In this edition of Capital Region Business Beat, Jon Dougherty introduces us to a company saving trucking companies time and money, and is doing something the Federal Government hasn't even done.
ALBANY -- You may be one of the thousands of drivers who use E-ZPass to go through tolls.
However, once out of the 15 state zone where E-ZPass is accepted, it can cause a major headache, especially for trucking companies. It would take about eight different toll transponders to drive around the country if a trucking company didn't want to pay cash.
That's where Albany-based BESTPASS comes in.
"Trucking companies desperately need it and they can't wait for the tolling authorities so they're working through us and we're providing that umbrella," said John Andrews, BESTPASS President and COO.
BESTPASS streamlines the toll process for companies with fleets of all sizes, and helps truckers get to where they need to go faster, and with one transponder.
Founded in 2001 by the New York State Motor Truck Association, BESTPASS oversees more than 120,000 big rigs from companies like FedEx, Schneider National, and Warner Enterprises.
BESTPASS recently signed on with Colorado's toll authority, E-470 Public Highway Authority, and is currently talking with the Bay Area Toll Authority in California. Florida, Texas, Oklahoma and Kansas are expected to follow by 2015. That would bring BESTPASS' coverage area to 95 percent of the country's toll roads.
BESTPASS handles about $21 million per month in tolls, or $250 million annual. Andrews said he expects that to nearly double in 2014, and said the company will be adding more jobs on top of the current staff of nearly 20.
BESTPASS also claims it is ahead in the tolling industry. The Federal Government has mandated tolling authorities across the country be compatible by the end of 2016.
BESTPASS' plans for the future go well beyond toll collecting.
"The larger vision is to take that and look and see what else we can do with it. Can you wash your truck? Can you do repairs? Gas is another obvious use of our technology," Andrews said. "To roll that over a single invoice and service department, so if you're a trucking company, you're not dealing with a million vendors. You're dealing with BESTPASS, who then deals with the vendors."
BESTPASS is another great example of a small start-up putting the Capital Region on the map.
For more information on BESTPASS, visit www.bestpass.com.
Capital Region Business Beat
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