“FuelQuest will provide us the fuel management visibility and scalability we need to support the growth of our business,” said Mickey Conway, vice president of Trucking at truenorth.
Houston, TX (PRWEB) May 12, 2011
FuelQuest Inc., the leading on-demand software and services company for the global downstream energy industry, announced truenorth energy, llc, a petroleum distributor and convenience store operator, has selected FuelQuest’s Fuel Management System (FMS) and ForeSite. Established in 1919 as Lyden Oil, truenorth energy supplies petroleum to more than 320 stores throughout Illinois, Ohio, and Michigan through its truenorth Trucking subsidiary. They will use FMS and ForeSite to automate their fuel inventory forecasting, planning, and dispatching to reduce operating costs, increase fuel margins, and improve truck utilization.
“FuelQuest will provide us the fuel management visibility and scalability we need to support the growth of our business,” said Mickey Conway, vice president of Trucking at truenorth. “After more than 90 years in business, greater automation will allow us to decrease fuel costs and improve utilization of our trucks.”
FuelQuest powers the largest bulk fuel management network in North America providing its customers with an end-to-end solution that lowers the cost of procuring, managing, and accounting for fuel. FMS and ForeSite will streamline truenorth fuel operations enabling:
- Fewer run-outs and retains through frequent, automated polling and just-in-time inventory management,
- Lower working capital requirements by optimizing fuel inventory levels, and
- Reduce overall fuel costs with automated inventory management, a self-service dealer portal, and easy to use truck scheduling tools.
“FuelQuest is excited to work with truenorth on realizing a fuel management strategy that lessens the impact of volatile fuel prices,” said Scott Cilento, senior vice president of operations at FuelQuest. “Regional companies like truenorth realize that fuel management automation can transform fuel into a competitive market advantage.”
truenorth energy, llc (truenorth) is a joint venture between the Ohio-based The Lyden Company and Shell Oil Products US (SOPUS). Together, they operate or supply over 320 Shell franchise sites in communities throughout Illinois, Ohio, and Michigan. Primary markets include Chicago, Cleveland, Toledo, Dayton, Youngstown, Columbus, and Detroit. Store locations include over 100 convenience stores under the truenorth brand featuring a variety of signature brands.
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 18 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. Learn more at http://www.fuelquest.com.