fuel payments

Fleetcor Technologies Inc. on Wednesday reported revenues of $861 million in its second-quarter earnings.

Fleetcor’s reported first-quarter earnings Thursday include a steady retention rate of 93%.

“Across the board, our businesses showed momentum and ended the year on a strong note,” said Charles Freund, CFO at Fleetcor.

Fleetcor is “finally moving past [its] pre-pandemic baseline,” Chairman and CEO Ron Clarke said during the earnings call.

First-quarter revenue results were aligned with FLEETCOR’s expectations, but at $609 million, they fell 8% short of first-quarter 2020 results.

Business payments company FLEETCOR Technologies Inc. reported EPS 19 cents above estimates for the fourth quarter.

The COVID pandemic forced transportation to quickly adopt digital solutions, and Comdata was ready.

Wex said global uncertainty around COVID-19 affected its fuel card payment processing and corporate travel segments during the third quarter.

Fuel card provider WEX Inc. reports a solid fourth quarter but calls out weakness in the trucking market.

Amazon has enabled customers to pay digitally at gas stations via Alexa, which can confirm the station location and pump number and activate the pump for drawing fuel.