- Published on Thursday, 03 May 2012 06:00
Marathon Petroleum, Pro Petroleum, and SC Fuels Recognized in Annual Awards
HOUSTON, TX - May 3, 2012 -FuelQuest, Inc., the leading on-demand software and services company for the global downstream energy industry, today announced the inaugural winners of the FuelQuest Q Awards. Presented during GRAIL 2012, FuelQuest's annual fuel industry and user conference, the FuelQuest Q Awards recognize companies that provide superior services and products to FuelQuest's retail and commercial customers. The winners of this year's awards are Marathon Petroleum Corporation, Pro Petroleum, and SC Fuels.
"We are pleased to announce this year's FuelQuest Q Award winners," said Matt Tormollen, president and CEO of FuelQuest. "With over 19 billion gallons under management with our software and services, we have a unique perspective on the performance of companies serving the downstream market. These suppliers and carrier excelled in their respective areas and are highly deserving of these awards."
The following suppliers and carrier are this year's Q Award winners:
- Carrier of the Year: Pro Petroleum, Inc.
Pro Petroleum processed the highest percentage of load shift requests saving FuelQuest customers thousands of dollars in fuel costs while maintaining a low run-out and retain rate.
- Supplier of the Year - Delivered: SC Fuels
SC Fuels posted run-out and invoice accuracy rates that led all other delivered suppliers while accommodating one of the highest load shifting percentages.
- Supplier of the Year - FOB Rack: Marathon Petroleum Corporation
Marathon Petroleum 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 minimum delivery volumes, the winners were chosen amongst the vast network of companies serving FuelQuest's retail and commercial companies.
FuelQuest provides on-demand fuel management, tax automation, and compliance solutions for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest's solutions deliver operational and financial value to over 650 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 19 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. Learn more at www.fuelquest.com.