Fleet Management Companies

Element Fleet Management Names New CFO

Element Fleet Management has appointed Frank Ruperto as its chief financial officer, who will assist Element in the execution of its organic growth strategy, according to the company.

Element Appoints Former FedEx Executive to Board of Directors

Element Fleet Management announced that Virginia Addicott has joined the Company’s Board of Directors. She brings a wealth of experience in transportation, shipping and logistics, as well as a proven track record as a digital transformation leader.

Merchants Fleet Expands Last-Mile Fleet Program

Merchants Fleet and OneRail are launching a national fleet rental and leasing program for its logistics partners, which will enable business growth for the logistics partners through reduced vehicle costs.

Merchants Fleet Secures $50 Million in Growth Financing from Bain Capital Credit

Merchants Fleet has secured $50 million in growth financing that will enable the fleet management company to further accelerate its growth and expansion in the industry.

Register for AF’s Webinar on Fleet Procedures to Minimize the COVID-19 Contagion

Automotive Fleet is quickly preparing a webinar on how fleet managers can best handle the COVID-19 virus.

Operating Costs Inch Up for Second Consecutive Year

Fleet operating costs increased in CY-2019 due to higher PM costs, ongoing pressure to increase maintenance labor rates to address the widespread tech shortage, and higher prices for commodities to manufacture replacement tires.

In Memoriam: Merchants Founder Bernice Singer

Bernice Siegel Singer, who founded what would become Merchants Fleet, has died at her home in Manchester, N.H. She was 94.

IRS Depreciation Limit Update Should Minimally Impact Fleets

The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.

Element Senior Exec Sticha Retires

Mary Sticha, a veteran fleet management company executive who held leadership roles with two prominent industry associations, retired earlier this year.

Element Strengthens Balance Sheet

Element Fleet Management Corp. recorded a profitable first quarter, as it strengthened its balance sheet with $150 million in planned benefits from its company transformation plan that was announced in October.

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