PHH Arval, a subsidiary of PHH Corporation has won an American Business Award(SM), also known as a "Stevie" award. The company won for PHH GreenFleet, the fleet management industry's most comprehensive program to reduce greenhouse gas emissions, in the category "Best New Product or Service."
PHH GreenFleet takes a common-sense approach to helping corporations meet their own corporate environmental goals. Fleets managed by PHH Arval that have fully implemented the program have reduced their emissions on average by 14% and lifecycle operating costs by 4%. And the program has also enabled them to improve their miles per gallon (mpg) by up to 20% -- a major plus with today's high fuel prices.
Karen Healey, Director at PHH Arval in charge of the company's green initiatives, said, "We're honored to receive a Stevie Award recognizing PHH's leadership in helping corporate fleets improve their environmental performance. More important, we're excited about the benefits this program brings not just to the environment, but to our clients in reducing emissions, fuel consumption and costs."