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12/13/2011 -- Fuel: Making the Difference for Foodservice Fleets in 2012 While 2011 has been a tremendously challenging year for foodservice fleets of all sizes, 2012 looks to bring more of the same. Fuel costs in 2011 climbed to levels not seen since 2008 with even greater price swings, and a number of severe weather events across the country wreaked havoc on logistical plans. Instability and political events in the Middle East continue to add pressure to supply translating into higher fuel prices and a greater burden on fuel manager budgets. Higher fuel prices have also meant alternative methods of transportation, such as rail, are gaining ground on foodservice fleets. Food Logistics, December 13, 2011
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12/2011 -- Victron Energy Grows Through Unique "Mega Store" Model Victron Energy, a fuel distributor that leases 115 convenience stores and supplies fuel to more than 200 locations, attributes its success and growth during these difficult economic times to its unique franchise model and utilizing automated fuel management technology to save significant expense dollars through load shifting, improved retains and runouts, and lower administrative costs. CSNews, December 2011
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11/04/2011 -- How to Plan Ahead for the Next Fuel Supply Shortage Although electric power is returning to many municipalities in the Northeast following last weekend's rare October snowstorm that dumped as much as 20 inches within a 24-hour period on some towns, there are still areas without power leading to fuel supply disruptions throughout the region. CSNews, November 4, 2011
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10/01/2011 -- Volatile Reaction: As Retailers and Marketers Face Shorter Fuel Profit Cycles, It's Time to Grab the Opportunities Volatility is often considered beneficial and even a friend of fuel retailers, providing opportunities to recoup margin lost during profit-squeezing price spikes. If the past several months are any indication, it's evolving into a frequent houseguest-for better and for worse. CSP.Net, October 2011
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09/30/2011 -- Everything You Ever Wanted to Know About Motor Fuels Excise Taxes, But Were Afraid to Ask Motor fuels excise taxes are the primary source of revenue for road and bridge projects in the United States. These are indirect taxes which means they are collected by one party from another party and then remitted to the government. Of all the taxes levied, motor fuels excise taxes tend to be the most complex and change frequently. NPN Magazine, September 2011 Issue
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09/27/2011 -- A Volatile Problem Fuel touches all of us. So does its volatility-and not just its physical properties. It's volatility in price, in tax rates and in contracting."We've seen businesses stop or cut back on offerings because they can't manage fuel costs," says Matt Tormollen, President and CEO of FuelQuest, a Houston-based provider of on-demand fuel management systems and outsourcing services. "Ultimately, when fuel prices go beyond a certain point, even state and local governments cut back on critical services such as police patrols or school busing." Supply & Demand Chain Executive, September 2011
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8/01/2011 -- Is Debranding Right for Me? Considerations in Going It Alone The names and logos of major oil companies are displayed across the country on gas stations owned by independent petroleum marketers. While affiliation with a major brand provides benefits, including national advertising, name recognition and consistent supply, there are also costs. These disadvantages may cause marketers to consider debranding. In this article, FuelQuest VP and GM Fuel Services, Ryan Mossman, discusses considerations around margin, sourcing, and contracts. (See Page 10.) PMAA Journal, Summer 2011
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7/01/2011 -- Knowing Is Half the Battle It has been a rollercoaster year so far in terms of fuel prices. Diesel and gasoline have risen above $4 per gallon, and oil has surpassed the $100 per barrel mark. The fuel market has also experienced great volatility in fuel prices. February saw gas prices rise 17 cents in one week, and May saw a drop of 22 cents in just one day. These price swings are not atypical. The continued unrest in North Africa and the Middle East are at the heart of rising prices in the first half of the year. The question many are asking is whether 2011 will prove as bad as what we saw in 2008. Possibly. Aggregates Manager, July 2011
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7/01/2011 -- Increased Efficiencies: Cumberland Farms Streamlines Fuel Operations Retailers that sell gasoline have long been challenged to maintain margins and reduce costs related to retains and run-outs and other operating expenses. It's even more of a priority today, given the volatile fuel market and increased competitive pressures. ChainStoreAge, June/July, 2011
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6/17/2011 -- Developing a Fuel Strategy Amid Soaring Costs With gas prices skyrocketing, retailers are feeling the squeeze from every angle. But there are unique opportunities for savvy retailers to reduce fuel expenditures, which will afford them a better margin while remaining competitive on street pricing. Convenience Store Decisions, June 17, 2011
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6/14/2011 -- Retailers' Bottom Line Improves with Fuel Management In a CSNews Online Webinar sponsored by FuelQuest Inc., "Learn How Retailers are Managing Fuel as a Competitive Advantage," 36.3 percent of participants said they were using fuel as a competitive advantage. And those respondents may have learned firsthand that fuel management not only gives operators control over their fuel operations, but oftentimes results in major savings. CSNews, June 14, 2011
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5/23/2011 -- Getting Ready for More Volatile Fuel Prices with Fuel Purchasing Strategies Rising and volatile fuel prices are applying significant pressure to commercial fleet operational plans and budgets. VP and GM Fuel Services, Ryan Mossman, outlines fuel purchasing strategies that provide benefits beyond simply reducing fuel costs and gaining better planning predictability. He lists how managers can free working capital for other uses within the company and gain a competitive edge in the market with more efficient, cost-effective operations. Heavy Duty Trucking Online, May 23, 2011
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6/1/2011 -- Auto Delivery For a fleet as large as UPS, which has about 100,000 vehicles, monitoring fuel inventory levels and delivery schedules can be a logistical nightmare. Never mind the paperwork nightmare that comes with ensuring the proper amount of fuel was delivered at the right time, at the right price, with the correct amount billed and taxes paid. Clearly, automation was needed. Fleet Owner, June 1, 2011
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5/17/2011 -- Truckstop & Lagniappe Palace Truck Stop & Casino owner, Robert Horton, highlights how FuelQuest Fuel Center helps him purchase fuel in a competitive way and achieve his goal of being the best truckstop in Louisiana. CSP.Net, May, 2011
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5/1/2011 -- Down to the Last Cent Being a fuel distributor can add to your bottom line. You try to save pennies in this business, because in high-volume transactions like fuel purchasing, the pile stacks up quickly as diesel prices climb (now above $4 a gallon). CCJDigital, May 1, 2011
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4/14/2011 -- Tools for Fuel Management FuelQuest VP of Marketing David Zahn discusses how automating the fuel logistics process is a necessity for small retailers looking to expand their operations. NPN Petroleum & Convenience, April 14, 2011
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4/07/2011 -- Refinery Tracker Hart Energy's Refinery Tracker (RT) caught up with the executives of FuelQuest Inc., a high-growth information technology and service provider in the downstream refined product marketing space that is re-making retail operating economies. (See Page 22.) Hart Energy Publishing, Volume 3, Issue 7, April 7, 2011
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4/01/2011 -- Fueling Public Sector Fleets FuelQuest VP and GM, Fuel Services Ryan Mossman highlights how fuel strategies used by private sector fleets may prove useful for public sector fleets as well. Government Fleet, April 2011
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3/29/2011 -- Supplying the Demand Ahead FuelQuest President & CEO Matt Tormollen weighs in on the fuel mix of the future and how fleets are investing in alternatives to petroleum due to price constraints and emission concerns. HartEnergy, March 29, 2011
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3/01/2011 -- Fueling Concern Outsourcing can help your waste firm navigate a volatile fuel market. Waste Age, March 1, 2011
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3/01/2011 -- Knowing is Half the Battle David Zahn, VP of marketing for FuelQuest, discusses the value of benchmarking to identify areas of fuel savings NAFA Fleet Perspectives - Public Service Edition, March 2011
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2/22/2011 -- The New World for Suppliers - Participating in a Fuel Network
Ryan Mossman, vice president and general manager of fuel services for FuelQuest, is featured in the 2011 National Petroleum News State of the Industry Report (see Page 23).
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1/1/2011 -- Fuel Insurance Ryan Mossman, vice president and general manager of fuel services for FuelQuest, discusses strategy for saving fuel costs such as purchasing fuel in bulk for terminal locations. By doing this, carriers typically realize savings of 10 to 20 percent in fuel costs with bulk fuel. CCJDigital, January 2011
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1/1/2011 -- Fueling the Waste Industry Ryan Mossman, vice president and general manager of fuel services for FuelQuest discusses outsourcing strategies for procuring, managing, and accounting for fuel. WasteAdvantage Magazine, January 2011
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12/01/2010 -- Fueling Business: Keep It Full vs. Just-In-Time Canadian retailers have a number of fuel procurement strategies at their disposal. One key strategic area that is often not managed as deeply as it could be is inventory strategy. C-Store Canada, December 2010
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11/01/2010 -- Software-as-a-Service for the Tax Industry: Considerations When Choosing the Right Vendor Software-as-a-Service (SaaS) is a well-established and growing industry. The hosting, support, and maintenance of a commercial software package managed by a service provider can be a good strategy for organizations of all sizes. According to Gartner, there has been a 27 percent increase in SaaS revenue this year, up to $6.4 billion.Though CRM and content management systems are leading the SaaS growth list, finance and tax options are rising. ACT Tax Tech eNews, November 2011
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10/01/2010 -- Fueling Food Transport-Oustourcing Strategies Food manufacturers practically invented supply chain fundamentals. As industry costs increased, profit margins tightened, and FDA regulations intensified, food executives assessed every part of the production and logistics process to streamline operations.. Food Logistics, October 2010
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9/01/2010 -- Stopping the Leak Companies offer solutions for station owners to minimize disastrous environmental consequences. C-Store Canada, December 2010
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10/27/2010 -- Fueling Business for Fleets: Want to Reduce Fuel Costs? Consider Becoming a Licensed Distributor Fuel is a major cost item for companies with fleets, and controlling that cost is a significant success driver (pun intended) for businesses. There are a number of options available to companies looking to reduce their fuel costs. OPIS Finance and Investment Guide, October 2010 Edition
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10/25/2010 -- Q&A: He's Working to Save Companies Money on Fuel Founded in 1999, FuelQuest today says it's the largest fuel-management network in North America, with more than 750 retailers and fleet and transportation companies. CEO Matt Tormollen recently spoke with the Chronicle's Hiba Adi. These are excerpts of that conversation. Houston Chronical, October 25, 2010
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9/30/2010 -- Fueling Business for Fleets a Fork in the Road: Take It For companies that own their own trucks, fuel is a major expense. Whether keeping trucks rolling is your core business, or the fleet of trucks enables your business, any volatility in fuel costs can disrupt even the most careful operational planning. OPIS Technology Guide , September 2010 Edition
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7/01/2010 -- How to Prepare for Potential Renewable Fuel Implications According to the Renewable Fuels Association's (RFA) 2010 Outlook Report, the industry produced a record 10.6 billion gallons of ethanol in 2009, and will produce an estimated 36 billion gallons in 2022. Today, ethanol is blended in 80% of the nation's gasoline. OPIS , July 2010 Edition
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7/14/2010 -- CSNews Exclusive: Lucky Deuces Saves Money on Fuel with FuelQuest When he decided to attend Roady's Truck Stops 2010 Annual Meeting in January of this year, Manish Sthanki, owner of Lucky Deuces Casino and Truck Stop in Duson, La., wasn't looking for someone to help manage his fuel. CSNews, July 14, 2010
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6/23/2010 -- Three Tips and a Rule of Thumb for Fleet Fueling During Hurricane Season Experts predict 2010 will produce a very active hurricane season, raising the specter of diesel supply disruptions and fleets running out of fuel. 16th Annual OPIS Fleet Fueling Conference & Exhibition Headlines
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4/01/2010 -- Operational Compliance for Business Results As fuel marketers enter the new decade, it isn't enough to operationally do the bare minimum and expect to reach-dare exceed-business goals. Price volatility will continue. Supply will fluctuate. Weather patterns remain unpredictable and the EPA is boosting regulations. SIGMA IGM Magazine, March/April 2010 Issue
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3/20/2010 -- For Gasoline Prices, It's Time for the Climb Ryan Mossman, vice president and general manager of fuel management for Houston-based FuelQuest, which provides software and services for the downstream energy industry, suggested that oil prices essentially reflect overly optimistic economic forecasting by financial firms and government entities. Houston Chronicle, March 20, 2010
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3/2010 -- Managing Underground Bulk Fuel Storage System FuelQuest's Scott Cilento discusses how to improve operating margins, reduce risk of regulatory fines because of leakage and to prevent theft or loss, operators of bulk fuel inventory storage systems must look beyond the basic requirements. Fuel Magazine, March 2010
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The Army and Air Force Exchange Service, a Dallas organization that oversees more than 12,000 stores used by military personnel worldwide, has inked a deal with FuelQuest Inc. to help manage its use of fuels for vehicles. The contract is worth $15.5 million over a five-year period, according to an AAFES spokesman. Dallas Business Journal, March 15, 2010
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2/25/2010 -- Fuel Center Customer Debuts United Express Beginning March 1, fuel stations at most United Supermarkets, Market Street and Amigos United grocery store locations will take on a new look. At that time, the company will introduce its own brand of fuel, United Express Fuels, at 19 of its 22 fuel stations companywide. CSP.Net, February 25, 2010
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1/16/2010 -- Figures On Diesel Use Tell a Sluggish Story If the consumption of diesel fuel is an indicator of economic growth, the road to recovery will likely stretch well into this year. Ryan Mossman, vice president and general manager of fuel services for Houston-based FuelQuest, which manages fuel supplies for bus, food distribution and waste companies, among others, said that even when customers increased diesel orders, it was because they had lengthened hauls to maximize resources. Houston Chronicle, January 16, 2010
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01/01/2010 -- New England Petroleum Distributor Upgrades Operating Technology to FuelQuest Not many companies "luck" into celebrating a 100th anniversary. To reach that level of success, they must be able to adjust to an ever-changing marketplace and willing to try new technologies in order to keep the business moving forward. Bulk Transporter, January 1, 2010
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10/27/2009 -- Fleet Operators Turn to Outsourced Fuel Management to Mitigate Price Volatility and Costs without Compromising Supply Security For companies with fleets to power, equipment to operate and cargo to deliver, fuel is an essential part of business. Therefore, minimizing costs and ensuring supply security to procure and manage bulk fuel are top priorities for fleet operators. OPIS Investment and Finance Guide, November 2009 Edition
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9/29/2009 - Diesel Prices Expected to Near $3 Range Crude will likely stay in the $50- to $75-a-barrel range with diesel prices expected to stay around $2.50 a gallon this year and as high as $2.88 a gallon in 2010, predicted the Institute's Richard Weissman during a Webinar hosted by FuelQuest, a fuel management software company. The Trucker, September 29, 2009
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6/22/2009 -- The Ups and Downs of Diesel Last summer, as Americans strained to pay $4 for gasoline, truck drivers and other users of diesel fuel were paying nearly $5 per gallon to fill their tanks, and the price gap between the two fuels appeared to be widening. Not so anymore. Houston Chronicle, June 22, 2009
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06/01/2009 -- NACStech Show Floor Report, Part II CSP discusses retailers and fuel-supply efficiency with Greg Salverson, director of global business solutions, FuelQuest, at the May 2009 NACStech conference. CSP Daily News, June 1, 2009
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05/23/2009 -- Face to Face with Matt Tormollen Houston Business Journal sits down with FuelQuest President and CEO Matt Tormollen. Houston Business Journal - Week of May 22-28, 2009
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05/22/2009 -- Smart Shopping Fuel buying strategies for today's market. StopWatch - May/June 2009
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05/03/2009 -- Beat the Price at the Pump Price hedging can help transit agencies reduce overall fuel costs, but it isn't without risk. Mass Transit - April/May 2009
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05/02/2009 -- Fuelling Profits in the Credit Crunch Software and services company FuelQuest has issued a set of guidelines aimed at helping petro retailers operate successfully during the recession. FORECOURTtrader.co.uk - 05/2009
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04/24/2009 -- Make Every Drop Count; Account for Every Drop As volatile as the supply and pricing of fuel has become, there are those in the industry who believe the time is now for its more careful management. Consider all the operational activities related to refueling and it makes economic sense to connect with a professional fuel supplier who can deliver a fuel management strategy to maneuver through shortages, adverse weather and all the other challenges. BusRide Magazine - Volume 2009, Issue 4-4 2009
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03/27/2009 -- Dashboards Are Different Today Meat Loaf sang "Paradise by the Dashboard Light," but when information technology providers talk about dashboards, they have something else in mind. In the parlance of information technology, a "dashboard" is an easy-to-read format providing vital information on a computer screen. Such dashboards are fundamental to "business intelligence" (BI) technology systems. NPN MarketPulse - March 26, 2009
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03/02/2009 -- Fleet Fuelling For companies that rely on fuel as a business enabler, 2008 will be remembered as a year of unprecedented highs, lows, and unpredictability. As the industry looks forward to 2009 and beyond, the critical issue is not whether prices will consistently rise or fall, but managing and, where possible, capitalising on the price volatility that is the new reality. Petroleum Review - February 2009
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02/26/2009 -- Creating a Renewable Opportunity with FuelQuest Regardless of the media debate, renewable energy is a growing market with strong government support and, if properly managed, real business benefit. Maximizing your margin on renewable energy requires flexibility in your business model as well as the technological approach used to manage it; specifically when handling changes in government regulations and supply dynamics. OPIS Renewable Fuels Supply, Febuary 2009 Edition
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02/12/2009 -- Fill 'Er Up In today's business environment where fuel prices have more ups and downs than a roller coaster ride, managing fuel cost is more important than ever to the success of a distribution fleet. BeverageWorld - 02/2009
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02/03/2009 -- Insite Magazine on FuelQuest PEIMF interviews FuelQuest in Insite Magazine. Winter 08/09 Issue No. 41
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01/03/2009 -- Fuel Savings Aggregates managers can reduce fuel consumption in numerous ways throughout their operations. A few of these opportunities include purchasing fuel at the best available price, training drivers to use best practices behind the wheel, and implementing a thorough preventative maintenance regemin for mobile equipment. Aggregates Manager, January 2009
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12/02/2008 -- Managing Fuel Volatility - Is There a Better Way? Couple the current fuel price volatility with issues of supply security and all fleet operators are faced with the dilemma of how to manage an increasingly complex motor fuel supply chain. Ryan R. Mossman, Vice President & GM Fuel Management at FuelQuest, explains how outsourcing this difficult challenge to external experts can reduce costs, increase supply security and allow fleet operators to focus on their core business. International Fleet World, November-December, 2008
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10/29/2008 -- Gustav and Ike Rattle Southeastern Supply Supply an issue, but panic an even bigger issue. NPN Petroleum & Convenience Magazine - October 2008
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09/30/2008 -- Going with the Flow Successfully managing a retail fuel operation in today's fickle market can be daunting since price volatility can undermine predictability in purchasing, pricing, and sales. Because handling a high-volume, low-margin product like fuel is so complicated, many convenience store operators are turning to technology for assistance. Convenience Store Decisions, September 2008
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08/20/2008 -- Fueling the Success of the Fleet Rapidly increasing fuel prices and price volatility are not short-term economic variations. They are new norms that will affect the fleet industry for years to come. Fuel costs are both a greater percentage of overall operating expense and more difficult to transfer entirely to downstream customers. Logistics Online
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06/06/2008 -- Fleet Managers Can Fight Energy Costs The fleet industry is faced with a new reality of high fuel prices and unprecedented price volatility. However, fleet managers can capitalize on the market shift through a comprehensive approach to streamlining their fuel processes, says Matt Tormollen, executive vice president of the fuel management system for FuelQuest, Inc. Houston Business Journal - Week of June 6, 2008
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05/01/2008 -- Future Proofing with FuelQuest Global Fuels Magazine met with representatives of FuelQuest, and learned how it helps to ease the pain faced by suppliers, shippers and buyers of petroleum- and diesel-based fuels in managing their fuel usage in these volatile times. Global Fuels Magazine, May 2008 |