Evans Oil was experiencing annual product losses of an estimated 100,000 gallons, with no understanding of where the fuel losses were occurring, or how to stop them.
Many airport fueling operations can benefit from the elimination of human error that comes with the traditional manual ticketing process where fuel transactions take place. By installing Veeder-Root’s EMR3 electronic meter registers, Datalink wireless data capture solution, and TLS-450PLUS automatic tank gauges, fixed-base operators (FBO’s) can more efficiently manage custody transfers and inventory reconciliation.
In a recent analysis of over 75,000 fuel invoices, invoices in error showed an average variance of $1,123. This averages out to $281 per load, or an error of 3.74 cents per gallon for a 7,500 gallon average load.
A regional bulk fueling company with a throughput of roughly 80,000 gallons daily was experiencing significant product losses and shrinkage. Their operation included over 20 fuel tanks and a fleet of 25 bulk fuel trucks and 50 transports. All their plant’s meters and trucks were equipped with mechanical registers, and old gauges were still installed on their fuel tanks.
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.