Meter Drift is a contributing source of variance in fueling systems that happens when components within the meter wear out overtime. As they wear the meters usually pump a slightly higher volume, frequently giving fuel away and eating into a fuel sites profits. If, instead, the meter drift results in less fuel being dispensed it could be exposing the gas station to fines for violating weights and measures standards.
Whether you are measuring inventory by dipping tanks or with an automatic tank gauge, the stick or probe measurements are only as good as the tank chart that you reference when calculating the ullage. While tank charts do not cause a loss of fuel, an inaccurate tank chart will affect inventory and delivery data collected and could contribute to masking actual fuel losses.
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.
The Insite360 FuelQuest managed services team has been working around the clock, 24/7 to support customers affected by the Colonial pipeline leak, which spilled between 6,000 and 8,000 barrels of fuel in Alabama earlier in September, prompting severe gas shortages in some southeastern states including Georgia, North Carolina, and Tennessee.
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.
BASILDON, UK, November 2015 - Early next year Insite360 FuelQuest – the advanced fuel management service provided byVeeder-Root – will be adopted by all of BP’s company-owned sites in the United Kingdom. Under the same agreement, BP will offerInsite360 FuelQuest to all its UK dealers as part of the standard fuel contract agreement.
SIMSBURY, CT – Veeder-Root, a leading provider of fueling logistics applications, announced an agreement with Progressive Waste Solutions, Ltd. to provide fuel procurement, logistics and management services. Progressive Waste Solutions operates a fleet of more than 3,000 vehicles in the U.S. and Canada, including locations in 12 U.S. states and six Canadian provinces. With over 7,500 employees, Progressive Waste Solutions services more than four million residential and commercial customers, providing solid waste collection, recycling and landfill disposal services. Under the agreement, Progressive Waste Solutions will utilize Insite360 FuelQuest’s Managed Services to reduce overall fuel costs and improve supply chain visibility.