Strength in Numbers: Small Businesses Get Big Benefits From Fleet Management Program
ATLANTA, Dec. 14, 2005 – UPS Capital today announced a new program with GE Commercial Finance Fleet Services that offers its small company clients fleet management solutions at rates typically enjoyed only by large companies.
The program applies to companies with minimum fleet sizes of five vehicles and includes light truck, heavy truck, warehouse or work vehicles.
In addition to providing financing and leasing services, GE Commercial Finance Fleet Services manages entire fleet operations from vehicle ordering to vehicle repair and compliance management. Some of the services available to UPS Capital customers through the new program include:
* Maintenance Management, which consolidates and manages repairs, costs and maintenance.
* Electronic Fuel Card, to help businesses better manage fuel purchases.
* Accident Services, available 24/7 through the Accident Management Control Center.
* Personal Mileage/Taxable Benefits, with Internet and phone-based reporting, real-time information and quarterly updates.
* RapidTagSM, a guaranteed registration program in which tags, stickers and plates are sent directly to drivers eliminating multiple payments to governing agencies.
* Driver Safety programs that include training classes for fleet managers and drivers.
Through the program, small companies that are customers of UPS Capital, the financial services arm of UPS (NYSE: UPS), will be viewed collectively by GE Commercial Finance Fleet Services, making them eligible for a GE discount.
“This program is part of UPS’s ongoing commitment to small business owners, who truly serve as the engines to our economy,” said Bob Bernabucci, president, UPS Capital. “It gives these entrepreneurs the best of both worlds, the benefits of being both small and big.”
UPS Capital and GE Commercial Finance Fleet Services are prepared to offer a customized solution to each small business, at competitive rates. These savings enable small businesses to focus on increasing productivity and growth without having to worry about the price tag for fleet services.
Beyond saving money with UPS Capital and GE Commercial Finance Fleet Services, small businesses are able to manage their accounts online with access to consolidated reporting, vehicle ordering, driver order management and other data with the click of a mouse.
For more information on UPS Capital’s enhanced capabilities through GE Commercial Finance Fleet Services, visit www.upscapital.com/fleetservices or call 866-287-3773.
UPS is the world’s largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS’s stock trades on the New York Stock Exchange (UPS), and the company can be found on the Web at UPS.com.
GE Commercial Finance Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Europe, Japan, Australia and New Zealand. GE Commercial Finance is the business-to-business finance unit of General Electric. With deep industry expertise and lending, leasing and financing services of every kind, GE Commercial Finance plays a key role in helping its customers grow. Conducting business in 35 countries, GE Commercial Finance has assets of over US$230 billion and is headquartered in Stamford, Conn., USA. General Electric (NYSE: GE) is Imagination at Work – a diversified technology, media and financial services company focused on solving some of the world’s toughest problems.
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All fleet vehicle procurement and management services in connection with the UPS Capital Fleet Management Services Program are provided by Gelco Corporation (d.b.a. GE Commercial Finance Fleet Services) (“GEFS”) (the “Services”) and all fees charged for such Services are determined by GEFS. All Services are subject to approval (including credit approval) and acceptance by GEFS. UPS Capital and GEFS are acting only as independent contractors and neither party is an agent or representative of the other party.
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