HOUSTON -- Circle K Stores Inc. and FuelQuest Inc., a leading on-demand software and services company for the global downstream energy industry, have forged a six-year renewal with for the use of FuelQuest's Fuel Management System (FMS). FuelQuest's FMS will be available to all affiliates and subsidiaries within the Alimentation Couche-Tard Inc. family.
Circle K and FuelQuest have collaborated since 2004 to address fuel management challenges and the current agreement extends their relationship into 2014.
"After performing a comprehensive review of our fuel program as part of our [image-nocss] ongoing business strategy analysis, we moved quickly to solidify our long-term relationship with FuelQuest," said Brian Hannasch, senior vice president of U.S. operations for Laval, Quebec-based Couche-Tard, Circle K's parent company. "We have been pleased with both the value we have received from FuelQuest's solutions and their willingness to collaborate as true partners to solve our fuel management challenges."
FMS is a comprehensive, end-to-end supply chain solution focused on reducing the cost of procuring, managing and accounting for bulk fuel. It powers a North American fuel management network with more than 15 billions gallons managed annually.
"This latest extension of our relationship reflects the hard work from both Circle K's and FuelQuest's teams to enable new business models and expand the breadth and depth of Circle K's fuel supply network," said Matt Tormollen, executive vice president of Houston-based FuelQuest. "We will continue to focus on driving the value of our solutions within Circle K and across the Couche-Tard family while providing the world-class support our customers appreciate."
FuelQuest provides on-demand, web-based supply chain management and tax automation technologies for suppliers, distributors, buyers and traders of petroleum products and other energy commodities to more than 750 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest solutions help customers manage the complexity, regulation, and market volatility of billions of gallons of gasoline and diesel fuel annually. ZyTax solutions process tens of billions of dollars of motor fuels excise taxes per year.
Currently, there are more than 2,100 Circle K stores across the United States and more than 4,000 international locations.
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