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ECN was founded in October 2016, through a spin-off of Element Financial's equipment finance division. [2] The spin-off resulted in two separate publicly traded companies: Element Fleet Management, which manages vehicle fleets, and ECN Capital, which provided commercial financing, especially to fleet owners.
The Fleet Management Systems Interface (FMS) is a standard interface to vehicle data of commercial vehicles. The six European manufacturers Mercedes-Benz , MAN , Scania , Volvo (including Renault ), DAF and Iveco developed the so-called FMS-Standard in 2002 to make manufacturer-independent applications for telematics possible.
The Fleet business was focused on providing commercial fleet management services to corporate clients and government agencies throughout the U.S. and Canada which included fleet leasing services and additional services and products for vehicle maintenance, accident management, driver safety training and fuel cards.
Fleet (vehicle) management can include a range of functions, such as vehicle leasing and financing, vehicle maintenance, licensing and compliance, supply chain management, accident management and subrogation, vehicle telematics (tracking and diagnostics), driver management, speed management, fuel management, health and safety management, and ...
Also in 2014, the company partnered with ProSight Specialty Insurance on a program called SecureFleet, where Prosight helped its customers pay for SmartDrive's data and video event recording system and driver coaching program. [9] By 2015, the company had grown to 450 employees worldwide, with 150 in the United States. [9]
US Fleet Tracking’s live GPS services have been used by organizers and logistics managers for countless high-profile events, including every Super Bowl (XLI through LIV) since 2007, the 2010 Winter Olympics, the 2010 Pro Bowl, the 2011 NHL All-Star Game, the 2012 Summer Olympics, the 2012 Republican National Convention, and the 2011 & 2012 ...