The Financial Accounting Standards Board (FASB) has voted to move forward with a new standard that would require companies and organizations to include lease obligations on their balance sheets, a move that's being greeted with cautious optimism by fleet management companies.
Element Financial Corp. has closed its acquisition of GE Capital's U.S. fleet business and will now turn its attention toward integrating the two entities, the Toronto-based company announced Aug. 31.
Element Financial Corp. has tapped the leader of the recently acquired GE Capital fleet unit as president and chief executive for its U.S. fleet management company and will shift the existing president to its Toronto-based operation.
Budget cuts forced the Wilmington Housing Authority to reduce its fleet. After implementing a plan, the agency decreased operating expenses by more than $25,000 per year.
The Dutch parent of LeasePlan USA, which is one of the largest global fleet management companies, will be sold to a consortium of investors including pension funds in The Netherlands, Denmark, and Singapore.
By leasing and outsourcing aspects of fleet management, this health care company has added 26 new fleet vehicles to its home care service. Currently, it serves over 1,000 homebound patients in 23 counties across Michigan.
Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
John “Jack” Leary, president of The Motorlease Corp., a fleet management company headquartered in Farmington, Conn., passed away on April 25. He was 60.
Motorlease Corp. has promoted Justin Mesick to controller and Jeffrey Perkins to general manager of fleet operations, the Farmington, Conn.,-based firm has announced.
Similar to fleet leasing, equipment leasing also allows for creative ways to generate working capital and improve cash flow.
From the Automotive Fleet Fact Book
In today’s economy, companies are constantly striving to identify opportunities that optimize their return on investment. As a result, saving money is at the forefront of every fleet manager’s mind.
Understand the key features of using an Online Fleet Management (OFM) System to manage your fleet more efficiently and effectively.
At some point, every fleet faces an important choice: administer a reimbursement program or offer company-provided vehicles. This whitepaper will help you understand your options.
Learn how you can save capital expenses through short-term vehicle leasing for special events, seasonal activities, contract or project fulfillment needs.
Find out the best fleet management services and practices to consider for your fleet.
See how other fleet managers are making vehicle cycling decisions. View our 2008 survey to benchmark your fleet's practices.
How are you reducing fleet costs in this current economy? View our 2009 survey to benchmark your fleet's practices.
Learn how other fleet managers are using short-term vehicles for their fleet. View our 2009 survey to benchmark your fleet's practices.
View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.
Find out all you need to know about leasing - the financial and tax benefits, as well as the management and maintenance programs, incentives and discounts, flexibility in vehicle selection and more.
Your company can free up capital with buyback programs, often referred to as a leaseback program, and reduce asset liability. Download the white paper today to learn more about how buyback programs work.
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