Fuel card Archives - Maritime Shipping News

AtoB is revolutionizing the fuel card marketplace — just in time

29 July 2022

Fleet cards are a vital tool for every fleet’s business, no matter their size. Today’s fleets rely on the fueling insights, fraud detection and discounts provided by modern fuel cards.

In the current unstable economic climate, every gallon of fuel used and every cent spent matters to the bottom line. Inflated fuel prices and low spot rates have pushed fleet owners everywhere to crunch the numbers on finding the best tools for their fleet.

As selecting the best fuel card offering has become more...

https://www.freightwaves.com/news/atob-is-revolutionizing-the-fuel-card-marketplace-just-in-time

How to save on fuel costs as diesel prices surge

2 June 2022

As diesel fuel prices have continued to rise since the start of the year, fleets of all sizes are grappling with the combined pressure of increased operations costs and the challenges of the current market volatility.

“Across the board, transportation professionals are facing tougher markets and more difficult cash flow. That’s a reality of modern trucking that isn’t going away anytime soon,” Tyler Raugh, head of business development and strategic sales at trucking payments platform AtoB, said.

Ma...

https://www.freightwaves.com/news/how-to-save-on-fuel-costs-as-diesel-prices-surge

Fleetcor revenue increased 30% YOY for 2nd quarter in a row

5 May 2022

A close-up of a diesel fuel pump show the price of fuel.

Global commercial fuel card and business payments company Fleetcor Technologies Inc. on Thursday reported a 30% year-over year increase in revenue from $609 million in the first quarter of 2021 to $789 million in the first quarter of 2022. The company reported a similar 30% year-over-year increase in the fourth quarter of 2021.

“We reported an outstanding first quarter, with strong core trends driving revenues and adjusted net income per share growth of 30% and 29%, respectively,” Ron Clarke,...

https://www.freightwaves.com/news/fleetcor-revenue-increased-30-yoy-for-2nd-quarter-in-a-row

Convoy offers factoring at 0% rate; fuel card with 63 cents per gallon average savings

11 August 2020

Carriers moving Convoy loads can now access same-day or next-day payment at a rate of 0% through the new Convoy Factoring program. Non-Convoy loads are also eligible at a rate of between 1% and 2.99%, the company said.

Convoy has also launched a fuel card that it said will save carriers an average of 63 cents per gallon.

“Driving a truck is one of the most important jobs across our nation. Yet the vast majority of carriers are forced to pay thousands of dollars annually just to get the money...

https://www.freightwaves.com/news/convoy-offers-factoring-at-0-rate-fuel-card-with-63-cents-per-gallon-average-savings