fuel card

Business, Technology, Fuel

Fuel-Card Partnerships Proliferate Amid Growing Competition for Discounts

Conard Transportation driver A Conard Transportation driver with a QuikQ card at the pump. (Conard Transportation)

Cost savings and conveniences offered through fuel cards are spurring an increase in partnerships among card issuers, truck-stop chains and other industry players as competition heats up in the fuel-discount arena.

Susan L. Hodges | Special to Transport Topics
April 23, 2018

FleetCor Boosts CEO Ron Clarke’s 2017 Pay 79% to $52.6 Million

FleetCor Technologies Inc. gave CEO Ron Clarke a 79% raise, lifting his compensation to $52.6 million for 2017, the same year investors upbraided the company for paying him too much.

Anders Melin | Bloomberg News
April 10, 2018

Toys “R” Us Employee Pleads Guilty to $2 Million Fuel Card Theft

Andy Hung/Bloomberg News

A Toys "R" Us employee pleaded guilty in a Brooklyn, New York, federal court on July 14 to a criminal fraud charge, after being accused of stealing nearly $2 million meant to help truck drivers cover their costs and putting it on a debit card.

Jonathan Stempel | Reuters
July 14, 2016

Warburg Pincus Agrees to Buy EFS

Daniel Acker/Bloomberg News

Private-equity firm Warburg Pincus announced an agreement to acquire Electronic Funds Source, which provides fuel card and other fleet-payment services.

Rip Watson | Special to Transport Topics
April 18, 2014