GE Commercial Financial Fleet Services and PHH Arval are the first leasing companies to benchmark commercial fleet resales against Black Book Commercial Index. The index data will be available to fleet managers online and will provide timely and accurate vehicle wholesale values.
Joining a growing list of automotive-related companies forced to reorganize in court due to industry challenges, Performance Transportation Services Inc filed for Chapter 11 protection to reduce debt and streamline operations. PTS ships about 3.8 million vehicles annually for Ford, GM, Chrysler, Toyota and other customers on its three main trucking lines.