fbpx

Fleet One Factoring

Everything truckers need to keep cash flowing.

Our approach is simple. Offer easy factoring to get you paid today, cash flow to keep you moving tomorrow, and fuel discounts to keep you saving mile after mile.

No hidden fees, no surprises.

We want to make factoring easy for you.

Same-Day Funding
We work hard to get you
paid within 24 hours

No Hidden Fees
No fuel card funding fees
No invoice-upload fees

Competitive Rates
Simple, transparent pricing
to maximize your funds

97% Advance Rate
Get more of your money with
our leading rates

Fuel Card Program
Average Savings of 15¢/Gallon*
Fuel rebates at over 4,000 sites

Easy Invoice Uploads
Mobile and web tools for
uploading invoices, 24/7

With over 30 years of experience in trucking finance — and the best customer service in the business — WEX Fleet One is the cash flow partner you’ve been looking for.

Payment. Credit. Fuel discounts.

Everything truckers need to keep cash flowing.

Our approach is simple. Offer easy factoring to get you paid today, credit to keep you moving tomorrow, and fuel discounts to keep you saving mile after mile.

Ready To Make Cash Flow Easier for Your Fleet?

Background

FAQ

What is factoring?
A freight factoring company, also referred to as a “factor,” purchases freight bills at a discount, providing up-front funds to a client for unpaid invoices. Instead of waiting 30, 60, or 90 days to get paid, a factoring company can send you money in less than 24 hours. The freight factor collects a fee once the invoice is paid.

How do I get started?

Just call us at 855-870-7069, or start your application here.

Why should I use factoring?

Factoring is an excellent way to manage cash flow or pay for operating expenses without creating debt. You get your money without having to deal with loans—plus, it removes the hassle of collections and provides additional back office support.

How much does factoring cost?
One rate does not suit all clients. Instead, we plan around your needs.

Still have questions? Call us at 855-977-5619

© 2020 WEX Inc.

*The discount is the difference between the retail cash price and the price available to Fleet One Edge cardholders through Truckers B2B, LLC’s EDGE Discount network. The stated savings opportunity is the average such discount across 2,200 participating EDGE Discount Sites during a 6-month survey period in 2019 and does not represent a guarantee of future pricing. Any given customers’ actual savings may differ depending on location and the cardholders’ choice of merchants. There is no transaction fee at the Edge Discount Sites or at any of the 1,300 Fleet One Discount in-network locations. The card also provides wide acceptance at thousands of out-of-network WEX OTR truck stop locations. While these locations do not offer special EDGE network discounts, they have all agreed to charge no higher than their posted cash price. Customers may be required to pay an out-of-network fee for each transaction at such locations.

Edge Network Sites include Pilot Flying J, TA, Petro Stopping Centers and TA Express, AMBEST, Circle K, Quick Fuel, Petroleum Wholesale, and many more. The EDGE Network Sites and other in-network sites may change over time, as merchant locations may be added or removed based on the merchant’s agreements with Truckers B2B, LLC. You can verify at any time whether any given location is part of the network by checking the daily price feed that we send to you by email each day, or by consulting the Fleet One Edge app on your smartphone. Your fleet’s discounts at Pilot Flying J, TA, Petro Stopping Centers and TA Express, and AMBEST are subject to approval by those merchants. You can see your fleet’s pricing at each merchant location on the EFS or Fleet One Card Control App.

‡The quoted per-tire savings were calculated based on the tire purchases by program participants between June 1, 2018 and July 31, 2019. We calculated the difference between the price the customer paid for each tire and the MSRP for such tire. We then tabulated the total savings across all purchases and divided the total savings by the total number of tires purchased. Our analysis showed that the average purchase price in our program was just over $115 less than the MSRP. Please note that any given dealer may at its discretion offer a price that is less than MSRP even outside our program. Nevertheless, the MSRP provides a concrete number with respect to which our customers can assess pricing accurately against other potential offers, including the dealers’ street pricing.