February 22, 2017 4:01 AM ET

Commercial Services and Supplies

Company Overview of FleetNet America, Inc.

Company Overview

FleetNet America, Inc. provides fleet repair and maintenance services for private and for-hire commercial fleets in the United States, Puerto Rico, and Canada. The company provides emergency roadside assistance, mobile truck repair, cost reduction data, fleet maintenance, towing and recovery, material handling maintenance management, preventive maintenance, equipment relocation, and tire repair services. It provides services to medium and heavy duty commercial vehicles, and material handling and industrial equipment. The company was founded in 1931 and is based in Cherryville, North Carolina. FleetNet America, Inc. operates as a subsidiary of Arkansas Best Corporation.

PO Box 970

300 Commerce Drive

Cherryville, NC 28021

United States

Founded in 1931

Phone:

800-438-8961

Fax:

704-435-7085

Key Executives for FleetNet America, Inc.

Chief Executive Officer and President
Age: 50
Founder and Consultant
Age: 70
Executive Vice President of Finance & Administration
Chief Executive Officer of Arcbest Corporation and President of Arcbest Corporation
Age: 53
Executive Vice President of Information Technology
Compensation as of Fiscal Year 2016.

FleetNet America, Inc. Key Developments

FleetNet America Names Don Doty as Vice President of Vendor Relations

FleetNet America announced the hiring of Don Doty as vice president of vendor relations. Doty will be responsible for planning, development and management of FleetNet America's service provider network, fostering a partnership environment with tow companies, tire providers, truck repair shops and other heavy-vehicle repair services within the FleetNet service provider network. Doty brings 10 years of transportation and retail management experience to FleetNet. Prior to joining FleetNet, he held various management positions at Bosselman Companies and most recently was director of service centers for AMBEST. He holds a bachelor's degree from the University of Nebraska at Kearney.

FleetNet America Names Tim Moore as Vice President of Roadside Operations

FleetNet America announced the hiring of Tim Moore as Vice President of Roadside Operations. Moore will be responsible for leading the Emergency Roadside Service Center and Quality Solutions team to provide an excellent customer experience for all FleetNet America customers. Prior to joining FleetNet, he held various management positions at transportation companies, most recently with Watkins Refrigerated.

FleetNet Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

FleetNet reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of $45,181,000 compared to $40,117,000 a year ago. Operating income was $956,000 compared to $739,000 a year ago. EBITDA was $1,235,000 compared to $1,005,000 a year ago. For the nine months, the company reported revenue of $129,685,000 compared to $120,123,000 a year ago. Operating income was $3,143,000 compared to $2,840,000 a year ago. EBITDA was $3,981,000 compared to $3,517,000 a year ago.

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Recent Private Companies Transactions

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