SAN DIEGO – April 6, 2011 – Networkfleet, Inc. today announced new Fuel Card Reporting capabilities are now available through its wireless fleet management system. In addition to extensive fuel usage and miles per gallon reporting, Networkfleet, in partnership with Wright Express, the leading provider of fleet cards, offers Fuel Card Reporting that gives fleet managers the ability to track fuel transactions and identify unauthorized fuel purchases.
According to the US Department of Energy, retail gasoline prices are expected to average 77 cents per gallon higher in 2011 than in 2010, with even higher prices in 2012. For commercial fleets, fuel costs represent a major component of their overall operating budget. Networkfleet's Fuel Card Reporting, combined with its system's ability to monitor MPG, speed, idle time, emissions, diagnostic trouble codes, and more, gives fleet managers a new way to further control and reduce rising operating costs.
"Fuel is a major line item for fleets. To combat the recent and predicted increases in fuel costs, we continue to offer new ways for our customers to control expenses," said Keith Schneider, president and CEO of Networkfleet. "We are happy to partner with Wright Express as their fuel cards are the most widely used and accepted at fuel locations throughout the US and Canada."
The new Fuel Card Reporting consists of two reports: the Fuel Guard Report and the Fuel Card Transactions Report. The Fuel Guard Report lets users compare the location/time the fuel was purchased with the vehicle location/time to determine if the proper vehicle was being fueled or if there was a potential fraud event. The Fuel Card Transactions Report allows the user to see all fuel transactions during a specific period of time as well as details regarding those transactions, including location, gallons, and total cost.
Networkfleet's online fleet management system also offers a full range of reports and alerts to help fleets reduce fuel costs. These include the ability to monitor the fuel economy of specific fleet vehicles, idle time reports, speed violation alerts, geofences to identify unauthorized vehicle use, routing optimization, and maintenance alerts.
About Networkfleet, Inc.
Networkfleet, Inc. is a leading provider of wireless fleet management services that improve fleet efficiency by reducing fuel use, emissions and maintenance expenses. The company's technology combines vehicle diagnostic monitoring with an online GPS fleet tracking system. Networkfleet has more than 50 patents issued or pending surrounding remote diagnostics and has received numerous awards for its technology. Founded in 1999, Networkfleet is a wholly-owned subsidiary of Hughes Telematics, Inc. and is headquartered in San Diego, CA. For more information, please visit www.networkfleet.com.
About Hughes Telematics, Inc.
Hughes Telematics, Inc. ("HTI") (OTCBB: HUTC and HUTCW) is a leader in implementing the next generation of connected services. Centered on a core platform of safety and security, the company offers a portfolio of location-based services for consumers, manufacturers, fleets and dealers through two-way wireless connectivity. In addition to owning Networkfleet, HTI is also the majority owner of Lifecomm, located in Atlanta, Ga., which plans to offer mobile personal emergency response services through a wearable lightweight device with one-touch access to emergency assistance. Additional information about HTI can be found at www.hughestelematics.com.
About Wright Express
Wright Express is a leading provider of value-based, business payment processing and information management solutions. The Company's fleet, corporate, and prepaid payment solutions provide its more than 350,000 customers with unparalleled security and control across a wide spectrum of business sectors. The Company's subsidiaries include Wright Express Financial Services, TelaPoint, Pacific Pride and Wright Express International, including Wright Express Prepaid Cards Australia and Wright Express Fuel Cards Australia. Wright Express and its subsidiaries employ more than 850 associates in six countries. For more information about Wright Express, please visit www.wrightexpress.com.
Fleet cards are the payment cards which are designed for fuel, maintenance & repair payments for corporate vehicles & become the standard tools for tracking & controlling expenses. Interesting & knowledgeable stuff. Thanks!
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