As we all know, General Electric (GE) has exited the fleet management industry after a three-decade presence, which started in 1984 when GE Credit Corp. purchased Kerr Leasing, a small family-owned leasing company in Englewood, Colo. What is not well known is why GE entered the fleet management industry in the first place. Here is the prologue or “back story” that was the catalyst to GE’s entry into the fleet business.
Merger mania is hitting the fleet market once again. We’re hearing about potential OEM consolidations and we now have Element Financial Corp. expanding its foothold in the U.S., with the acquisition of GE Capital Fleet Services on the heels of its recent purchase of PHH.
Element Financial Corp. has reached a definitive agreement to buy GE Capital's fleet assets in the U.S., Mexico, Australia, and New Zealand. Separately, Arval will acquire the European portion of GE's fleet business.
A survey from the fleet management company examines opinions by top executives about financial performance, operational issues, and the economic outlook of the fleet industry.
GE Capital Fleet Services has announced an agreement with VNG.co that allows its customers to access the fuel provider's CNG refueling infrastructure for light-duty fleet vehicles.
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp. have entered into an alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.
The average replacement tire cost per month rose 15 percent, and, on a cost-per-mile basis, rose 10 percent in 2012 compared to 2011. There are a variety of factors influencing tire costs, such as commodity prices and increased global demand; however, the industry-wide retail trend to larger diameter OE tire sizes is a key factor in driving up replacement tire prices in the past decade.
LAS VEGAS – Vehicle fleet operators using the plug-and-play on-site fueling solution can save about 40 percent in fuel costs, according to the companies.
EDEN PRAIRIE, MN – The new website provides interactive tools that can help fleets learn how to reduce costs, improve fleet performance, and increase productivity via alternative-fuel strategies.
Green Fleet magazine spoke with Deb Frodl, the Chief Strategy Officer for GE Capital Fleet Services & GE’s Global Alternative Fuels Leader, about the new facility, how it fits into the company’s business strategy, and the future of alternative-fuel vehicle adoption in the fleet industry.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
