U.S. Bank buys TransCard’s fuel card network

Wednesday, July 11, 2012

U.S. Bank has entered the large commercial truck market through its acquisition of TransCard’s Class 7-8 fuel card network. The purchase will include the product technology as well as TransCard’s nationwide acceptance network. The network being bought was developed jointly by TransCard and U.S. Xpress, the nation’s second-largest privately owned truckload carrier. U.S. Xpress will become the biggest client of the new dual-function system, called t...

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