Sparks, Md., Jan 2, 2014 – PHH Arval, a leading global fleet management services provider, has expanded its alternative fuel capabilities through an agreement with VNG.CO, a creator of a compressed natural gas (CNG) fueling network. The agreement will support PHH fleets integrating light-duty natural gas vehicles (NGVs) into their operations.
Across the nation fleet operators can take advantage of NGVs to save up to 40 percent on fuel costs and reduce greenhouse gas emissions by 20-25 percent, while enjoying the utility and functionality of gasoline and diesel vehicles. VNG co-locates compressed natural gas fueling equipment within existing gasoline stations convenient to fleet routes at no cost to the fleet operator. VNG takes responsibility for the ownership and operation of the CNG fueling facilities.
“Working with VNG positions us to provide enhanced alternative fuel solutions for our clients,” said Bob Sandler, Vice President, Enterprise Consulting and Analytics, PHH Arval. “In addition, by targeting high-traffic areas of the fleets we manage, we can work with VNG to provide compressed natural gas fueling where it’s most needed.”
“Our relationship with PHH will allow light-duty fleet operators to transition to NGVs with confidence that accessible, convenient and high-quality CNG fueling facilities will be available” said Robert Friedman, Chief Operating Officer of VNG.
Sandler added that this offering from PHH Arval and VNG can be a decision-maker when selecting fleet vehicles. “Lack of station availability is often cited for not making the switch to CNG vehicles – which are more environmentally friendly and considerably cheaper to refuel, than their gasoline and diesel counterparts. That won’t be the reason anymore.”
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 fleet management solutions to a broad range of industries. Through consultative expertise, flexible customer service, and innovative technology, PHH Arval helps clients reduce costs and increase productivity. PHH is a founding member of the PHH Arval Global Alliance, which operates more than two million vehicles across North America, Europe, Australia, Africa, Asia and Latin America. For more information, visit www.phharval.com, LinkedIn, Twitter or call (800) ONLY-PHH.
About VNG.CO
VNG offers a nationwide CNG fueling solution to support and accelerate the widespread use of light-duty NGVs by national and regional fleets, and eventually the mass-market consumer segment. Founded by Harvey Lamm, the founder of Subaru of America, and Bob Annunziata, the founder of telecommunications network pioneer Teleport Communications Group, VNG is building a nationwide retail CNG fueling network to support natural gas vehicles. For more information, please visit the company's website at www.vng.co or call (610) 709-5500.
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