February 9, 2016 - Industry News
The former CEO of USA Dry Van Logistics and two other former employees were handed prison sentences by a Texas federal court for conspiring to defraud GE Capital.
Tags: GE Capital, Crime & Fraud, Court Ruling, Fraud
June 29, 2015 - Industry News
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.
Tags: GE Capital Fleet Services, GE Capital, Element Financial, Mergers & Acquisitions, Equity Markets, Fleet Management Companies
June 26, 2015 - Industry News
GE Capital has released a national survey of middle-market trucking company executives examining the financial performance, operational issues and economic outlook of trucking businesses.
Tags: GE Capital, Industry Research, Survey
May 29, 2015 - Global News
GE Capital Canada has signed a commercial agreement with Shell Canada Products to facilitate the Canadian trucking industry’s adoption of liquefied natural gas (LNG), the fleet management company announced.
Tags: Canada, Shell, Heavy-Duty Trucks, Natural Gas Vehicles, LNG, GE Capital
April 13, 2015 - Industry News
General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.
Tags: GE Capital Fleet Services, Fleet Management Companies, Mergers & Acquisitions, Equity Markets, GE Capital
February 12, 2015 - Industry News
Driver shortages, driver turnover and regulations could all affect the potential growth of the trucking industry in 2015, according to analysis from GE Capital.
Tags: GE Capital, Driver Shortage, Truck Orders, Freight, Industry Trends
October 21, 2013 - Industry News
GE Capital's Transportation Finance business and Clean Energy Fuels Corp. have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.
Tags: GE Capital, Natural Gas Vehicles, Clean Energy, Liquefied Natural Gas, Natural Gas Fueling Station
September 17, 2013 - Industry News
The U.S. Attorney’s Office for the Southern District of Texas has announced two convictions resulting from a plan to defraud a lender out of millions of dollars.
Tags: GE Capital, Fraud
September 4, 2013 - Industry News
Former trucking company executives Sergio Lagos, Aurelio “Jim” Aleman, and Oscar Barbosa were arrested following the return of a six-count federal indictment charging wire fraud and conspiracy to commit wire fraud.
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