Established in 1919 as Lyden Oil, truenorth supplies petroleum to more than 320 stores throughout Illinois, Ohio and Michigan through its truenorth Trucking subsidiary. The company will use FMS and ForeSite to automate its fuel inventory forecasting, planning and dispatching to reduce operating costs, increase fuel margins and improve truck [image-nocss] 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 Toledo, Ohio-based 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, it said, 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 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 Houston-based FuelQuest. "Regional companies like truenorth realize that fuel management automation can transform fuel into a competitive market advantage."
FuelQuest provides on-demand fuel management, tax automation and compliance solutions for suppliers, distributors, buyers and traders of petroleum products and other energy commodities. Its solutions deliver operational and financial value to more then 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.
truenorth is a joint venture between the Toledo, Ohio-based The Lyden Co. and Shell Oil Products US (SOPUS), Houston. Together, they operate or supply more than 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 more than 100 convenience stores under the truenorth brand featuring a variety of signature brands.
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