Won't Hit Corporate Ratings

New accounting rules that will require companies to include virtually all leases on their balance sheets will not affect credit ratings or the approach Fitch Ratings uses in adjusting leverage metrics to take account of leases, the ratings agency has announced.

March 3, 2016

New Accounting Rules Require All Leases on Balance Sheets

New Accounting Rules Require All Leases on Balance Sheets

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

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