DENVER -- DTN, a business-to-business provider of real-time market, news and weather information services, said that TransMontaigne Inc., a refined petroleum products marketing and distribution company, is now selling products through the DTN Exchange, an online fuel transaction platform that assists businesses in making decisions via the Internet.
TransMontaigne is currently using the DTN Exchange in select terminals in Georgia, North Carolina and Virginia.
For several years now, TransMontaigne has used Omaha, Neb.-based DTN's [image-nocss] services, and has now implemented the DTN Exchange as a new, value-added sales channel for its customers.
We are excited about providing our customers the ability to seamlessly purchase and reserve products at real time valuations, said Rod Hilt, executive vice president of TransMontaigne. Our customers who utilize the DTN Exchange for purchases will be able to reduce the risk and cost of trying to find product at competitive prices resulting in tangible cost reductions.
The DTN Exchange is a fuel trading exchange with market pricing that can be based on the New York Mercantile Exchange (NYMEX). It is a tool for buyers and sellers to efficiently capture rack orders, manage price and inventory and boost sales or protect inventory at specific terminals. Sellers can communicate current prices, optimized according to market, inventory and demand. Buyers can secure fuel volume and lock in price. Both receive transaction notifications for inventory management, timely hedge actions, backoffice integration and efficient dispatch management, the company said.
By selling product through the DTN Exchange, TransMontaigne will be providing its customers access to real time product valuations with guaranteed supply.
TransMontaigne Inc. is a refined petroleum products marketing and distribution company based in Denver, with operations in the United States, primarily in the Gulf Coast, Midwest and East Coast regions. The company's principal activities consist of terminal, pipeline and tug and barge operations, marketing and distribution, (supply chain management services and managing the activities of TransMontaigne Partners LP. The company's customers include refiners, wholesalers, distributors, marketers and industrial and commercial end-users of refined petroleum products.
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