Element Fleet Management Corp is a fleet services provider based in Toronto, Canada.
The company claims to provide world-class fleet management services, including financings for commercial vehicles and equipment fleets and help the clients optimize results in the total fleet cycle.
The company manages its operations through two broad divisions: Non-Core Segment and Fleet Management Segment.
The fleet management firm provides a wide range of services like increasing productivity, reducing risk factors, and reducing the total cost of ownership to their clients.
Further, it provides fleet management solutions focused on cost-savings, safety and productivity.
The company also helps businesses assess the total worth of fleet operations to cut down expenses and achieve efficiency.
The Canadian company provides fleet vehicles, management services, and other related services to various stakeholders in multiple industries.
The focused industries include agriculture, business services, chemicals, construction, consumer products, education, non-profit organizations and energy.
The firm provides its services in managing various assets, including cars, material handling, equipment, light-duty vehicles, medium and heavy trucks, etc.
Element Fleet provides a wide range of services, including the acquisition of vehicles, financing, licensing and registration, risk and safety factors, telematics.
In addition, it engages itself in accident management, activities related to risk and safety, tolls, violations, etc.
The company operates through 11 offices and caters to around 5,500 clients globally.
In addition, the fleet management firm has a global presence in more than 50 countries and operates through its international segment Element-Arval Global Alliance.
The company reportedly acquired around three million cars under lease and service management contracts in Europe, Africa, North America, and Asia.
Apart from financing and consulting for purchasing vehicles, Element Fleet Management Corp also offers fuel services, maintenance and repair management programs, expense tracking, rental services, and remarketing.
The stocks trade on NASDAQ and the Toronto Stock Exchange under the symbol 'ELEEF' and 'EFN'.
In 2016, Element Financial Corporation split into two focused independent companies: Element Fleet Management and Element Commercial Asset Management.