Cox Automotive merges its fleet maintenance services into one unit

Core Insights - Cox Automotive is merging its two truck maintenance service providers, Fleet Services and FleetNet America, into one subsidiary effective January 1, which signifies a strategic alignment in the fleet industry [1] Group 1: Fleet Services - Fleet Services was developed from a collection of smaller companies acquired over the last five to six years, focusing on first-party technical and mechanical services primarily on-site [2] - Fleet Services employs approximately 1,500 full-time technicians, with around 1,200 of them traveling to client sites for maintenance tasks [2] - The remaining 300 technicians work in about 30 physical facilities across the country, and Fleet Services also retails Great Dane trailers [3] Group 2: FleetNet America - FleetNet operates as a third-party facilitator connecting fleet operators with vetted service providers, totaling around 65,000 maintenance service providers [4] - The primary focus of FleetNet is on roadside assistance, although it also handles scheduled maintenance work [5] - Providers in the FleetNet network must meet specific performance standards to maintain their ranking and eligibility for jobs, ranging from small garages to large service providers [6]