Fuel cards and digital tools help businesses manage fleet expenses

Fuel expenses represent a significant and volatile portion of fleet operating budgets. Research from the American Transportation Research Institute indicates that fuel costs for trucking operations shifted from approximately 55 cents per mile in 2023 to roughly 48 cents per mile in 2024.

To manage these fluctuating costs, businesses are increasingly utilizing specialized fuel cards and digital management tools. Matt Arthur, Vice President Mobility APAC at WEX, noted that recent fuel price volatility led to a 350% increase in the usage of WEX’s digital tools, such as the Motorpass Driver App, which allows drivers to locate fuel and view real-time pricing.

Price spikes can also impact business cash flow and credit availability. During periods of volatility, WEX proactively increased credit limits for thousands of customers to ensure operational continuity. Additionally, providing drivers with access to multi-brand fuel networks can help fleets reduce overall expenditure by allowing them to select more competitive pump prices.