
A top priority for the two merged companies is to develop a common fleet platform. Currently, each legacy company continues to operate on separate platforms. Following a six-month study, here’s the strategy they unveiled.
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Fleet fixed and operating costs are increasing across the board, in particular fuel prices, higher acquisition costs, lower incentives, and unscheduled maintenance expenses. The forecast is for fleet expenses to increase for the next three years.
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The earlier COVID lockdowns precipitated a perfect storm that amplified pandemic-induced labor constraints and that exacerbated the pre-existing shortages of automotive service techs and CDL drivers for Class 3-8 trucks.
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This move will extend service offerings for Select 1 Transport by adding a fleet of open car haulers and expand new product delivery capability for OEMs, with a presence on the West Coast.
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The four senior vice presidents take on key roles within a much larger company since AAA was acquired by XLerate Group in December 2021.
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FastLane will be the anchor asset for EBlock to expand its reach by enabling digital dealer-to-dealer buying and selling, positioning EBlock for further reach in the U.S. Midwest.
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The agreement is closely aligned with KAR’s digital strategy, and will allow KAR to focus on its portfolio of digital marketplaces.
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The complementary deal enables the make of sustainable solar panel chargers to offer more energy density and boost the company's battery supply chain.
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He assumed the position in November 2021 and is headquartered in Brussels, Belgium.
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The combined auction companies will have 39 locations across 19 states, making it a new powerhouse in the remarketing industry.
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