WEX selected as exclusive fleet card for Sinclair’s 300+ distributors
through 2024
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Oct. 20, 2014--
WEX
Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced it has signed a 10-year contract with Sinclair Oil
Corporation (“Sinclair”) to be the exclusive fleet card provider for
Sinclair’s Fleet Track Card program.
Since 2004, WEX has been the fleet card of choice for Sinclair’s Fleet
Track Card program, which has 90,000 cardholders in 10 states and more
than 6,000 locations. Under the terms of the new agreement, WEX will
continue to allow Sinclair’s more than 300 distributors to issue a top
fleet program to their customers while leveraging WEX’s customer
service, receivables function and online management tools. The online
solutions provide flexible pricing, application processing, reporting
capabilities, and various credit tools.
“This agreement and Sinclair’s recent selection of WEX Fleet One as its
OTR fuel card service provider, reflects the strength of our growing
partnership,” said Bill Cooper, general manager of fleet OTR and partner
channels at WEX. “Together, we’ve helped Sinclair increase its value to
fleets and the truck stop network.”
“The long-term extension of our contract with WEX presents exciting
opportunities to continue to capitalize on the success of our
relationship and the Sinclair Fleet Track program,” said Jack Barger,
vice president of marketing and supply for Sinclair Oil Corporation.
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 7.9 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, rapid! PayCard, Evolution1, 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 1,700
associates. For more information about WEX, please visit www.wexinc.com.
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