PHH Arval Launches Equipment Rental Services

SPARKS, MD, August 12, 2011 -- PHH Arval introduces an industry-first service for fleets that rent equipment for short-term projects: PHH Equipment Rental Management Services.

The customizable service is designed for fleets that need assistance in securing and/or managing storage trailers, construction trailers, forklifts, lift trucks, aerial lifts or other material handling equipment for projects throughout the United States.

PHH rental specialists help fleet clients secure the right equipment at the right time, using clients’ existing suppliers or PHH’s extensive network of equipment rental suppliers. The specialists manage all aspects of the rental – from delivery and inspections to preventive maintenance (where applicable) and pick-up at the end of the project. PHH also audits supplier invoices, consolidates billing, and provides detailed information about equipment rental event activity from inception to conclusion via PHH InterActive^®. In addition to the suite of services offered, the Center for Transportation Safety, a PHH Arval company, provides operator training to ensure the safe and efficient use of the equipment.  

Rob Stowers, Senior Vice President of PHH FirstFleet, PHH Arval’s truck and equipment services division, said, “The management of equipment rentals for short-term projects can be a complicated process with major cost implications when it’s not done efficiently. We are pleased to be the first fleet management company to provide this comprehensive service to the industry. The addition of this new program solidifies our leadership position as the one-stop resource for all truck services.”

About PHH Arval

PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH], is a leading fleet management services provider in the United States and Canada. PHH Arval provides outsourced fleet management solutions to corporate clients, including nearly one-third of the Fortune 500 companies. Through consultative expertise, flexible customer service, and award-winning Internet technology, PHH Arvalhelps clients reduce costs and increase productivity.  For more information, visit www.phharval.com, or call 800 ONLY PHH.

About PHH Corporation

Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidiary, PHH Mortgage, is one of the top five retail originators of residential mortgages in the United States¹, and its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For additional information about the company and its subsidiaries, please visit our Web site at www.phh.com.