1. Widespread Acceptance for Maximum Convenience
One of the biggest challenges for trucking fleets is finding fuel stations that accept their payment method without having to deviate from their planned routes. WEX fuel cards solve this problem by being accepted at 95% of gas stations across the U.S. This extensive network provides trucking companies with the flexibility to fuel up wherever it’s most convenient, keeping routes efficient and reducing unnecessary detours.
Benefits of Widespread Acceptance:
• Reduces downtime spent searching for an accepting gas station
• Keeps drivers on the most efficient routes
• Allows fleet managers to plan fueling stops strategically
2. Cost Savings with Fuel Rebates
Fuel is one of the largest expenses for trucking companies, making any opportunity to save on gas invaluable. WEX fuel cards offer rebates of up to 3¢ per gallon, which can lead to significant savings over time, especially for fleets with multiple vehicles covering long distances daily. While 3¢ per gallon may seem small, when multiplied across thousands of gallons per month, the cost savings quickly add up.
Example of Savings:
If a fleet of 50 trucks each consumes 1,500 gallons of fuel per month, a 3¢ per gallon rebate would result in $2,250 in monthly savings—or $27,000 annually. That’s a substantial cost reduction that can be reinvested into business growth.
3. Automatic Accounting and Expense Tracking
Managing fuel expenses manually can be a time-consuming and error-prone process. WEX fuel cards simplify this with automatic accounting features, making it easy to track spending, generate reports, and integrate data with accounting software.
Key Accounting Features:
• Real-time transaction tracking: Monitor fuel purchases as they happen
• Detailed reporting: View fuel usage by vehicle, driver, or location
• Seamless integration: Sync with popular accounting software like QuickBooks
This automation helps fleet managers make informed decisions, reduce paperwork, and minimize the risk of fraud or unauthorized purchases.
4. Spending Controls for Better Budget Management
Keeping fuel expenses under control is crucial for trucking companies. WEX fuel cards provide customizable spending controls that allow fleet managers to set limits on fuel purchases based on specific parameters.
Customizable Controls:
• Set daily, weekly, or monthly spending limits
• Restrict purchases to fuel only (preventing unauthorized spending)
• Define which fuel stations or regions drivers can use
By implementing these controls, trucking companies can prevent misuse, reduce wasteful spending, and ensure their fuel budget is used effectively.
5. Enhanced Security and Fraud Protection
Fuel theft and unauthorized transactions can be a major concern for trucking companies. WEX fuel cards come with built-in security features to protect businesses from fraud and misuse.
Security Benefits:
• Driver PINs: Require a unique PIN for each transaction
• Purchase alerts: Receive notifications for unusual transactions
• Customizable purchase restrictions: Prevent non-fuel purchases
With these security measures in place, fleet managers can have peace of mind knowing that their fuel expenses are safeguarded against fraudulent activities.
6. Streamlined Operations for Fleets of All Sizes
Whether managing a small trucking business or a large fleet, WEX fuel cards are designed to scale with the needs of the company. From independent owner-operators to national carriers, trucking businesses benefit from the ease of managing fuel expenses through one centralized platform.
Operational Benefits:
• Single billing statement for all fuel transactions
• Easy-to-use online management tools
• Ability to add or remove cards as the fleet grows
By simplifying fuel management, trucking companies can focus on their core operations and improve overall efficiency.
