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Important News  

Remembering NAFA Past President A. Warren Feirer

Anthony Warren Feirer, age 83 of Leonia, passed away on Wednesday, June 24, 2015. He was born in Weehawken, NJ and served his country proudly in the Army during the Korean War. He was a Fleet Manager for Nabisco Brands, East Hanover, NJ and former President of NAFA (1979-1981). He had been a NAFA Member since 1966. Beloved husband of Doris Noseda Feirer. Devoted father of Teri Anne Cleary and her husband Donald, Ernie Feirer and wife Marilyn and the late Jeannine Feirer. Cherished grandfather of Raymond, Sean, Janine, Heather, Michael and Brenna. Loving great-grandfather of Declan. Served his beloved town of Leonia as the Scoutmaster of Troop 71, Council President of Holy Spirit Lutheran Church, President of the Leonia Community Chest and Lifetime Honorary member of The Leonia Players Guild. NAFA will have more information and a memorial piece regarding Warren in the next issue of NAFAConnection. Our condolences go out to his family, friends, and fellow NAFA members who had the privilege to know him. He will be missed. click here Remembering NAFA Past President A. Warren Feirer


Important News For NAFA Members Concerning Element Fleet Management Acquisition Of GE Capital Fleet U.S.

According to a press release from the company, Element Financial Corporation announced this morning that it has entered into a definitive agreement with GE to acquire GE Capital’s remaining North American fleet management operations in the U.S. and Mexico, as well as GE Capital’s fleet management operations in Australia and New Zealand for an all-cash purchase price of (Canadian) $8.6 billion. Element had previously acquired the Canadian operations of GE Capital’s North American fleet management business in June of 2013. The Association newsletter NAFAConnection reported on June 1 that Element Financial Corporation was raising $2.2 billion of new capital for future acquisitions. This fueled speculation that GE Capital Fleet was the intended recipient of this financial movement. Integration plans will be finalized prior to closing this transaction to align the fleet management operations of the two companies with the stated objective of "...optimizing the customer experience through enhanced product offerings and state of the art technology. Significant savings are expected to be realized from revenue synergies, expense reductions, and cost of funds improvements. As a result, the Transaction will result in 20 percent accretion to annual EPS based on fully annualized synergies in the range of (U.S.) $90 million to (U.S.) $95 million." NAFA will continue to monitor this transaction to determine how this will affect NAFA Members and fleet managers who employ the services of these companies. click here Important News For NAFA Members Concerning Element Fleet Management Acquisition Of GE Capital Fleet U.S.


FLEETSolutions Magazine Recaps Successful 2015 Institute & Expo

The July/August issue of FLEETSolutions magazine, available at the close of June 2015, will offer a comprehensive recap of this remarkable week of education and networking. Along with I&E coverage, the issue will bring an equally compelling rundown of the 2015 International Fleet Academy conference, which was held concurrently with I&E. “There was a feeling that the show went very well once we wrapped everything up,” said NAFA Chief Executive Officer Phillip E. Russo, CAE. “But afterward, we received glowing, positive feedback and testimonials. It was a tremendous affirmation of all the work and effort that goes into planning and executing the event.” click here FLEETSolutions Magazine Recaps Successful 2015 Institute & Expo


NAFA Calls On Congress To Take Serious Action On Highway Trust Fund

NAFA Fleet Management Association expresses dismay over the decision to extend reauthorizaton of highway programs to July, rather than coming together for a lasting resolution.  “Doing something about keeping the United States Highway Trust Fund (HTF) solvent was one of the few topics going into 2015 that enjoyed bi-partisan support and interest, and yet road, tunnel, and bridge projects that rely on federal financing are back to waiting in suspense,” said NAFA Chief Executive Officer Phillip E. Russo, CAE. “The dysfunction of the legislative body to act has no positive effect on the physics of roads, weather, and the vehicles that traverse them every day, and another short-term fix only leads to the promise of even another short-term fix. Drivers across North America deserve better than this.” click here NAFA Calls On Congress To Take Serious Action On Highway Trust Fund


NAFA Delivers Strong Testimony on US Postal Service Hearing

NAFA Fleet Management Association (NAFA) provided strong testimony to the US House Committee on Oversight & Government Reform during the Committee’s hearing on the US Postal Service’s request to acquire 180,000 new vehicles. Katherine Vigneau, CAFM®, NAFA’s Director of Professional Development, told committee members that best practices should be adhered to during the fleet replacement process and that the Postal Service’s idea of replacing all 180,000 at the same time, from a single source, is not in keeping with best practices. click here NAFA Delivers Strong Testimony on US Postal Service Hearing




 


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