Relay Payments has been recognized as one of the most innovative companies in the logistics industry by Fast Company. The company specializes in developing fintech products that simplify on-the-road transactions for truck drivers.
While Relay Payments is widely known for its app that enables secure charging and accepting of digital payments for “lumper fees” (the cost of loading and unloading cargo, typically paid upfront), it has recently expanded its offerings to improve the safety of gas fill-ups. In June 2023, Relay entered into partnerships with several truck stop brands, including Pilot Company and its 800 locations, to allow truckers to pay for diesel digitally. This initiative eliminates the need for physical cards, reducing the risk of skimming and other forms of fraud in the process.
With over 350,000 downloads, Relay Payments has helped truck drivers save an average of [or_text model=”openai/gpt-3.5-turbo” prompt=”You are a news editor expand and Rewrite the following article, remove references to the source, make sure the generated article is well written, makes sense and is SEO enabled:
Relay Payments is one of Fast Company’s Most Innovative Companies in logistics
Relay Payments develops fintech products that make on-the-road transactions easier for truck drivers. While the company is most known among haulers for an app that lets them securely charge and accept digital payments for “lumper fees”—the cost of loading and unloading cargo, typically paid upfront—it recently set its sights on making gas fill-ups safer, too. In June 2023, Relay partnered with several truck stop brands, including Pilot Company and its 800 locations, to let truckers pay for diesel digitally, eliminating the need for physical cards and cutting down on skimming and other forms of fraud.
Relay has been downloaded 350,000 times, saves truck drivers an average of $0.57 per gallon of diesel fuel, and saves carriers an average $20,000 per month (for a 100-truck fleet) through fraud mitigation. The company continues to expand its digital safety net across the U.S. with additional strategic store partnerships, including with convenience chains Yesway and Maverik.
Explore the full 2024 list of Fast Company’s Most Innovative Companies, 606 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 58 categories, including advertising, artificial intelligence, design, sustainability, and more.
“].57 per gallon of diesel fuel. Additionally, carriers with a 100-truck fleet have seen an average monthly savings of ,000 through fraud mitigation measures implemented by the company. As part of its expansion efforts, Relay continues to establish strategic partnerships with key store chains like Yesway and Maverik to enhance its digital safety net throughout the United States.
Fast Company’s list of the Most Innovative Companies for 2024 features 606 organizations that are reshaping various industries and cultures. These companies, including Relay Payments, are making a significant impact in categories such as advertising, artificial intelligence, design, sustainability, and more.
