SPARKS, MD – PHH Arval has won an American Business Award, also known as a "Stevie" award. The company won for PHH GreenFleet, a comprehensive program to reduce greenhouse gas emissions, in the category "Best New Product or Service."

Fleets managed by PHH Arval that have fully implemented PHH GreenFleet have reduced their emissions on average by 14 percent and lifecycle operating costs by four percent, according to PHH. The program has also enabled the company to improve its miles per gallon (mpg) by up to 20 percent.