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Element Fleet Management

Element’s Australian Subsidiary Secures $1B in Funding

Custom Fleet has secured a $1 billion borrowing facility which will provide funding to facilitate continued growth of its business.

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Element Names Forbes CEO, Refreshes Board

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.

Element's Fleet Revenue Rises From Year Ago

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.

Element-Arval Global Alliance Hosting Webinar on Best Global Fleet Practices

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.

Fuel, Tires Drive Operating Costs Higher: Element

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.

Element Touts 'Strong Financial Position' in Earnings Report

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.

Meet Element's Kristi Webb

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.

Element Receives Supplier of the Year Award

Element Fleet Management has again been recognized as Supplier of the Year by Axalta, a paint and coating manufacturing company.

Element Fleet's CEO Nullmeyer Retires

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.

Top Trends in Executive Fleet Management

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.