Bestpass recently surpassed 400,000 active transponders on the road, facilitating more than 200,000 seamless transactions each day for customers on the company's nationwide toll coverage network, the toll management provider announced.

"We've been able to increase our transponder count by more than 100,000 each of the past two years, which is a testament to the value of our commercial toll management service and an indication that we still have a lot of room for growth," said John Andrews, president and CEO of Bestpass.

To keep pace with increased demand for the Bestpass service, the company hired approximately 20 employees in 2017, bringing the total number of employees to more than 70, and nearly doubled the size of its Albany offices. Bestpass is currently hiring for several additional positions, including software developers.

"We've saved our customers more than $86 million in toll-related costs since our inception, including more than $20 million in 2017 alone," said Andrews. "We are addressing a critical need in the commercial transportation industry, where toll is, at best, a drain on company resources, or, at worst, completely unmanaged. That's where Bestpass comes in, and it's also why we are experiencing such explosive growth."