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Increased fleet orders for trucks and vans created backlogs at upfitter facilities, increasing lead times and missed ship-thrus. A shortage of rail autorack carriers further delayed deliveries. Despite this, order-to-delivery for most units was similar to 2017.
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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.
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Merchants Fleet Management has hired Candice Groth as director of purchasing for the Hooksett, N.H.-based fleet management company.
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Driving Dynamics, Inc. has hired Tracy Caldwell as its risk and safety services consultant for the Newark, Delaware-based provider of driver training to fleets in North America.
Read More →Several analysts have boosted earnings estimates for Element Fleet Management for the first quarter of 2019, following the company's Aug. 14 quarterly earnings report.
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Amerit Fleet Solutions closed a minority investment from Element Fleet Management Corp., which will expand its maintenance services for customers of the fleet management company.
Read More →Element Fleet Management’s president and chief operating officer Dan Jauerning is retiring from the fleet management company effective July 31, 2018.
Read More →Element Fleet Management has appointed Vito Culmone as its chief financial officer to replace Samir Zabaneh, who has resigned to pursue another role in the financial technology industry, the fleet management company has announced.
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Custom Fleet has secured a $1 billion borrowing facility which will provide funding to facilitate continued growth of its business.
Read More →Element Fleet Management has tapped Jay Forbes as its new chief executive officer to replace the retiring Brad Nullmeyer, and will reshuffle its board, the Toronto-based fleet management company has announced.
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