Wednesday, financial and fleet management solutions provider GE Capital Solutions, a subsidiary of General Electric Co. (GE), announced the expansion of its telematics solution to Canada, after US. GE said the offering gives companies with fleets of vehicles the critical line of sight into how their assets are performing in real time.
Stephen Ulanoski, GM, GE Capital Solutions Telematics program said, "Now more than ever, businesses are looking for smart, efficient ways to reduce operating costs while simultaneously increasing productivity. Our solution provides an answer, offering a powerful suite of back-office fleet support services with robust analytics all on one easy to use integrated platform."
The company said that telematics solution provides web-based access to vehicle asset performance metrics including CO2 emissions as well as related alerts, trend charts, exception reports, and customizable mapping.
The integrated solution not only allows customers to see in real time where their assets are; it offers clear strategies for improving performance and puts them on their way to greening their fleet operations.
The customized reports and analysis by GE's six-sigma trained fleet telematics experts helps customers understand the impact of each on their business. The businesses using telematics are better able to meet their customer service level agreements. This strengthens customer loyalty and drives more revenue, GE added.
GE is currently trading at $16.45, down $0.42 or 2.49% on a volume of 19.7 million shares on the NYSE.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.