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Coast Launches First All-In-One Card and Expense Platform Built Exclusively for Fleet Businesses
Coast expands beyond a fuel card to help finance teams save 10% on their corporate card spend and close their books 1.5 days earlier with all-in-one expense platform NEW YORK, July 17, 2025 /PRNewswire/ -- Coast, a financial platform for companies operating vehicle fleets, today announced the launch of its new corporate card and expense management platform, giving residential and commercial services trades, construction, specialty transportation, and more a single system to manage fuel, employee, and vendor spend. The platform is now available to all Coast customers at no additional cost. With this expansion, Coast moves beyond fleet cards to become the first comprehensive card and expense management solution tailored for fleets, empowering businesses to manage fuel, employee, and vendor spend on a single, modern platform. "Most corporate card solutions were built for office-based employees. They can't handle mobile teams, job-specific spend, and the operational complexity that companies with operations in the field face", said Daniel Simon, CEO of Coast, "Coast delivers a vertical-specific solution that works for the field, the front office, and the finance team alike." While modern expense platforms have grown in use within office environments, most construction and trades businesses continue to rely on outdated, manual systems due to their unique needs and diverse spend types, across inventory and supplies purchasing, field expenses including fuel, vehicle maintenance, hotels and rental cards - all of which may need to be associated with specific customers and jobs for billing workflows. In April 2025 Coast surveyed 95 fleet businesses to better understand how they manage expenses today: Only 10% use a dedicated expense management solution 53% still rely on traditional expense reports 42% take longer than six days to close the books each month This lack of purpose-built tools creates significant drag: missing receipts, inconsistent compliance, overspending, and wasted time. Coast's expansion into expense management brings together all card spending — fuel, employee purchases, and vendor payments — on one single platform. The platform includes features like mobile receipt capture, accounting integrations with QuickBooks, NetSuite, and other platforms, virtual cards for vendor payments, and customizable spend controls. Coast piloted the new platform with a group of existing customers, including businesses in HVAC, pest control, and field services. They reported: 10% reduction in overall card spend 1.5 days saved per month on reconciliation 19% improvement in receipt collection "The Coast team didn't just hand us a tool, they worked with us to automate accounting, integrate with NetSuite, and tailor it to our needs. Now, everything is in one place, from receipts to job codes.", said Emilio Solis, Accounting Manager at FC Traffic Control. Coast Expense Management is available today to all customers, at no additional cost, and with no setup fees. Learn more at About CoastCoast is re-imagining the trillion-dollar US B2B card payments infrastructure, with a focus on the country's 500,000 commercial fleets, 40 million commercial vehicles, and many million commercial drivers. Drivers, fleets, and the merchants that serve them all increasingly demand modern digital payments experiences and affordable and transparent financial services products. Coast's mission is to deliver them at a transformational scale and to improve working lives in one of the country's biggest industry sectors. Coast is founded and led by Daniel Simon, who previously co-founded digital payments platform Bread ( which was acquired by Alliance Data Systems for more than $500 million in 2020. For more information, visit Contact Angela Guidopress@ View original content to download multimedia: SOURCE Coast Sign in to access your portfolio
Yahoo
15 minutes ago
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Abbott's Q2 revenue tops expectations but shares fall
-- Abbott Laboratories reported second-quarter earnings that slightly exceeded analyst expectations, but shares fell 2.5% following the results. The healthcare giant posted adjusted earnings per share of $1.26 for the second quarter, edging past the analyst consensus of $1.25. Revenue came in at $11.42 billion, significantly above the $11.07 billion analysts had expected, representing a 7.4% increase on a reported basis and 6.9% on an organic basis. When excluding COVID-19 testing-related sales, organic growth was 7.5%. The company's full-year 2025 EPS guidance came in at $5.10 to $5.20 compared to the analyst consensus of $5.16. Medical Devices led growth with a 13.4% revenue increase, driven by strong performance in Diabetes Care where sales of continuous glucose monitors, including the FreeStyle Libre system, grew 21.4%. The Established Pharmaceuticals division saw 6.9% growth, while Nutrition sales increased 2.9%. "Halfway through the year, we delivered high single-digit organic sales growth, double-digit EPS growth, significantly expanded our margin profiles, and continued to advance key programs through our new product pipeline," said Robert B. Ford, chairman and chief executive officer. "We see this momentum carrying into 2026." The company reported improved profitability with adjusted gross margin of 57.0% of sales, reflecting a 100 basis point increase, and adjusted operating margin of 22.9%, also up 100 basis points. For the full year 2025, Abbott projects organic sales growth of 7.5% to 8.0% excluding COVID-19 testing-related sales, or 6.0% to 7.0% when including these sales. The company also expects adjusted operating margin to be approximately 23.5% of sales. Related articles Abbott's Q2 revenue tops expectations but shares fall Surge of 50% since our AI selection, this chip giant still has great potential Apollo economist warns: AI bubble now bigger than 1990s tech mania
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Union Pacific Corporation Announces Second Quarter 2025 Earnings Release Date
OMAHA, Neb., July 17, 2025--(BUSINESS WIRE)--Union Pacific Corporation (NYSE: UNP) will release second quarter 2025 financial and operating results on Thursday, July 24, 2025, at 7:45 a.m. ET. The company's management team will host a conference call and live webcast at 8:45 a.m. ET. Parties interested in participating via teleconference may dial 877-407-8293. International callers may dial 201-689-8349. A live webcast of the presentation and materials will be available in the investor relations section of Union Pacific's website at A replay of the audio webcast will be available shortly thereafter. ABOUT UNION PACIFIC Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at View source version on Contacts Union Pacific Investor Contact: Diana Prauner at 402-544-4227 or dprauner@ Media Contact: Clarissa Beyah at 402-957-4793 or cbeyah@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
