LeasePlan USA and Wheels Donlen announced the completion of their previously announced combination to create a unified fleet management business. Athene Holding Ltd. (“Athene”) served as the lead investor in the transaction and is the majority shareholder of the newly combined company.
Combining LeasePlan USA and Wheels Donlen creates a corporate mobility solutions leader, with greater scale, enhanced investment capacity and differentiated capabilities to better serve clients globally. The combined company, which today manages more than 800,000 vehicles and $7 billion of assets in the US, will be led by CEO Shlomo Crandus. Matt Dyer. previously CEO of LeasePlan USA, will serve as its President and as a board member of the combined company.
The financial and operational strength of the combined company supports an ambitious go-forward strategy to deliver an enhanced suite of client solutions across fleet, last-mile delivery, trucks and equipment, including greater electric vehicle and digital technology integration.
The ongoing war in the Ukraine has negatively impacted energy markets in a significant way for the unforeseeable future.
Such a scenario coupled with all-time high inflation rates will continue to contribute to volatile prices and make evaluations around trends such as fuel, acquisition, and supply chain even more critical to keep fleets running profitably.
Keeping up with evolving market developments and being agile will position your business to manage fleet costs amidst uncertainty.
By Kevin Dennehy, Editor, Location Business News
Germany-based PTV Group has entered the U.S. fleet tracking market with a new truck navigation app. CEO Christian Haas says the new PTV Truck Navigator G2 optimally complements the existing tracking systems.
PTV Group will use TomTom [TOM2] to power its maps, truck routing and other functions. PTV Truck Navigator G2 will consider a truck’s size, weight, cargo, road hazard restrictions and tunnels to calculate a route, the company said. Much of the route information comes from TomTom’s database of traffic data, historical traffic patterns and predictions, the company said.
TomTom, which has worked with PTV Group in Europe for 10 years, says the expansion will allow businesses to have more accessible location data. “By making fresh and accurate location easily assessable to businesses, we can create safer and more comfortable experiences for drivers and end-customers,” said Mike Schoofs, TomTom Enterprise managing director, in a statement.
How high will gas prices go in 2023? When will the supply chain return to some semblance of normalcy? And what will it take for vehicle availability to finally pick back up?
By Ted Roberts, President, FMW
These days, there are a lot of important questions circling around fleet. Which is exactly why Fleet Management Weekly has teamed up with FLD Remarketing to introduce The Fleet Poll, a bi-weekly poll that will present questions on topics where fleet professionals want deeper insights.
The poll takes less than 30 seconds to answer two multiple choice questions. If you have a topic or question you’d like to know more about - we’d love to have you as a “guest asker” for a future fleet poll.
Vehicle-to-everything turns an EV charging system into a revenue center
By Scott Brierley, Director of Automotive and Strategic Partnerships, Fermata Energy
The conversation around EVs is evolving rapidly, giving fleet managers a new way to measure their fleet’s positive impact on their company’s bottom line. What’s the change? EVs are batteries on wheels that enable fleet owners and operators to earn revenue from their local utility while their EVs are parked.
Vehicle-to-everything (V2X) bidirectional charging systems is the technology that makes this possible. This means that EV charging stations for fleet owners and operators are shifting from a cost center to a revenue generator, reducing the cost of acquiring, owning, and operating EVs.