Commerce platform WEX has launched a partnership with electric vehicle (EV) charger installation provider Qmerit. This collaboration is designed to streamline the installation of EV chargers at commercial fleet drivers’ homes, the companies said Thursday (Dec. 5). “With electricians and other tradespeople in increasing demand,...
Class8, formerly known as FleetOps, has raised $22 million in a Series A funding round to promote its original equipment manufacturer (OEM)-integrated, artificial intelligence (AI)-powered logistics solutions. The company’s platform processes over 1 billion daily data points from 227,000 trucks and uses that data to help trucking...
The contemporary operating landscape is increasingly defined by both resilience and vulnerability. These two themes were central to WEX Inc.’s third-quarter 2024 earnings call on Thursday (Oct. 24). The company, which provides payment processing, fleet management and benefits solutions, told investors it continues to navigate...
WEX is rolling out a new app to give independent truckers access to benefits normally only available to larger companies. The free mobile app, 10-4 by WEX, offers owner-operators and small trucking companies access to fuel discounts, according to a Friday (Oct. 4) news release....
May 15, 2024
Truck drivers help keep the supply chain functioning, but the turnover rate is high in the industry — a reality that can have ripple effects across the entire U.S. economy. PYMNTS Intelligence’s “Generation Instant: How Truckers Use Instant Payments to Support Their Lifestyles” revealed that one key contributor to the high turnover is that, in […]
April 16, 2024
Where an industry goes tomorrow is a step-function from where it is today. And this is particularly true within the fleet management ecosystem, where traditional payment methods like fuel cards...
February 05, 2024
AtoB CEO Vignan Velivela told Karen Webster that slow payments represent a “silent tax” on fleet management in general, and on the truckers behind the wheel, specifically. Paper checks still...
October 23, 2023
It’s hard to name a more vital component of the economy than the logistics industry. However, it’s just as hard to name a more challenging and fragmented payment landscape than...
December 20, 2024
Boon announced $20.5 million in combined seed and Series A funding to build an artificial intelligence (AI) platform for commercial fleets. “With $20.5M raised, we are expanding capabilities to deliver new features, optimizing for current clients, and building out our engineering and go-to-market teams,” Boon said in a blog post. “Over the next 18 months, we […]
December 05, 2024
Commerce platform WEX has launched a partnership with electric vehicle (EV) charger installation provider Qmerit. This collaboration is designed to streamline the installation of EV chargers at commercial fleet drivers’...
November 19, 2024
Class8, formerly known as FleetOps, has raised $22 million in a Series A funding round to promote its original equipment manufacturer (OEM)-integrated, artificial intelligence (AI)-powered logistics solutions. The company’s platform processes...
October 04, 2024
WEX is rolling out a new app to give independent truckers access to benefits normally only available to larger companies. The free mobile app, 10-4 by WEX, offers owner-operators and...
