US Bank partners with Mastercard for international fleet card acceptance

The U.S. Bank Voyager card program has been a resource for fleet operations since the 1980s, gaining acceptance at 97% of all U.S. gas stations and locations for maintenance, food and hotels.

“When you think about all the purchase decisions drivers need to make on the road, their financial provider needs to be a part of a network that is accessible wherever that fleet is moving shipments,” said Jeff Pape, senior vice president and director of product and marketing for transportation at U.S. Bank...

https://www.freightwaves.com/news/us-bank-partners-with-mastercard-for-international-fleet-card-acceptance

Fuel card provider WEX sees ‘slow and steady’ recovery in 2021

Shares of WEX down on below-consensus revenue outlook for first quarter

Truck fleet payments and fuel card provider WEX Inc. (NYSE: WEX) reported adjusted earnings per share of $1.45 Wednesday, 2 cents light of the consensus estimate and $1.16 lower year-over-year. The headline number was a loss of $5.30 per share, which included more than $200 million in one-off acquisition-related expenses and a goodwill impairment charge.

The Portland, Maine-based company reported a 9% year-over-year decline in consolidated revenue as activity in the company’s fleet segment...

https://www.freightwaves.com/news/fuel-card-provider-wex-sees-slow-and-steady-recovery-in-2021

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon