Fuel Management - Tagged Posts

Booster Raises $56M in Funding Investments

The company has now raised more than $88 million in funding from firms such as Invus Opportunities, Conversion Capital, Enterprise Holdings Ventures, Madrona Venture Group, Maveron, Perot Jain LP, Total Ventures and Vulcan Capital.

Operating Costs Increase After Remaining Flat for Five Years

Fleet operating costs increased in 2018, primarily due to higher fuel prices and maintenance costs. Upward pressure on maintenance labor rates and higher commodity prices are impacting the cost of replacement tires.

GM Expands In-Car Fuel Payments

General Motors has rolled out in-vehicle fuel payments to Buick vehicles following the initial offering to Chevrolet models in July, the company has announced.

Mastercard's New Fleet Service Automates Fuel Spend

Mastercard has unveiled a fleet fuel payment service that is designed to reduce spend by integrating fuel and maintenance monitoring available on connected vehicles into the fuel payment process.

WEX Updates Data Platform for Fuel Management

WEX Inc. has launched ClearView Snap, the next evolution of its ClearView data analytics platform that offers fleet managers and administrators emailed insights into fleet expenses.

Chevrolet Offers Fuel Payments From the Dashboard

Chevrolet will allow drivers to pay for fuel at participating Shell stations using a mobile app in the vehicle's infotainment system with a new electronic payment solution, General Motors has announced.

U.S. Bank Voyager Partners with Fuel Distributor

U.S. Bank Voyager has formed a partnership with fuel distributor Pinnacle Petroleum, the bank has announced.

GM Enables Fuel Purchases From the Dashboard

Drivers of General Motors vehicles will be able to purchase Shell fuel and other products or services from their dashboard using a new digital platform known as GM Marketplace, the automaker has announced.

Operating Costs Remain Flat for Fifth Consecutive Year

Fleet operating costs remained stable in CY-2017, primarily due to the lower volatility of fuel prices. But, there is upward pressure on maintenance labor rates and higher commodity prices that will impact the cost of replacement tires.

Fuel Card Fraud Is on the Increase

Since 2016, there has been an ongoing uptick in fuel card fraud. In light of this, it is important for companies to develop a fraud prevention strategy addressing misuse, slippage, and outright fraud.