|View printer-friendly version|
WEX Expands Long-Standing Partnership with Sinclair Oil
“We appreciate our long-standing business with Sinclair, and this decision to solidify the relationship and elevate it to another level is strategic for both businesses,” said
WEX currently supports the Sinclair Fleet Track Card, which offers fleet managers automatic accounting, reports and powerful tools for saving. The fuel card is accepted at every major U.S. fuel station, as well as 45,000 service locations across the country. It provides security features to help prevent unauthorized use and allows fleet managers to put guardrails on spending based on product type, dollar amount, time of day and more.
Sinclair continues to focus on building branded gallons through relationships within their current distributor and through the development of new-to-the-brand locations.
This press release contains forward-looking statements, including statements regarding: the extension of the WEX and Sinclair relationship; the benefits of the relationship expansion; and, WEX’s impact on Sinclair’s commercial volume. Any statements that are not statements of historical facts may be deemed to be forward-looking statements. When used in this press release, the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “project” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, including: the effects of general economic conditions on fueling patterns as well as payment and transaction processing activity; the impact of fluctuations in fuel prices; competitive responses to any acquisitions; the Company's ability to successfully acquire, integrate, operate and expand commercial fuel card programs; the failure of corporate investments to result in anticipated strategic value; the impact and size of credit losses; the impact of changes to the Company's credit standards; breaches of the Company’s technology systems or those of the Company's third-party service providers and any resulting negative impact on the Company's reputation, liabilities or relationships with customers or merchants; the Company’s failure to maintain or renew key commercial agreements; failure to expand the Company’s technological capabilities and service offerings as rapidly as the Company’s competitors; failure to successfully implement the Company's information technology strategies and capabilities in connection with its technology outsourcing and insourcing arrangements and any resulting cost associated with that failure; the actions of regulatory bodies, including banking and securities regulators, or possible changes in banking or financial regulations impacting the Company’s industrial bank, the Company as the corporate parent or other subsidiaries or affiliates; the impact of the material weaknesses first disclosed in Item 9A of the Company's Annual Report for the year ended
Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 5,000 associates around the world. WEX fleet cards offer 14.9 million vehicles exceptional payment security and control; purchase volume in travel and corporate solutions grew to
Sinclair is a privately held