Car IQ Launches Station Controls: Real-Time Fuel Cost Control for Fleets [Yahoo! Finance]
LEWIS & CLARK BANCORP (LWCL)
Company Research
Source: Yahoo! Finance
the Car IQ Pay platform that gives fleets real-time control over fuel spend by automatically blocking high-cost stations and guiding drivers to more cost-effective alternatives closest to them. From After-the-Fact to In-the-Moment Control Fuel remains the largest and most volatile expense for most fleets. Yet traditional fuel cards only provide visibility after the fact—when the monthly invoice arrives. Car IQ's analysis of hundreds of thousands of fleet transactions found that drivers choose expensive stations nearly 1 in 5 times, adding as much as 36¢ per gallon* in unnecessary costs. With Station Controls, fueling becomes a pre-transaction process—because the vehicle itself replaces the fuel card and becomes the payment method. That shift gives the system access to the data cards can't see: the vehicle's location, its fuel level, and the real-time prices at stations nearby. Using this intelligence, Station Controls blocks high-cost stations and directs drivers to better optio
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