Partnering with FuelQuest, truenorth seeks to reduce overall fuel costs by automating inventory management and optimizing fuel inventory levels.
Petroleum distributor and convenience store operator truenorth energy has selected FuelQuest’s Fuel Management System (FMS) and ForeSite to automate its fuel inventory forecasting, planning and dispatching to reduce operating costs, increase fuel margins and improve truck utilization.
Established in 1919 as Lyden Oil, truenorth energy supplies petroleum to more than 320 stores throughout Illinois, Ohio, and Michigan through its truenorth Trucking subsidiary. The company will use FMS and ForeSite.
“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 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 a large bulk fuel management network in North America, 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
• Reduce overall fuel costs with automated inventory management, a self-service dealer portal, and easy to use 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 FuelQuest. “Regional companies like truenorth realize that fuel management automation can transform fuel into a competitive market advantage.”