PHH FirstFleet announces addition of Thermo King to truck maintenance network

October 9, 2007 –  PHH FirstFleet has announced the addition of Thermo King, one of the nation’s leading manufacturers of transport temperature control systems for a variety of mobile applications, to its North American truck maintenance network. PHH FirstFleet clients can now take advantage of expanded maintenance services for refrigerated trucks and trailers across 225 dealer locations in the US and Canada.

Thanks to this new supplier partnership with Thermo King, PHH FirstFleet clients have access to:

• All Thermo King product lines from the V200 series to the Spectrum series
• Services such as interim inspections and preventive maintenance on Thermo King units
• Extended warranties
• The lowest competitive pricing on parts including the innovative TriPaC compressors, valves, remanufactured components & installation kits

“With the addition of Thermo King to our maintenance network, PHH FirstFleet has developed one of North America’s most comprehensive networks for truck fleets,” says Mike Lewis, president of the company. “Our broad capabilities – now including refrigerated trucks and trailers – ensure that drivers get their maintenance needs effectively taken care of and stay productively on the road.”

PHH FirstFleet’s managed maintenance program is specifically geared for private truck fleets in all weight classes. It features a broad network of maintenance service including the major OEM parts and service suppliers, with more than 9,000 locations in the US and Canada. Truck drivers have more conveniently located facilities, 24/7 assistance from PHH’s ASE-certified truck specialists, plus a full range of repair, preventive maintenance and warranty services, guaranteed nationwide parts pricing, mobile repairs, national tire pricing, and more.

About Thermo King Corporation
Thermo King Corporation, a unit of Ingersoll Rand Company Limited, was founded in 1938 and manufactures transport temperature control systems for a variety of mobile applications, including trailers, truck bodies, buses, shipboard containers and railway cars. Thermo King offers products, parts and services through a dealer network of over 800 locations worldwide. Additional information is available at www.thermoking.com

About PHH FirstFleet
PHH FirstFleet, the comprehensive truck services group of PHH Arval, is a national provider of asset management, financial services, and high technology operational support to the trucking and transportation industry throughout North America. Both companies are subsidiaries of PHH Corporation [NYSE: PHH]. PHH FirstFleet is headquartered at 350 East Las Olas Boulevard, Fort Lauderdale, Fla. 33301.  For more information about PHH FirstFleet, call 877-FF4-TRUCK (877-334-8782).