wex News Updates

BusinessEquipmentLogisticsFor-Hire

Werner’s Leathers Sees Longer Freight Boom After OEM Cuts

Freight cycles typically last 14 to 15 months, according to Werner CEO Derek Leathers, but the current downswing has gone on for double that. “It’s the worst one I’ve ever seen."

October 3, 2025
BusinessTechnologySafetyFuel

Wex Teams With Trucker Path to Provide Navigation Tool

Wex is teaming up with Trucker Path to give Wex Electronic Funds Source customers discounted access to a truck-safe navigation app designed to make fleet operations safer and more efficient.

October 1, 2025
BusinessTechnologyFuel

Wex Launches Payments for Private EV Charging

Payment processing provider Wex has launched fleet card payments for electric vehicle charging at private sites.

May 1, 2025
BusinessFuel

Wex Adds Fuel Card for Mixed-Vehicle Fleets

Wex Inc. announced the latest addition to its line of fleet cards, WEX Cross Roads, a one-card solution for fleets operating multiple types of vehicles. The card provides unleaded gasoline and diesel fueling options at both truck stops and convenience stores.

March 19, 2018
Business

QuikQ Launches New Fuel Card Program

QuikQ will offer fuel-card services that will be accepted at Love’s Travel Stops, TravelCenters of America and Pilot Flying J truck stops, entering the fray against long-established card providers Comdata and Wex.

October 22, 2017
Business

WEX in Agreement to Buy Electronic Funds Source for $1.1 Billion

Payment solutions provider WEX Inc. has entered into a definitive agreement to acquire Electronic Funds Source for $1.1 billion and 4 million shares to be issued to investment funds affiliated with Warburg Pincus, EFS' current owner.

October 19, 2015
Business

GE Capital Launches Trucking Fuel-Card Program With WEX

GE Capital Transportation Finance announced June 1 it has launched a fuel-card services program designed for over-the-road trucking companies.

June 1, 2015
Business

Wex Fleet One to Offer Fuel Card Accepted at Truck Stops, Convenience Stores

Wex Fleet One said it will offer a fuel card that can be used at truck stops and convenience stores designed for use by fleets with a mix of heavy- and medium-duty trucks.

October 8, 2014
Business

Wex Fleet One to Launch Interface with McLeod Software

Fuel-card provider Wex Fleet One said it will launch a real-time, interactive fuel-card interface with McLeod’s LoadMaster Enterprise.

June 25, 2014
Business

Wex Inc. to Acquire Health-Care Payment Firm for $532.5 Million

Wex Inc. will acquire health-care payment firm Evolution1 for $532.5 million, the fleet payment-processing company said.

June 18, 2014