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Wex Increases Revenue in First Quarter

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.

LeasePlan to Offer FleetCor Fuel Cards

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.

WEX, Marathon Expand Fuel Card Program

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.

FleetCor Joins S&P 500 Index

Fuel payment provider FleetCor Technologies has joined the S&P 500 Index as one of 500 leading U.S. companies that combine to capture about 80% of the market capitalization. FleetCor shares trade on the NYSE under the ticker FLT.

WEX to Issue Shell Fleet Fuel Cards

WEX, Inc. has struck an agreement with the holding company of Shell Oil Products to issue Shell-branded fuel payment cards to commercial fleets starting later this summer, the Portland, Maine-based payment provider has announced.