“We require a solution that centralizes fuel procurement and management to drive operational excellence and cost savings,” said Casey Gourley, BNSF director of fuel management.
Houston and Fort Worth, TX (PRWEB) November 10, 2010
FuelQuest, Inc., the leading on-demand software and services company for the global downstream energy industry announced today that BNSF Railway, operator of one of North America's largest railroad networks, has extended their use of FuelQuest’s Fuel Management System (FMS) and Zytax tax automation software and services for an additional five years. Under this new agreement, BNSF’s fuel management operations will continue to support the company’s growth and North America’s increased use of intermodal transportation.
“We require a solution that centralizes fuel procurement and management to drive operational excellence and cost savings,” said Casey Gourley, BNSF director of fuel management. “FMS and Zytax allow our fuel team to simplify and streamline operations to better support the demands of our industry and the complex needs of our customers.”
FuelQuest’s FMS and Zytax solutions are important components of BNSF’s overall fuel management strategy that includes maintaining security of fuel supply, optimizing fuel purchasing, and automating fuel tax determination and compliance.
“Rail and intermodal transportation have unique challenges and complexity from a fuel supply perspective,” said Matt Tormollen, president and CEO of FuelQuest. “Since the inception of our relationship in 2006, we have collaborated closely with the BNSF team to provide greater financial control of fuel purchasing and improved visibility of fuel inventory across their vast rail network.”
FuelQuest's Fuel Management System (FMS) is the most comprehensive, end-to-end supply chain solution focused on reducing the cost of procuring, managing and accounting for bulk fuel. FMS powers the largest fuel management network in North America with more than 17 billion gallons managed annually. Over 700 customers have adopted Zytax solutions to calculate and file their energy-related indirect taxes. Processing $65 billion in taxes annually, Zytax is a proven leader within the energy industry.
BNSF Railway is one of North America’s leading freight transportation companies operating on 32,000 route miles of track in 28 states and two Canadian provinces. BNSF is one of the top transporters of consumer goods, grain, industrial goods and low-sulfur coal that help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. And we are working continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at http://www.BNSF.com .
FuelQuest provides on-demand fuel management, tax automation, and compliance solutions for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest's solutions deliver operational and financial value to over 750 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest's fuel management solutions help customers manage the complexity, regulation and market volatility for more than 17 billion gallons of gasoline and diesel fuel annually. Its Zytax solutions ensure compliance and accuracy for tens of billions of dollars of energy-related excise taxes per year. For more information, please visit us at http://www.fuelquest.com.