EDEN PRAIRIE, Minn.--16 May 2011-- GE Capital Fleet Services today announced $59 million in identified customer cost savings for the first quarter of 2011. GE Capital Fleet Services helps customers identify ways to cut costs and optimize returns on their fleet investments through complimentary analytics and consulting services. Total identified cost savings for customers in 2010 totaled $326 million.
Sale, Manchester, 7 April 2011: Two key appointments have made as GE Capital UK strengthens its light commercial vehicle leasing operation.
Simon Cook, who has been in the commercial vehicle industry for more than quarter-of-a-century, has been named as LCV Leader. Most recently, Simon was heading up the sales and operations team at TLS Vehicle Rental.
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- Popularity of outright purchase drops from 38% of fleets to 17%
- Contract hire increases from 42% to 66% in the same period
Sale, Manchester, 7 April 2011: Use of outright purchase as a method of acquiring company cars and vans may have fallen by more than half in the last 18 months, according to the latest quarterly Company Car Trends survey from GE Capital.
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- 35% predict an increase in car fleet numbers in the next six months
- 38% expect economy to "improve slightly" through remainder of 2011
Car fleet managers are cautiously optimistic about economic prospects for the remainder of 2011, according to the latest quarterly Company Car Trends survey, from GE Capital, Fleet Services.
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- Set to overtake safety in rankings of key fleet factors within a year
- Fleet running costs remain in leading position
Fuel costs will be the fastest rising item on the fleet industry agenda during the next 12 months, according to GE Capital, Fleet Services latest quarterly Company Car Trends survey.
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EDEN PRAIRIE, Minn.--09 May 2011-- Corporate fleet managers rate higher and more volatile fuel prices as their top concern in 2011, according to a recent survey conducted by GE Capital Fleet Services. More than a quarter of respondents (29 percent) said the recent spike in fuel prices has made this issue their top concern, up from 12 percent a year ago.
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EDEN PRAIRIE, Minn.--27 April 2011-- GE Capital Fleet Services announced today that its Environmental Performance Services with Mobile Resource Intelligence were reapproved as a GE ecomagination product, confirming the significant operating and environmental performance improvements they deliver to customers. As part of the GE ecomagination portfolio, they are reviewed regularly to confirm their performance claims.
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Rising diesel prices, a driver shortage, complying with government regulations and maintaining aging fleets are significant concerns
IRVING, TX -- Nearly three-quarters (71%) of trucking company executives surveyed by GE Capital, Transportation Finance expect business conditions to improve in 2011 but they are concerned about the impact of external and internal factors on their profit margins. The rising price of diesel, a nationwide shortage of drivers and the twin costs of complying with government regulations and maintaining their own aging fleets are all significant concerns.
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EDEN PRAIRIE, Minn.--18 April 2011-- GE Capital Fleet Services today announced the results of its 16th annual fleet passenger car maintenance study, which found that overall fleet car maintenance costs remained flat in 2010 compared to 2009. Maintenance costs stabilized due to an increase in vehicle replacement in 2010.