SOURCE: FuelQuest

FuelQuest

April 25, 2013 13:00 ET

FuelQuest Q Award Winners Announced at GRAIL 2013

Falcon Fuels, Pro Petroleum, and U.S. Oil & Refining Recognized in Annual Awards

SAN DIEGO, CA--(Marketwired - Apr 25, 2013) - FuelQuest Inc., the leading on-demand software and services company for the global downstream energy industry, today announced the winners of the annual FuelQuest Q Awards. Presented during GRAIL 2013, FuelQuest's annual fuel industry and user conference, the FuelQuest Q Awards recognize companies that provide superior services and products to FuelQuest's retail and commercial customers. The winners of this year's awards are Falcon Fuels, Pro Petroleum, and U.S. Oil & Refining.

"We are pleased to announce this year's FuelQuest Q Award winners," said Matt Tormollen, president and CEO of FuelQuest. "The downstream fuel market is highly competitive. Consequently, fuel distributors and suppliers of all sizes must provide superior customer service to prosper. Those that provide this level of service become trusted suppliers and partners. FuelQuest is proud to recognize these three companies for excelling in their respective areas and congratulate them on winning this year's Q awards."

The following suppliers and carrier are this year's FuelQuest Q Award winners:

  • Carrier of the Year: Pro Petroleum, Inc.
    For the second consecutive year, Pro Petroleum processed the highest percentage of load shift requests, saving FuelQuest customers thousands of dollars in fuel costs while maintaining low run-out and retain rates. A "load shift" is moving a scheduled fuel delivery forward or back to take advantage of price changes.
  • Supplier of the Year - Delivered: Falcon Fuels Inc.
    Falcon Fuels posted excellent run-out and invoice accuracy rates and achieved the greatest percentage of load shifts overall.
  • Supplier of the Year - FOB Rack: U.S. Oil & Refining Co.
    U.S. Oil & Refining achieved an industry-leading invoice accuracy rate without a single supply disruption event.

To determine the winners in each category, FuelQuest analyzed a full year of carrier and supplier scorecard data within the FuelQuest Fuel Management System (FMS). The scorecards track supply, dispatch, and delivery data for millions of fuel transactions. Based on categories such as load shifting, invoice accuracy, run-outs, retains, and minimum delivery volumes, the winners were chosen amongst the vast network of companies serving FuelQuest's retail and commercial companies.

ABOUT FUELQUEST
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 20 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 www.fuelquest.com.

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