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Fleet Management Companies

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.

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.

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.