SOUTH PORTLAND, Maine – Mar. 22, 2012 – Wright Express Corporation (NYSE: WXS), a leading global provider of value-based business payment processing and information management solutions, in collaboration with IHS, the leading global source of information and analytics, today released results of its Wright Express Construction Fuel Consumption Index (FCI), which indicated a decrease of 0.6% in February versus its level the previous year. The Wright Express Construction FCI measures national fuel consumption statistics for the construction industry, which provides an accurate and up-to-date indication of construction activity in the United States. The construction segment comprises approximately 20% of the Wright Express portfolio of customers. Wright Express worked with IHS to capture and analyze transaction data from its closed loop network of more than 180,000…
The lesson learned through the peaks and valleys of business cycles is that strong cash flow can be the difference between success and failure for a construction company. During the leanest of times, poor cash flow can result in business failure more so than any other attribute of a business model. So in today’s economy, it’s more important than ever for contractors to closely monitor their operations and determine how they can improve their cash flow.