PHH Arval launches new regulatory and compliance service for truck fleets

October 6, 2008 –  PHH  Arval, a subsidiary of PHH Corporation [NYSE: PHH], has introduced a new program to help fleets with trucks stay in compliance with U.S. federal safety regulations. PHH’s Department of Transportation (DOT) Regulatory and Compliance service targets fleets with vehicles that are over 10,000 pounds gross or combined weight, which are categorized as commercial vehicles and subject to regulatory compliance laws. 

According to the Federal Motor Carrier Safety Administration, over 23% of vehicles inspected were deemed out-of-compliance in 2006, costing their companies millions of dollars in fines. For cost-conscious businesses, it’s a priority to successfully manage this aspect of their fleets.

PHH’s DOT Regulatory and Compliance service helps companies keep their trucks legally and safely on the road and covers the full spectrum of compliance-related needs, including: 

• Expert consultation, assessment of compliance with Federal Motor Carrier Safety Regulations (FMCSR)
• DOT audit support
• Driver qualification file management
• Driver log audit service
• Drug and alcohol management program
• DOT annual inspection scheduling
• Maintenance records management
• Licensing and permit renewals
• Management of DOT-reportable accidents
• Internet-based reporting
• Consolidated billing

The DOT Regulatory and Compliance service is the latest addition to PHH Arval’s full suite of capabilities for the commercial truck fleet. From financing and acquisition, through management services, information management and resale, PHH Arval experts help truck fleets operate more productively.
 
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 outsourced fleet management solutions to corporate clients, including nearly one-third of the Fortune 500 companies. Through consultative expertise, flexible customer service, and award-winning internet technology, PHH Arval helps clients reduce costs and increase productivity. For more information, visit www.phharval.com, or call 800 ONLY PHH.

About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidiary, PHH Mortgage, is one of the top ten retail originators of residential mortgages in the United States(1), and its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For additional information about the Company and its subsidiaries, please visit our website at www.phh.com.

(1) Inside Mortgage Finance, Copyright 2008