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Toronto-based Element Fleet Management increased gross revenue from its fleet business by 10.5% to $1.47 billion Canadian ($1.14 billion in U.S. dollars) in the first quarter and grew revenue 2.8% to $1.43 billion ($1.11 billion) from the fourth quarter of 2017, the fleet management company has reported.
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The Element-Arval Global Alliance is hosting a webinar on best practices to establish a global fleet operation, which will include live discussions from professional fleet panelists.
Read More →Higher fuel prices and tire costs increased operating costs for commercial fleets in 2017, according to Element Fleet Management, which released its annual Total Cost of Ownership Index.
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Element Fleet Management Corp. reiterated its "strong financial position" including $4.7 billion of liquidity to finance future business in its most recent earnings report released in March.
Read More →In just under six years, Webb has joined the fleet industry, seen it evolve, and risen to become the head of a major fleet management company.
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Element Fleet Management has again been recognized as Supplier of the Year by Axalta, a paint and coating manufacturing company.
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Dan Jauernig, Element's president and COO, has been appointed acting CEO. Element’s board of directors is conducting a CEO search that will include the consideration of external and internal candidates.
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Typical seasonal highs and lows were disrupted this year due to a run of natural disasters destroying hundreds of thousands of vehicles and causing a surge in replacement activity. Overall fleet depreciation improved this year.
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While the way fleets define and perceive executive fleet management has changed in recent years, companies still lean heavily on preexisting methods in executive fleet management as a way to recruit and retain top talent.
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Articles about telematics trends, Element Fleet Management's latest acquisition, and the nominees for fleet manager of the year were among the most popular articles on AutomotiveFleet.com.
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