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Element Fleet Management

Harvey Nearly Halts Commercial Fleet Activity in Houston

Heavy flooding from what is now Tropical Storm Harvey has disrupted commercial fleets in the Houston area, as corporations and fleet management companies have begun reaching out to their employees and fleet drivers to ensure their safety and assess damage to fleet vehicles.

Driving Dynamics Acquires Element's CTS Training Unit

Driving Dynamics has acquired the Center for Transportation Safety (CTS) from Element Fleet Management in a deal that will expand its own fleet driver training and preserve the fleet management company's safety offering to its own clients, Driving Dynamics has announced.

Element Announces Senior Leadership Changes

Sparks, Md.-based Element Fleet Management has made several changes in its senior management ranks, following the retirement of Tom Keilty as senior vice president of operations.

Element Purchases The CEI Group

Element Fleet Management Corp. has purchased fleet safety and accident management provider The CEI Group, the company announced.

Element Boosts Truck Team

Element Financial Corp. has bolstered its fleet truck sales efforts with eight new hires and promotions that include elevating Brad Hewitt to vice president of national accounts, the company announced.

Element Hires IT Consultancy Firm

Toronto-based Element Financial Corp. has hired Tata Consultancy Services (TCS), a Santa Clara, Calif., global information technology firm.

Element to Split Into Two Companies

Element Financial Corp. is spinning off its North American commercial finance business into a separate public company to allow its fleet management business to focus on its core business and generate higher returns as a stand-alone company.

Element Financial Closes $4.8B in Funding

Toronto-based Element Financial Corp. has closed $4.8 billion in rated asset-backed security funding that will fuel the company's aggressive move into the U.S. fleet management business.