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PORTLAND, Maine/PHOENIX - Trucker Path and WEX (NYSE:WEX), a $5.54 billion market cap commerce platform currently trading below its Fair Value according to InvestingPro analysis, announced Monday that fuel discounts available through the 10-4 by WEX app will now be accessible to Trucker Path’s user community of more than 1 million truck drivers.
The integration will give Trucker Path users access to diesel discounts at thousands of fueling locations across the United States, including 7FLEET Diesel Network, Circle K, Love’s Travel Stops, TA, Petro Stopping Centers, and several other major truck stop chains. WEX maintains a robust 72% gross profit margin, demonstrating strong operational efficiency in its payment solutions business.
"This strategic alliance with the 10-4 by WEX app offers our community of drivers lower fuel prices and a quick, easy and secure way to pay," said Chris Oliver, CMO of Trucker Path.
The free 10-4 by WEX app provides nationwide diesel discounts without credit checks, transaction fees, or physical cards. According to the companies, drivers using the app saved an average of $313 monthly on fuel costs.
Tim Hampton, senior vice president and general manager of Over-the-Road at WEX, noted that fuel comprises nearly one-third of expenditures for independent owner-operators, with approximately $50,000 spent annually on fuel on average.
Through the integration, Trucker Path users can locate the best fuel discounts and navigate directly to those locations, while also accessing information about parking availability, services, and driver reviews.
Trucker Path, based in Phoenix, provides truck driver-centric mobility products including navigation with truck-specific routing, information about truck stops, parking availability, and fuel prices.
WEX, headquartered in Portland, Maine, operates as a global commerce platform offering embedded solutions for businesses.
The announcement was made in a press release statement from the companies.
In other recent news, Wex Inc. reported its financial results for the second quarter of 2025, revealing a mixed performance. The company achieved an adjusted earnings per share (EPS) of $3.95, which represents a 1% increase compared to the previous year. However, revenue saw a decline of 2.1%, totaling $659.6 million. Despite the revenue drop, the market responded positively to the EPS growth. Additionally, BofA Securities upgraded Wex Inc. from Neutral to Buy, highlighting a growth turnaround after several challenging quarters. BofA set a price target of $178.00, citing an attractive valuation with a positive risk/reward profile. These developments reflect recent changes in the company’s financial and market standing.
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