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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.
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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.
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FleetCor Technologies Inc.'s Comdata is offering an open-loop MasterCard to service fleets and other businesses that allows drivers to pay for fuel and other supplies, according to the company.
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Fleet card payment provider FleetCor Technologies, Inc. has acquired Nvoicepay, Inc., a leader in full AP automation software, FleetCor has announced.
Read More →FleetCor Technologies reported $302 million in fourth-quarter net income earlier this month, which exceeded Wall Street expectations.
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A fleet can’t run without fuel, but it’s not “business as usual” when it comes to current fuel management trends.
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WEX Inc. and Chevron U.S.A. Inc. have reached an agreement to bring card services to Chevron and Texaco business card fleet customers, WEX has announced.
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The fuel card specialist is looking for ways to reduce data overload for fleet managers as it deepens its expertise through acquisitions and an expansion.
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As part of the partnership, FleetCor will manage the back-end system processing and billing of LeasePlan’s new universal fuel card. FleetCor will also manage and provide a variety of other services for LeasePlan USA, the company stated.
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The multiple-year agreement specifies that WEX will provide Marathon Petroleum Corp. with sales and marketing resources to further drive Marathon’s retail growth. It follows an initial five-year deal between the companies.
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