GE Capital, Transportation Finance is launching a fuel card services program designed for over-the-road trucking companies. The program will be administered by Wex, a provider of corporate payment solutions.
The Fleet One OTR fuel card will be offered by Wex Bank to select GE Capital, Transportation Finance customers, providing them with potential cost savings on fuel, maintenance and other fleet expenses.
In addition to Wex’s standard fuel card features, GE Capital has also negotiated point-of-sale discounts for fuel card users on diesel fuel at Pilot Flying J, Speedway, WilcoHess and Ambest truckstops and fuel stops at more than 1,000 locations. Fleet One users will also have access to GE Captial’s security and reporting designed to help manage and grow business at trucking companies.
“We believe our customers will benefit from the rebates on fuel expenses as well as increased access to data that may not be available to small and mid-market operators today,” said John Conkin, senior vice president of sales with GE Capital, Transportation Finance. “Operators can use the Fleet One OTR Fuel Card as an alternative to standard debit or credit cards, which will allow them to manage driver spending and simplify line-item reporting.”
Wex Fleet One OTR Fuel Card issuance is subject to underwriting and approval of Wex Bank. For more information on the full program and card details, click here.