Arsenault says revenue grew 10.2% in 2008

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Arsenault Associates, a provider of fleet maintenance management solutions, announced Monday, May 11, that it produced double-digit revenue growth in 2008, and that first-quarter 2009 sales were 30 percent higher than the same quarter in 2008. Arsenault says its revenue increased 10.2 percent in 2008, during which the company took on 43 new fleet accounts that operate more than 16,000 vehicles and other equipment in a broad array of industry sectors.

“Fuel costs rising to an all-time high — forcing fleets to get better control of their energy use — had a direct effect on our growth in 2008,” says Charles Arsenault, founder and chief executive officer of Arsenault Associates, based in Burlington, N.J. “Additionally, as the economy tanked during the last quarter, management had to take action to reduce operating expenses, and found that the large potential cost savings in their fleet maintenance department was low-hanging fruit.”