THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
WEX Inc. moved its headquarters to the waterfront of Portland, Maine, in March, as the company entered a growth phase that has included three acquisitions this year.
The national average price of gasoline fell 6 cents to $2.68 on the week in a continued "unusual" trend of falling prices after Memorial Day, according to AAA.
WEX Inc. commercial fleet clients that manage plug-in electrified vehicles will be able to pay for charging under a new partnership with ChargePoint, which now operates the nation's largest EV charging network.
FleetCor Technologies Inc. has renewed its contract to provide fuel cards and services to Husky Energy Inc., a Canadian-based integrated energy company that's headquartered in Calgary, Alberta.
The national average price of gasoline fell 7 cents to $2.74 for the week ending June 10, as nearly every state's average price also fell, according to AAA.
The average national gasoline price is slipping lower following Memorial Day, which has traditionally marked the start of the summer driving season and accompanying increases in fuel prices associated with it.
Helping rid your truck drivers of bad driving and maintenance habits is the quickest, most direct route to conserving your fuel budget.
National and state gasoline prices continued to decline a week before Memorial Day with a 6-cent decline during the week ending May 20 as crude oil prices have remained stable.
The national average gasoline price fell 3 cents to $2.86 for the week ending May 13, which represents the first significant decline since earlier this year, when a succession of price increases added about 60 cents to the per-gallon price.
Several research analysts have increased their ratings or price targets for fleet fuel card and payment provider Wex Inc. in recent months.
A gallon of regular unleaded inched higher for the week that ended on May 6 by increasing 1 cent to $2.89, and fleet drivers in the majority of states saw flat or lower prices at the pump.
Wex Inc. reported revenue growth for the first quarter that beat projections from analysts and increased 8% to $381.9 million compared to a year earlier, the Portland, Maine-based fuel card and data provider announced.
The national average price of a gallon of regular unleaded increased 4 cents for the week to $2.88, which marks a new high for 2019, according to AAA.
Fleets continue to use tried and true methods to curb fuel spend, but as technologies evolve and new trends arise, staying on top of new developments in the industry becomes essential as well.
Regular unleaded increased 1 cent to $2.84 as the nation's gasoline prices plateaued after several months of increasing prices due to the shift to higher-cost summer-blend gasoline and more unplanned refinery maintenance, especially on the West Coast.
WEX Inc. moved its headquarters to the waterfront of Portland, Maine, in March, as the company entered a growth phase that has included three acquisitions this year.
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