Element Announces New Partner and Fuel Product
August 14, 2019
SPARKS, Md., August 14, 2019 – Element Fleet Management (TSX: EFN), one of the world’s leading fleet management companies, will now be providing clients with an even higher level of service and fuel spending control with its new Element Navigator fuel product.
Through the combination of forward-thinking technology and a new partnership with Shell Fleet Solutions, a part of Shell Oil Company and one of the largest branded commercial fleet fuel card providers globally, clients will be able to utilize an enhanced set of product features that focuses on the priorities that matter to clients, such as driver convenience, security, control, reporting and benchmarking. By powering this new resource through WEX, an Element preferred supplier of commercial payment solutions, Element has strengthened its already seamless fleet management experience.
"The Element Navigator fuel product brings together the critical components that create the ultimate client-centric resource that will assist both fleet managers and drivers alike,” said Ken Johnson, vice president of Lifecycle Solutions at Element. “With Shell and WEX, Element is ideally positioned to support fleet leaders who need both a fleet leasing service and a fuel management resource tool that won’t compromise the level of service provided.”
“At Shell, we are committed to providing innovative products with the highest levels of service to our fleet customers and that includes making the integration of fleet leasing and fuel management as seamless as possible," said Rusty Barron, vice president of Shell Fleet Solutions North America. "The partnership with Element allows us to combine our unique expertise of delivering committed service with leading fleet management practices. We can now provide customers an even smoother and more integrated approach to managing their fleet.”
About Element Fleet Management
Element Fleet Management (TSX: EFN) is a leading global fleet management company, providing world-class services and financing for commercial vehicle fleets. The Company employs scale and leadership in key markets, a top-tier client base, strong cash flow and ready access to capital, and an investment-grade balance sheet. Element's suite of services spans the total fleet lifecycle – from acquisition and financing to program management and remarketing – helping clients optimize performance and improve productivity. For more information, visit www.elementfleet.com.
About Shell Oil Company
Equilon Enterprises LLC d/b/a Shell Oil Products US is an affiliate of Royal Dutch Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., the Shell group operates in 50 states and employs more than 20,000 people working to help tackle the challenges of the new energy future. The Shell group’s downstream organization manages a portfolio of top-quality brands, including the No. 1 selling premium gasoline, Shell V-Power ® NiTRO+ Premium Gasoline, No. 1 selling gasoline, Shell Nitrogen Enriched Gasolines, and Pennzoil®, the No. 1 selling motor oil brand in America.
About WEX
Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 4,900 associates around the world. WEX fleet cards offer 13.1 million vehicles exceptional payment security and control; purchase volume in its travel and corporate solutions grew to $34.7 billion in 2018; and the WEX Health financial technology platform helps 343,000 employers and more than 28 million consumers better manage healthcare expenses. For more information, visit www.wexinc.com.
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