Cox Automotive acquired fleet industry provider FleetNet America to connect every vehicle and service.
“The market leadership that comes with this joining of our two companies is unmatched in the fleet space,” said Cox Automotive President Steve Rowley. “Empowered by our combined decades-long legacy, best-in-class customers and service provider networks, and industry expertise, we’re disrupting the status quo and leading the fleet future – but not in the breakdown business – in the problem-solving business.”
A subsidiary of ArcBest, a fleet visionary and driving force of FleetNet’s innovation and growth, FleetNet’s EMS offering utilizes a network of more than 60,000 independent service providers throughout the U.S., Canada and Puerto Rico. Services include brokering emergency mobile assistance, mobile truck repair, towing and recovery, preventative maintenance, and tire repair. Paired with Cox Automotive’s expertise in creating two-sided marketplaces, ability to deliver industry-leading data insights, and operating at global scale, the acquisition will fuel the companies’ collective commitment to delivering greater flexibility, transparency and communication, and ultimately keep fleets doing what they do best: working for their customers.
Aligned to eliminating breakdowns for its customers, the addition builds on the vision of Cox Automotive Mobility Fleet Operations to deliver turnkey solutions backed by fleet experts and an expansive Service Provider network, allowing customers to find and connect with specialized service providers when and where they need them. The proprietary technology, which includes FleetNet’s mobile app for smartphones, delivers a straightforward, automated workflow to keep vehicles healthy and on the road, and fleet providers focused on their business.
“While both FleetNet and Cox Automotive are leaders in the market today, we haven’t even scratched the surface of where we will take fleet operations tomorrow,” said FleetNet America President John Wood. “Together, our teams will move the industry forward in a transformative way.”
“We are relentless operators and innovators, and we are obsessed with putting our customers, service providers and our people first, always,” said Alex Fraser, AVP of Fleet Operations, Cox Automotive Mobility. “We are invested in making operating a fleet more efficient, solving our customers’ problems on the road or in the garage.”
For more information about Cox Automotive Mobility Fleet Operations, click here.
