Casey’s General Stores Inc. is partnering with digital payment platform AtoB to offer the AtoB Visa fleet card.
AtoB cardholders can save 7 cents per gallon on all fuel purchases at Casey’s convenience stores nationwide. Casey’s announced a similar fleet fuel card discount for Coast Visa cardholders in October.
“AtoB is expanding our strong partner network to better serve our fleet customers who are managing fuel costs and looking for efficiencies and savings,” said Vignan Velivela, CEO of AtoB, in a statement.
Fuel is one of the top expenses for most trucking companies and owners. While the average price of a gallon of diesel fuel in the United States has fallen in recent weeks ($5.32 on Monday), it is still more than $1.50 higher than last, according to the Department of Energy/Energy Information Administration year at this time.
“We estimate [AtoB’s] Work to focus on bringing value to professional drivers,” Tony Spuzello, director of commercial fuels at Casey’s. “We look forward to seeing the partnership with AtoB grow as we launch as retailers on their platform.”
Casey’s General Stores (NASDAQ: CASY), based in Ankeny, Iowa, is one of the largest supermarket and gas station chains in the Midwest with 2,400 locations.
In the first quarter of 2023, Casey’s sold 689,467 gallons of fuel, a 3.3% increase from the same period last year, primarily due to an increase in the number of stores, the company said in a press release.
Casey’s total fuel gross profit rose 31% year over year to $308.2 million in the first quarter due to falling wholesale costs, the company said.
Watch: Forecast says lower freight rates.
Click here to see more FreightWaves articles by Noi Mahoney.
More articles from Noi Mahoney
Former FMCSA investigator charged with bribery and extortion
Cyber attack disrupts Mexico’s transportation system
Experts discuss how truckers can survive the freight recession