This week on Taking the Hire Road, host Jeremy Reymer, founder and CEO of DriverReach, sat down with Tom Fogarty, CEO of Bestpass, to discuss how industry partnerships can save time and money.
Best Pass is a leader in supporting fleets by simplifying toll management. The company works to solve the many problems fleets face when traveling across the U.S. and has now ventured into other areas of management, including citations and the heavy vehicle use tax (HVUT).
“We help fleets with anxiety surrounding responder technology and find alternatives to registering accounts all over the country in order to avoid violations,” said Fogarty. “We make it easy to sign up and then they can go anywhere.”
When Best Pass acquired ExpressTruckTax, a HVUT e-filing system, it became a leader in this sector of the industry as well.
In a highly volatile industry, every player needs to continuously look for ways to be more efficient, especially during the threat of economic decline. Fogarty believes that strategic partnerships, including partnering with Best Pass, can make companies more prepared and efficient.
According to Fogarty, Best Pass has its “finger on the pulse” and has seen a lot of individuals leaving their current employers and going the owner-operator route. These are the most likely individuals to be hurt in the event of rates going down, he said.
“Trying to predict the economy and how it’s going to move is [complicated],” he said. “We are going to keep providing a highly efficient solution to enable our customers to manage their budgets as best they can so they can be prepared for anything and never have to worry about tolls and now taxes.”
Best Pass not only helps with management but as the tolling authorities’ largest contributor at $1.5 billion per year, the company can provide its customers with discounts and other incentives
According to Best Pass, its customers have reported that handing over management responsibilities has generated anywhere from 80% and 250% return on investment. The money and time saved has created more effective ways of doing business for many fleets, Fogarty said.
To learn more about Best Pass, visit its website.
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