SOUTH PORTLAND, Maine (BUSINESS WIRE) - (June 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).
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