fuel cards

Fuel is one of the largest expenses for trucking fleets, making conservation strategies essential for long-term profitability. By leveraging technology such as fleet fuel cards, AI-powered route optimization, and real-time driver monitoring, fleets can reduce waste, improve efficiency, and prevent fuel fraud. Implementing preventative maintenance, minimizing idling, and optimizing routes are key to ensuring every gallon is used effectively. With fluctuating diesel prices and tightening margins, adopting a data-driven fuel management approach is necessary for survival in today’s trucking industry.

FleetCor reported fleet transaction revenue of $108 million in the fourth quarter, a 19% year-over-year decrease.

Atlanta-based FleetCor Technologies reported fuel transaction revenue of $399 million in the second quarter, a 6% year-over-year increase.

With offerings like its Clean Advantage Card and Fuelman Mastercard with EV payment capabilities, Fuelman is anticipating the current and upcoming expense management needs of fleet managers as they begin their electrification transition.

Carriers will now be able to handle their fuel expenses on Uber Freight’s app with no annual fees, according to the freight marketplace.

toB wants to capture more of the fleet card market by focusing on trucking fleets, owner-operators, last-mile operators and auto rental companies.

FleetCor Technologies beat Wall Street quarterly revenue and earnings estimates and offers a positive outlook for 2023.

Trucking fintech AtoB on Wednesday announced raising $155M in a Series B round.

Fleetcor’s third-quarter adjusted earnings per share grew 26% year-over-year, while new sales bookings grew 52% in the same period.

Fleetcor is “finally moving past [its] pre-pandemic baseline,” Chairman and CEO Ron Clarke said during the earnings call.

Fuel card provider WEX Inc. continues to see gradual sequential improvement but at a pace below analysts’ expectations. The company’s fourth-quarter result was slightly below expectations and its first-quarter revenue guidance disappoints. Shares are off 4% in early trading.

TIRPORT’s marketplace allows companies to manage, report and track loads during their truck hauls.

Atlanta-based FleetCor is a commercial fuel-card and business-payments systems provider. The company employs around 8,700 people and provides commercial card services in more than 100 countries.

“In North America, our fuel volumes are off 20% to 25%, behind last year in April,” said Ron Clarke, FleetCor’s chairman and chief executive officer.

Fuel card provider WEX Inc. reports a solid fourth quarter but calls out weakness in the trucking market.

WEX said that a data limit issue within its IBM Informix system was the cause of fuel cards being shut off across the country today.

Problems continued into the afternoon for customers of WEX fuel cards, including its EFS and FleetOne cardholders, as a system outage rendered cards useless at fuel pumps.

Truck drivers using EFS fuel cards have been unable to fuel their vehicles as a systems outage has shut down the cards, according to multiple reports.

French freight matching startup FretLink has introduced new carrier-centric features in collaboration with equipment provider TIP and fuel card player UTA.

Fuel card and business payments provider, FLEETCOR, reports increases in fuel and toll revenue. Management said that they are seeing general softness across all trucking markets, domestically and abroad.

Comdata has released a new dashboard that will help fleet managers quickly identify and manage fuel spend.

Fleetcor Technologies (NYSE: FLT), a global business payments company, has acquired SOLE Financial, a payroll card provider enabling instant wage access for workers.  The acquisition will combine SOLE with Fleetcor’s existing digital paycard business and increase the company’s overall market. Fleetcor owns Comdata, the largest over-the road fuel card provider. “SOLE is a good strategic […]

Little Rock, Ark.-based company trying to make fuel card processing less costly for truck stop operators.

FleetCor Technologies (NYSE: FLT), which provides fuel cards and workforce payment products and services, beat Wall Street’s consensus estimates for its fourth quarter earnings.

The days of drivers carrying around multiple credit cards to handle life on the road are quickly disappearing. Once, drivers might have a company credit card for expenses, a fuel card to pay for fuel, and even their own card for non-job-related expenses, but that is all changing as innovations in fuel cards might be making the company credit card obsolete.