They are a great example of how leading transportation organizations are using fuel management automation to improve bulk fuel purchasing.
Houston, TX (PRWEB) February 07, 2012
FuelQuest Inc., the leading on-demand software and services company for the global downstream energy industry, announced today a five-year contract with J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the top five largest transportation logistics companies in North America. J.B. Hunt operates four business segments and manages a diverse fleet of trucks providing truckload, flatbed, and other transportation logistic solutions in the United States, Canada, and Mexico. Under the agreement, FuelQuest Fuel Center will be responsible for managing J.B. Hunt’s bulk fuel purchases within its terminal network.
“By partnering with FuelQuest and utilizing the FuelQuest Fuel Center, we gain capabilities that allow us to improve and streamline our bulk fuel purchasing with the automation of several manual processes,” said Craig Harper, executive vice president of operations and chief operations officer at J.B. Hunt.
With its team of fuel experts and industry-leading Fuel Management System (FMS) software, Fuel Center forecasts and sources fuel acting as a supplier-independent extension of the customer. Fuel Center assumes other critical fuel management activities including order management and fuel, freight, and tax charge reconciliation. These capabilities allow Fuel Center to provide its customers the following benefits:
- Centralized control and visibility of bulk fuel purchasing,
- Reduced working capital requirements,
- Increased security of supply, and
- Access to fuel market expertise using best-in-class technology.
Fuel Center also provides value management dashboards so customers such as J.B. Hunt can actively monitor their return on investment from the Fuel Center service.
“We are delighted to be working with J.B. Hunt on sourcing, replenishing, and reconciling their bulk fuel inventory,” said Ryan Mossman, vice president and general manager of Fuel Center. “They are a great example of how leading transportation organizations are using fuel management automation to improve bulk fuel purchasing.”
ABOUT J.B. HUNT TRANSPORT SERVICES, INC.
J.B. Hunt Transport Services, Inc. focuses on providing safe and reliable transportation services to a diverse group of customers throughout the continental United States, Canada and Mexico. Utilizing an integrated, multimodal approach, J.B. Hunt provides capacity-oriented solutions centered on delivering customer value and industry-leading service. J.B. Hunt stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. For more information, visit http://www.jbhunt.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 650 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 19 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.