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PHH Arval has launched three new technology platforms to help clients gain additional data about their vehicles, the fleet management company announced today.
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Element Financial Corp. is expected to finalize the purchase of PHH Corp.'s fleet leasing unit for about $1.35 billion in about two weeks, according to a Reuters report quoting a source familiar with the matter.
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PHH Arval has elevated three executives to new leadership roles, including elevating an executive to head its North American business development efforts, the fleet management company has announced.
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The PHH Arval Energy Conference has spent more than 20 years educating and informing its energy industry clients on how to make the most of their fleets.
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Rightsizing a fleet, whether it means reducing the number of vehicles or transitioning to smaller, more fuel-efficient models, can create resentment and frustration among drivers, causing them to resist the initiative.
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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.
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PHH Arval has opened its first commercial truck center in the country in Virginia Beach to offer its off-lease truck inventory, the fleet management company announced Thursday.
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Technology is key factor in fleet managers' ability to be efficient and productive. Read a representative sampling of some of the newest technological options available from telematics and fleet management companies.
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PHH Corp. has entered talks to possibly sell its fleet management unit to Element Financial Corp., a financial and fleet management company that has partnered with GE Capital Fleet Services in Canada.
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PHH Corp. removed the interim label from Jim Halliday's title, naming him president of the company's PHH Arval fleet management division. Halliday has been serving as interim president since Dec. 20, when he replaced George Kilroy, who resigned.
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