Q. What are the newest data analytics tools in fuel management?
A. Data visualization is probably the hottest trend in fuel management right now...
A. Today’s fleets are considering all types of fuels — and robust reporting on these transactions is a must. The network of alternative fuel locations— from electric charging stations to CNG -- is doubling each year, so your fuel card choice should ensure you can make strategic decisions about your fleet’s make-up — and be able to fuel next-generation vehicles.
There are around 2 million electric vehicles worldwide now. In 2016, the industry saw the highest number of new sold EVs: 600,000 or 700,000. So, it’s growing, but today’s 2 million vehicles is only 2% of the entire vehicle population.
With the growth of EV, it will be important that fuel cards are accepted at charging stations. A lot of work is being done with the charging stations using mobile and RFID technologies, because a lot of the home charging points don’t have card readers on them. So EV purchases may have to be captured using your mobile device.
Senior Vice President and General Manager
A. Data visualization is probably the hottest trend in fuel management right now...
A. I think we always want to collect more data. Our partners and customers expect that from us...
A. Absolutely. That’s becoming a huge need in the marketplace...
A. Fraud is definitely a big issue for companies managing their fuel costs. One of the biggest issues is...
A. We are in the electric space today. We’ve got acceptance at a number of charging stations, including ChargePoint...
A. Absolutely, and fuel cards are a key control...
A. Level 3 data capture is one of the fundamental ways fleet operators are able to better identify and more effectively rein in costs...
A. Fuel cards help businesses fuel their vehicles, document and analyze those fuel purchases, and limit exposure to unauthorized purchases...
A. Not all fuel cards are the same. Here are some popular criteria that fleet managers use when selecting a card program...
A. Fuel cards were designed to make it easier for businesses to pay when they fuel their vehicles. As fuel cards became more sophisticated, they also began offering businesses discounts and rebates plus the ability to track and analyze fuel purchases, creating the ability to control costs, making it easier to track expenses and enhance the bottom line without carrying cash or relying on inaccurate manual data entry.
A. We have 10.5 million WEX fuel cards in circulation worldwide...
A. We start off with basic levels of consumption: usage, trends, when they’re buying, where they’re buying. Then we’ll drill down a bit deeper to say...
A. Established in 1983, we are an industry leader known for developing technology that pioneered the closed-loop, proprietary fuel card network...
A. Not any time soon. There’s a deadline of 2020, but...
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