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December 22, 2008

Former ClosetMaid Fleet Manager Arrested on Fraud Charges

OCALA, FL – Mark Andrews, former fleet manager for ClosetMaid, was arrested Dec. 19 for allegedly bilking the company out of more than a half-million dollars, according to a Florida Department of Law Enforcement report.

Tags: arrest, ATM, Closet Maid, fleet manager , fraud, fuel cards

December 22, 2008

Donlen Shares Holiday Spirit of Giving with Chicago Elementary School

Posing with Santa and Mrs.Claus is (from left) Jenner Principal Zelma Woodson, and Taylor, Max, Angela, and Gary Rappeport, Donlen CEO.

NORTHBROOK, IL – Donlen recently brought Santa, Mrs. Claus, and their helpers to deliver gifts to nearly 400 children at Jenner Elementary Academy of the Arts, most of whom come from low-income families.

Tags: charity, Christmas, Donlen, Jenner Academy of Arts

December 16, 2008

GE Fleet Services Hosts 170+ Attendees at Recent Fuel Online Seminar

EDEN PRAIRIE, MN – GE's free online seminar on the topic of economic uncertainty was well-received by attendees, with 97 percent providing positive feedback about the information received.

Tags: economic uncertainty, GE Capital Solutions Fleet Services , online seminar

December 19, 2008

BREAKING NEWS: White House Throws GM & Chrysler $17.4 Billion Financial Lifeline

WASHINGTON – In an early morning televised announcement, President Bush announced a plan to offer the struggling automakers $17.4 billion in short-term financing, $13.4 immediately available and another $4 billion likely available in February. But the plan comes with strict conditions.

Tags: Auto Industry Bailout, chrysler, Federal Loans, General Motors, White House

December 28, 2008

Ford Fusion Hybrid Draws 41-MPG Rating

2010 Ford Fusion Hybrid

DETROIT – Data compiled by the Environmental Protection Agency confirms that the Ford Fusion hybrid will be the most fuel-efficient mid-size sedan on the market when it arrives this spring, boasting 41 miles per gallon in city driving.

Tags: Ford Fusion Hybrid, fuel efficient cars

January 6, 2009

AFLA Announces New 12-Month Sponsorship Program

ST. PAUL, MN – Sponsorship categories include diamond, platinum, gold, silver, bronze, and copper, with year-round and conference promotion available.

Tags: AFLA, attendees, Automotive Fleet & Leasing Association, mailing lists, promotion, sponsorship opportunities

January 5, 2009

ARI Announces New Executive Appointments

ORTELL

MT. LAUREL, NJ – Automotive Resources International has promoted Carl Ortell to executive vice president and COO and Brian Bates to senior vice president – finance.

Tags: ARI, Automotive Resources International , chief operating officer, executive vice president, senior vice president – finance

December 31, 2008

Texting While Driving Banned in California

LOS ANGELES – Effective Jan. 1, it is illegal to compose, send, and read a text, instant message, or e-mail, as well as browse the Web from any mobile device while operating a motorized vehicle in California.

Tags: ban, California law, distractions, hands-free, legislation, texting while driving

December 15, 2008

Falato Assumes Responsibility for Benjamin Moore's Canadian Fleet Operations

MONTVALE, NJ – Rosalie Falato, S G & A procurement agent for Benjamin Moore & Company, has assumed responsibility for the company's Canadian fleet operations.

Tags: Benjamin Moore & Company, Canada, fleet operations , S G & A Procurement Agent

January 9, 2009

Arraignment Set for ClosetMaid Fleet Manager Arrested on Fraud Charges

Photo of Andrews from Marion County Sheriff's Office

OCALA, FL – According to Marion County Clerk records, an arraignment for Mark Alan Andrews, the former ClosetMaid fleet manager arrested Dec. 19, is scheduled Jan. 20.

Tags: arraignment, arrest, Charges, ClosetMaid, company credit cards, fleet manager , fraud, fuel cards

December 30, 2008

Cobra to Distribute Mobileye's Vision-Based Driver Assistance Systems throughout Europe

LOS ANGELES and VARESE, Italy – Cobra Automotive Technologies and Mobileye Vision Technologies will collaborate in selling the Mobileye Advance Warning System throughout Europe to passenger cars, light commercial vehicles, insurance companies, and original equipment suppliers.

Tags: Cobra Automotive Technologies, distribution agreement, Mobileye Vision Technologies

January 5, 2009

Ryder to Acquire Edart Leasing in Northeast U.S.

MIAMI – Ryder System, Inc. has reached an agreement to acquire substantially all the assets of the full service truck leasing, commercial truck rental, and contract maintenance businesses of Edart Leasing Company.

Tags: acquisition, agreement, Edart Leasing Company LLC, Ryder System, Inc.

December 19, 2008

PHH Funding Terms Revised

MT. LAUREL, NJ – PHH Corp. announced that lenders agreed to new terms on its debt, reducing the capacity of a series of notes from $3.9 billion to $3.5 billion.

Tags: debt, funding, PHH Corporation, terms

December 18, 2008

Who Will Compete for the 2009 Professional Fleet Manager of the Year Award?

Jim Frank, Wheels Inc. CEO, (right) presents the Fleet Manager of the Year Trophy to 2008 winner Joe LaRosa.

TORRANCE, CA – For the 2008 award, 15 qualified candidates vied for the title of "Professional Fleet Manager of the Year." Who will make the cut this year?

Tags: 2009 Fleet Manager of the Year, Automotive Fleet, Award, nominations

December 15, 2008

CEI's DriverCare Online Library Offers 100+ Safety Articles

TREVOSE, PA – CEI's DriverCare Risk Manager clients are using its online library of more than 100 safety articles for driver training, one-on-one coaching sessions, and as period safety refreshers.

Tags: CEI, DriverCare Risk Manager, online library, safety articles



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Predictions for Fleet in 2009

By Mike Antich
When looking ahead to the next 12 months, I foresee reduced operating costs for fleets offset by increased depreciation expense caused by anemic resale values and decreased incentive monies. Here’s why I believe this will be the case, along with other predictions for 2009.

2008: One of the Worst Years in Fleet History

By Mike Antich
I can’t recall a year as tumultuous as 2008. The year started with the Jan. 1 termination of the $1.8 billion merger between GE and PHH and ended with the near bankruptcy of GM and Chrysler. In between, we witnessed record fuel prices, then a spectacular freefall in fuel prices, a dismal used-vehicle market, unprecedented credit gridlock, the inability of some fleets to order new-vehicles, and fleet delivery disruptions due to a UAW strike and an epic Midwest flood that submerged rail lines.

Fleets Scramble to Cope With Extended Plant Shutdowns

By Mike Antich

Forecast for 2009: A Litany of Uncertainty

By Mike Antich

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