Volatility

HOUSTON–(EMWNews)–FuelQuest, Inc., the leading on-demand software and services company for

the global downstream energy industry, announced today that Midwest

Motor Express, a shipping and customs brokerage services provider, has

chosen FuelQuest’s Fuel Management Services to

help manage its exposure to price volatility for its entire bulk fuel

operations.

“Recent record fuel prices made us realize the

need to delve deeper into each aspect of our fuel supply chain in order

to gain deeper insights into our daily fuel management operations,”

said Marlin Kling, President and COO of Midwest Motor Express. “The

combination of FuelQuest’s deep industry

knowledge and its FMS solution will enable us to obtain real-time

visibility into our inventory management processes.”

By coupling FuelQuest’s industry expertise

with its Fuel Management System (FMS), Midwest Motor Express will be

able to:

• Increase best buy and strategic sourcing efficiency

• Reduce financial exposure to fuel price volatility

• Increase transparency with regard to fuel purchase and transport

• Optimize inventory and dispatch control

• Automate invoice reconciliation.

“For fleets like Midwest Motor Express, fuel

costs are now on par with labor in terms of expenses. Our understanding

of the unique needs of bulk fuel buyers enables FuelQuest to provide

Midwest Motor Express with the ability to optimize its sourcing and

inventory management strategies to combat price volatility,”

said Ryan Mossman, Vice President & GM of Fuel Management for FuelQuest. “Midwest

Motor Express will now have centralized and automated control of its

fuel management processes, in order to make more informed business

decisions and focus on their core business.”

About Midwest Motor Express

Through marketing partnerships and industry alliances, Midwest Motor

Express, Inc. has the resources to provide seamless shipping and Custom

Brokerage services throughout the United States and internationally,

including Europe, Asia and the Pacific Rim. Founded in 1918, the

Bismarck, ND-based Midwest Motor Express, Inc. employs 650 employees at

35 service centers in 14 states in the Midwest and Great Northwest.

About FuelQuest

FuelQuest provides on-demand, Web-based supply chain management and tax

automation technologies for suppliers, distributors, buyers, and traders

of petroleum products and other energy commodities. FuelQuest solutions

deliver operational and financial value to over 750 customers. These

customers include leading global oil companies, international retailers,

shippers, and government entities. FuelQuest solutions help customers

manage the complexity, regulation, and market volatility of billions of

gallons of gasoline and diesel fuel annually. ZyTax solutions process

tens of billions of dollars of motor fuels excise taxes per year.

Find out more online at www.fuelquest.com.

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