SIMSBURY, CT - January 15, 2016 – Veeder-Root, a leading provider of fueling logistics applications, announced today a multi-year contract with ABF Freight®, subsidiary of ArcBest Corporation (Nasdaq: ARCB), one of the largest freight transportation and logistics companies in North America. Under the agreement, Insite360 FuelQuest will provide comprehensive bulk fuel management services for ABF Freight’s terminal network in North America, enabled by Veeder-Root Automatic Tank Gauges with industry-leading algorithms, advanced security features and real-time notifications.
“With Insite360 FuelQuest’s fuel logistics service we will gain additional needed efficiencies for our fuel operations,” says Gary Hunt, VP, Equipment and Maintenance at ABF Freight. “We are also looking forward to the efficiencies and enhanced data availability that will be realized through their fuel invoice reconciliation process and its flexible reporting capabilities, which will enhance our own data analytics.”
Insite360 FuelQuest will provide ABF Freight with a supplier-independent fuel procurement and management solution backed by industry-leading fuel management software and seasoned industry experts. Given that fuel costs are typically the second highest operational expense for fleet-based companies, the increased transparency offers greater insight into fleet fueling costs. These capabilities allow Veeder-Root to provide its customers the following benefits:
- Lower fuel procurement costs
- Greater visibility and centralization of fueling operations
- Reduced invoice overpayments and administration costs
- Increased security of fuel supply
“In getting to know ABF Freight, I have seen first-hand their acute attention to process and controls,” says Ryan Mossman, Senior Director of Fuel Services at Veeder-Root. “A programmatic approach to fuel management that includes audit functions and visibility across their vast network is a perfect fit for a process-leading company like ABF Freight.”
ABOUT ABF FREIGHT
ABF Freight® operates the core less-than-truckload network for North American shippers of all sizes who value quality and an exceptional experience. ABF Freight’s customers know that ABF Freight will find a way to deliver superior regional and long-haul LTLsolutions, including best-in-class trade show, white glove, expedited and time-critical services. With easy access through a single point of contact to a broad array of logistics services at our sister companies, ABF Freight can meet all supply chain needs.
ArcBest CorporationSM (Nasdaq: ARCB) solves complex logistics and transportation challenges. ArcBest companies and brands – ABFFreight®, ABF LogisticsSM, Panther Premium Logistics®, FleetNet America®, U-Pack® and ArcBest Technologies – apply the skill and the will with every shipment and supply chain solution, household move or vehicle repair. ArcBest finds a way. For more information, visit arcb.com, abf.com, pantherpremium.com, fleetnetamerica.com, and unpack.com. ArcBest Corporation. The Skill & The Will.
Veeder-Root's Insite360 FuelQuest, provides industry leading software and services to suppliers, distributors, retailers, carriers and fleets who utilize transportation fuels throughout the world. Insite360 FuelQuest improves profitability and abates risk for its customers by delivering solutions to manage and optimize fuel procurement, logistics, reconciliation and regulatory processes. These solutions deliver operational and financial value for companies responsible for more than 22 billion gallons of gasoline and diesel annually. Insite360 FuelQuest is a proud winner of the 2014 Petroleum Marketers Association of America's (PMAA) Best in the US award for Fuel Management Program
Veeder-Root is a leading global supplier of automatic tank gauging, fuel management systems, and stage II vapor recovery solutions including the Red Jacket® brand of submersible pumps and pressurized line leak detectors. Veeder-Root and Red Jacket are market-leading brands with a tradition of excellence in the petroleum industry.
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