Bibby Transportation Finance Offers Fast Cash on the Road with New Fuel Card
NASHVILLE, Tenn.--(Business Wire)-- Bibby Transportation Finance (BTF) announces successful national Fuel Card program. The fuel cards provide their transportation client's savings on purchases at over 4,900 truck stops, control and security over finances and fast cash when they need it most. BTF and Fleet One Fuel Card have fully integrated their services for customers with over-the-road trucks, both commercial and private fleets. BTF's clients already receive fast cash for their invoices with high advance rates and 24-hour turn around. Clients with this fuel card have the flexibility to receive funding directly onto their cards, and the benefit of enjoying user discounts and security features. BTF specializes in providing funding to transportation companies from owner-operators to large fleets. Their accounts receivable funding program has high advance rates up to 97%, featuring flexibility, low fees, and superior customer service. Eric Hunter, CEO of Bibby Transportation Finance, states, "The fuel card is another way we can provide our clients with the best possible cash flow solutions. Owners have the control to decide who uses the cards, what they can buy, how much to spend, and where to spend it. Coupled with our accounts receivable finance program, great discounts, and fuel rebates, this is an ideal option for any transportation business." Bibby Transportation Finance is part of the global receivables finance company Bibby Financial Services, which has doubled its clients and volumes in 2007 over 2006 and expects similar strong growth levels in 2008. BFS has an ever expanding regional presence throughout North America with businesses in Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, Toronto and West Palm Beach. The group has in recent years embarked on an aggressive growth strategy driven by a unique business model of autonomous companies, designed to ensure it delivers a market-leading service to its clients. Notes to Editors Bibby Line Group is a business-to-business services group involved in ship owning and operation, shallow water accommodation, offshore oil field services, contract logistics, financial services, memorial parks, employment law and health and safety advisory services, and retail. Bibby Financial Services is a world wide, market leading specialist of business cash flow solutions to small and medium sized enterprises. Their product portfolio includes receivable finance, factoring, export finance, purchase order finance, and specialist solutions for the staffing and trucking sectors. Operating via a global network of 29 autonomous operating companies in the United States, Canada, the United Kingdom, France, Germany, India, Ireland, Poland, Czech Republic, Slovakia and Australia the group purchased more than $10 billion dollars of receivables and had more than 7,000 clients worldwide. For more information on Bibby Financial Services, visit www.bibbyusa.com www.bibbycanada.ca www.bibbytf.com www.bibbystaffingfinance.com www.bibbyfinancialservices.com For more information on The Bibby Line Group of Companies, visit www.bibbygroup.co.uk. Bibby Financial Services Jennie Wills, VP Marketing jwills@bibbyusa.com (630) 493-3106 Copyright Business Wire 2008
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