The Car and Truck Fleet and Leasing Management Magazine

Wright Express Revenues Grow 20 Percent in 1Q 2005

May 03, 2005

SOUTH PORTLAND, ME — Wright Express Corp., a provider of payment processing and information management services, reported revenues for the first quarter of 2005 increased 20 percent to $52.2 million from $43.6 million for the first quarter of 2004.

First-quarter 2005 performance metrics include:

  • Wright Express prepaid $20 million on its term debt. The company expects to continue using available cash to prepay debt.
  • Average number of vehicles serviced increased 8 percent from the first quarter of 2004 to 3.9 million.
  • Total transactions processed increased 7 percent from the first quarter of 2004 to 52.5 million. Payment processing transactions increased 8 percent to 37.4 million, and transaction processing transactions increased 5 percent to 15.1 million.
  • Average expenditure per payment processing transaction grew to $39.04, an increase of 22 percent from the same period last year.
  • Average retail fuel price was $1.97 per gallon, compared with $1.64 per gallon for the first quarter a year ago, an increase of 20 percent.
  • Total MasterCard purchase volume grew to $255.4 million, an increase of 37 percent from the comparable period a year ago.
  • Twitter Facebook Google+


    Please note that comments may be moderated. 
    Leave this field empty:

    Fleet Incentives

    Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


    Fleet Tracking And Telematics

    Todd Ewing from Verizon Connect will answer your questions and challenges

    View All


    Fleet Management And Leasing

    Jack Firriolo from Merchants will answer your questions and challenges

    View All


    Fuel Management

    Bernie Kanavagh from WEX will answer your questions and challenges

    View All


    Sponsored by

    Frank Olson was the chairman of Hertz during the 1980s.

    Read more

    Fuel Saving Strategies Survey

    View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

    Fuel Calculator

    A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
    Launch Fuel Calculator 

    Fuel Prices

    U.S. Gasoline and Diesel Fuel Prices.

    Launch Fuel Prices 

    Up Next

    More From The World's Largest Fleet Publisher