HOUSTON, TX--(Marketwired - May 6, 2014) - 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 2014, FuelQuest's annual fuel industry and user conference, the FuelQuest Q Awards recognize suppliers that provide superior services and products to FuelQuest's retail and commercial customers. The winners of this year's awards are Penn Tank Lines, SC Fuels, and U.S. Oil & Refining.
"We are pleased to announce this year's FuelQuest Q Award winners," said Phil Fraher, CEO of FuelQuest. "We saw a number of suppliers and carriers have strong years delivering fuel and providing services to our customers. Three though stood out as having provided outstanding service and we would like to recognize them for their achievements."
The following suppliers are this year's FuelQuest Q Award winners:
- Carrier of the Year: Penn Tank Lines
Penn Tank Lines had the best all-around performance of carriers that work with FuelQuest last year. Penn Tank Lines handled the greatest percentage of load shift requests, saving FuelQuest customers thousands in fuel costs, while maintaining category leading retain and run-out rates.
- Supplier of the Year - Delivered: SC Fuels
SC Fuels posted excellent run-out, retain, and load shifting numbers, while maintaining a category-leading invoice accuracy rate during 2013.
- Supplier of the Year - FOB Rack: U.S. Oil & Refining Co.
For the second year in a row, U.S. Oil & Refining again 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 delivery data, the winners were chosen amongst the vast network of almost 600 suppliers and carriers serving FuelQuest's retail and commercial companies.
FuelQuest provides on-demand fuel management software and services for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest enables companies to take advantage of wholesale fuel price volatility and drive costs out of their fuel operations. FuelQuest's solutions deliver operational and financial value for companies responsible for more than 22 billion gallons of gasoline and diesel annually. FuelQuest is a proud winner of the 2014 Petroleum Marketers Association of America's (PMAA) Best in the US award for Fuel Management Program. Learn more at www.fuelquest.com.