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.
Fleet managers must consider a wide range of options when deciding on converting their truck fleet to natural gas.
While OTD remained relatively static overall, year-over-year, delivery times were still above the industry average benchmark of 60 days. Quality holds and recalls impacted some high-volume fleet models.
Element Financial Corporation and GE Capital announced that they have entered into a definitive asset purchase agreement, in which Element will acquire GE Capital’s Canadian fleet portfolio.
While it is tempting to adopt a “more-the-merrier” approach to vehicle spec’ing, fewer specs can actually offer more options, netting happier drivers and fewer administrative headaches.
As John F. Kennedy once said, “History is a relentless master. It has no present, only the past rushing into the future. To try to hold fast is to be swept aside.”
Key factors causing OTD delays were increased vehicle volumes due to continued auto industry sales growth, lengthy quality holds, parts shortages, ongoing railcar shortages, recalls, plant changes, and weather-related issues.
Truck experts from GE Capital Fleet Services explore the myths and realities of spec’ing medium- and heavy-duty work trucks.
Increasing its use of smaller vans and splitting the fleet business units up presented challenges and opportunities for the security services fleet.
Last April’s earthquake in Japan and subsequent tsunami disrupted the automotive supply chain, causing parts shortages, which delayed order-to-delivery times. Extreme weather conditions also impacted vehicle shipments.
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