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PHH Arval, a global fleet management services provider, opened its commercial truck center in Virginia Beach, Va. Commercial Truck Center of Virginia is the company's first in the country to focus on used light, medium and heavy-duty trucks.
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PHH Corp. has entered talks to possibly sell its fleet management unit to Element Financial Corp., a financial and fleet management company that has partnered with GE Capital Fleet Services in Canada, reports The Deal Pipeline.
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