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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.
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The year of 2015 for Fleet Financials brought plenty of updates about executive vehicles and ongoing stories about Element Financial Corp.'s expanding presence in the U.S. fleet management industry. Our top 10 news items also included an analysis of fleet manager salaries and Ford Fusion being named fleet car of the year.
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The annual Roundtable is designed to bring together clients with industry experts to help them gain a deeper insight into fleet trends, emerging technologies, and effective fleet solutions.
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Element Fleet Management gathered customers and industry leaders to discuss fleet business trends, compliance and cost-reduction strategies at their annual Fleet Roundtable event, held Oct. 12-15, 2015, in Hunt Valley, Md. Read the full story here. Photos courtesy of Element Fleet Management.
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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.
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Element Financial Corp.'s fleet management business has named Bradley Howatt as its chief financial officer, the company has announced.
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Jan Panzer, CAFM, has joined Element Fleet Management as a fleet manager.
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A number of variables are keeping fleet operating costs flat, primarily the dramatic drop in fuel prices that began three years ago, but also extended maintenance intervals, and lower commodity prices to manufacture tires.
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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.
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Element Fleet Management has signed a strategic global agreement that brings Telogis' connected vehicle technologies and mobile apps to the fleet management company's commercial fleet customers.
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