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Wright Express Launches Heavy Truck Division
SOUTH PORTLAND, MAINE (March 3, 2003) - Wright Express today announced the creation of a new division to serve heavy truck fleets and offer acomprehensive one-card solution to operators of mixed and private fleets.
The new division, to be called Wright Express Heavy Truck, will allow Wright Express to more effectively continue its aggressive expansion into the heavy truck market, including development of new program features to meet the specific needs of heavy truck fleets.
With Heavy Truck, Wright Express has created a better vehicle to deliver its world-class service, in-depth reporting and data collection capabilities, and internet-based account management tools to this market.
The development of Heavy Truck comes on the heels of several new agreements that greatly enhanced the company's heavy truck profile. In recent weeks, Wright Express reached acceptance deals with top truck stop and cardlock site operators and previously formed alliances to provide new services such as IFTA reporting, integrated fuel price reporting with mapping and routing functionality and price risk management.
"Our new Heavy Truck division allows us to bring the same quality service and unmatched program features to the heavy truck market that our other fleet customers have enjoyed for years," said Michael Dubyak, president of Wright Express. "We believe that our program will especially appeal to managers of mixed fleets and private fleets, who need a one-card solution with the advanced reporting capabilities that Wright Express offers. We are excited about the opportunities that exist for Wright Express in the heavy truck market."
Wright Express, the nation's leading provider of fleet cards and fleet card services, plans to build on its success in serving the light and medium truck fleets. Wright Express cards are already accepted at more than 160,000 locations, including 45,000 retail locations that sell diesel fuel, making it the most broadly accepted commercial fleet card in the market. The company believes this acceptance and experience with smaller fleets will appeal to managers of mixed fleets looking for a single card program. A one-card solution will allow them to streamline administrative tasks to save money and receive more comprehensive reporting across all categories.
Among the other tools available through Wright Express is its Internet-based account management tool that allows fleet managers to run reports, view transactions as they post and perform account management duties all from an integrated platform. For the most up-to-date information on Wright Express accepting merchants, please visit www.wrightexpress.com/wex/merc.html
South Portland-based Wright Express is the leading provider of fleet charge cards to the fleet maintenance and fueling industry with its cards accepted at more than 160,000 locations. Wright Express also provides information management, payment processing, and financial services to fleets through card partnerships. Through its own universal fleet card program, its partners' card programs and its MasterCard program, Wright Express has 3.8 million commercial cards in its markets. Wright Express LLC, a subsidiary of Cendant Corp., employs more than 640 people at its headquarters in South Portland, Maine and its subsidiary in Salt Lake City.
For more information, visit www.wrightexpress.com.
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