Peter Pan Bus Lines Outsources Fuel Management to FuelQuest
HOUSTON-(Business Wire)-February 4, 2009 - FuelQuest, Inc., the leading on-demand software and services company for the global downstream energy industry, announced today that Peter Pan Bus Lines will outsource fuel management to FuelQuest's Fuel Center in order to streamline its fuel operations. Peter Pan Bus Lines, a bus transportation carrier, owns and operates a fleet of more than 300 buses and nine bus service centers serving more than 100 communities in the Northeast and mid-Atlantic United States.
“In today's economic environment, it is imperative for us to seek out a solution that strategically manages our fuel procurement processes and delivers operational visibility across all of our sites,” said Tom Picknally, Senior Vice President-Maintenance for Peter Pan Bus Lines. “We are entrusting our fuel management to Fuel Center's knowledgeable experts who can work with our internal team to reduce administrative burdens, optimize fuel sourcing and improve financial reconciliation activities.”
The combination of Fuel Center's expert services and FuelQuest's FMS solution will enable Peter Pan Bus Lines to:
- Reduce financial exposure to fuel price volatility with reduced freight and fuel costs
- Optimize inventory and dispatch control
- Gain strategic consulting on supply portfolio, contracting and sourcing
- Take advantage of alternate supply options through tactical purchasing
- Increase transparency with regard to fuel purchase, transport and taxes
- Automate invoice and delivery reconciliation
- Centralize control and provide real-time visibility across all locations.
“With more than three million customers depending on Peter Pan Bus Lines for transportation each year, the company requires a proven outsourced fuel management service to free up its internal staff's time so they can focus on core strategic initiatives,” said Ryan Mossman, Vice President & GM of Fuel Management for FuelQuest. “The team of Fuel Center experts will work with Peter Pan Bus Lines to obtain an optimal supply portfolio at the most competitive prices in each market in which it operates.”
About Peter Pan Bus Lines
Peter Pan Bus Lines owns and operates 300 buses, carrying over 5 million passengers throughout the United States and Canada each year; serving over 100 cities in the Northeast and mid-Atlantic states, including: New York City; Boston; Washington; Springfield; Philadelphia; Hartford; Providence; Baltimore; Worcester; Amherst; New Haven and Albany. In addition to the regularly scheduled motorcoach service, Peter Pan offers a variety of other services including package delivery, Broadway trips to NYC, Motorcoach charters, specialty vehicle charters and garage services for other motorcoach companies. www.peterpanbus.com
About FuelQuest
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. FuelQuest solutions deliver operational and financial value to over 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. Find out more online at www.fuelquest.com.
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