FuelQuest Inc, an on-demand software and services company for the global downstream energy industry, has announced a six-year renewal with Circle K for the use of its Fuel Management System (FMS). FuelQuest's FMS will be available to all affiliates and subsidiaries within the Couche-Tard 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 ongoing business strategy analysis, we moved quickly to solidify our long-term relationship with FuelQuest,” said Brian Hannasch, senior vice president, U.S. operations, Couche-Tard. “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 system focused on reducing the cost of procuring, managing, and accounting for bulk fuel. It powers the largest fuel management network in North America with more than 15 billions gallons managed annually.