Cox Automotive acquires FleetNet America

The logos for FleetNet America and Cox Automotive.

Cox Automotive acquired FleetNet America, the company announced at TMC 2023 in Orlando. 

"The market leadership that comes with this joining of our two companies is unmatched in the fleet space," says Steve Rowley, president of Cox Automotive. "Empowered by our combined decades-long legacy, best-in-class customers and service provider networks, and industry expertise, we're disrupting the status quo and leading the fleet future -- but not in the breakdown business -- in the problem-solving business." 

FleetNet is a subsidiary of ArcBest. It's EMS utilizes a network of more than 60,000 independent service providers in the United States, Canada and Puerto Rico. Services include brokering emergency mobile assistance, mobile truck repair, towing and recovery, preventative maintenance and tire repair. 

The purchase builds on Cox Automotive Mobility Fleet Operations' delivery of turnkey solutions backed by fleet experts and an expansive service provider network, the company says, allowing customers to find and connect with providers when and where they need them. This includes FleetNet's mobile app for smartphones. 

“While both FleetNet and Cox Automotive are leaders in the market today, we haven't even scratched the surface of where we will take fleet operations tomorrow,” says John Wood, president of FleetNet America. “Together, our teams will move the industry forward in a transformative way.” 

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Used Truck Guide Cover