SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Jun. 25, 2014--
WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced WEX Fleet One was named the provider of co-branded
over-the-road (OTR) fuel card services for Sinclair Oil Corporation
(“Sinclair”). This will allow Sinclair distributors and customers access
to the WEX Fleet One network for its more than 60 truck stop locations
including Sinclair’s Gold Truck Stop network.
Sinclair’s selection of WEX Fleet One as its OTR fuel card service
provider reflects the strength of the growing relationship between the
two companies, as well as WEX Fleet One’s ability to leverage its
business network across the WEX organization. The newly co-branded
Sinclair OTR cards offer benefits including industry-leading controls,
fraud reduction and fuel savings throughout the Sinclair and WEX Fleet
One network.
“We are very excited about what this opportunity will provide fleets
nationwide. It is only as a result of WEX’s acquisition of the Fleet One
OTR platform that our relationship with Sinclair Oil could expand,” said
Bill Cooper, general manager of fleet OTR and partner channels at WEX.
“By adding an OTR fuel card product to its offerings, Sinclair has
increased its value to fleets, both the long haul heavy truck customers
and the fleets operating a mixture of light duty and heavy duty
vehicles.”
“Sinclair has always placed high value on the card programs we offer to
our distributors and customers,” said Jack Barger, vice president of
marketing and supply for Sinclair Oil Corporation. “This opportunity
will allow Sinclair to provide a superior OTR card program and also help
our truck stop network gain additional diesel volume with OTR fleets.”
About WEX Inc.
WEX Inc. (NYSE: WEX) is a leading provider of
corporate payment solutions. From its roots in fleet card payments
beginning in 1983, WEX has expanded the scope of its business into a
multi-channel provider of corporate payment solutions representing more
than 7.8 million cardholders and offering exceptional payment security
and control across a wide spectrum of business sectors. The Company’s
operations include WEX Bank, Fleet One, Pacific Pride, rapid! PayCard,
WEX Australia, WEX New Zealand and WEX Europe, as well as a majority
equity position in UNIK S.A., Brazil. WEX and its subsidiaries employ
more than 1,400 associates. For more information about WEX, please visit www.wexinc.com.
About WEX Fleet One
WEX Fleet One provides fuel cards
and fleet management solutions to businesses and government agencies, as
well as the merchants that serve them. Our customers use Fleet One fuel
cards at convenience stores, truck stops and maintenance merchants
across the country to capture purchasing data and pay for fuel and fleet
maintenance on cars, vans and trucks of all classes and sizes. WEX Fleet
One solutions offer these additional services: private label fuel card
programs, real-time reporting, tax-exempt billing, vehicle tracking
tools, electronic payment authorizations, billing and financial
settlement. WEX Fleet One is an operation of WEX Inc. (NYSE: WEX).
About Sinclair
Sinclair is headquartered in Salt Lake
City, Utah, and is owned by The Sinclair Family Of Companies. Sinclair
owns and operates two refineries in Wyoming and over 1,000 miles of
pipeline in the Rocky Mountains. The corporation markets fuel in 19
states, supplying fuel to over 1,300 branded stations making the
Sinclair brand a prominent and welcome sight to the motoring public for
nearly 100 years. For more information please visit www.sinclairoil.com
Source: WEX Inc.
News media contact:
WEX Inc.
Jessica Roy, 207-523-6763
Jessica.Roy@wexinc.com
or
Investor
contact:
WEX Inc.
Michael E. Thomas, 207-523-6743
Michael.Thomas@wexinc.com