J.T. Alexander & Son, Inc. Selects FuelQuest’s Fuel Management System

HOUSTON – February 2, 2011 - FuelQuest Inc., the leading on-demand software and services company for the global downstream energy industry, announced J.T. Alexander & Son, Inc., a petroleum distributor and retail services provider, has selected FuelQuest’s Fuel Management System (FMS). Established in 1935, J.T Alexander is a major regional supplier of quality petroleum products throughout North and South Carolina for both the commercial and government sectors. They will use FMS to automate their fuel inventory forecasting, planning, ordering, and dispatching to reduce operating costs, increase fuel margins, and improve truck utilization.

“Automating our fuel management process is an important step in guarding against rising and volatile fuel prices as well as an exciting milestone in our growth plan”, said David Alexander, President, J.T. Alexander.  “After evaluating several vendors in the market, we decided that FuelQuest gives us the right set of capabilities and expertise to meet our business objectives today while scaling our operations for tomorrow.”

FMS powers the largest bulk fuel management network in North America providing FuelQuest customers with complete visibility and control over inventory, orders, deliveries, and historical demand information, enabling distributors such as JT Alexander to centralize and optimize fuel planning and operations for their trucks.  FMS will enable J.T. Alexander to realize:

• Fewer run-outs and retains while simultaneously providing just-in-time inventory management,
• Improved operational scale by automating procurement, order, and delivery management, and
• Greater return on investment in their trucks through higher utilization rates.

“We are pleased to partner with  J.T. Alexander as they transform their business to adapt quickly to a challenging fuel market, and at the same time position themselves for growth.,” said Matt Tormollen, president and CEO of FuelQuest. “J.T. Alexander’s  investment in innovation and technology to improve competitiveness is a trend we continue to see in the petroleum distribution market.”