Houston, United States (IBwire.com - August 11, 2010) FuelQuest, Inc., the leading on-demand software and services company for the global downstream energy industry, announced today Swift Transportation, North America's largest truckload carrier, has extended their Fuel Management System (FMS) software and services contract for an additional five years. Under this agreement, Swift will also begin using FMS’s delivery and invoice reconciliation applications. FMS is integral to Swift maintaining security of fuel supply, reducing retains and run-outs, and lowering fuel costs with a larger portfolio of suppliers.

“We are pleased with the business results that FuelQuest FMS has delivered,” said Joe Broski, Swift Transportation’s Assistant Director of Fuel Procurement. “Our requirements are not simple. Managing 16,200 trucks, 49,000 trailers, 35 major terminals strategically positioned throughout the United States and Mexico, and 12 transportation service offerings demands a proven fuel solution and a dedicated partner like FuelQuest.”

FMS powers the largest fuel management network in North America providing FuelQuest customers with an end-to-end solution that lowers the cost of procuring, managing, and accounting for fuel. FMS streamlines Swift Transportation fuel operations by providing:

Ï    Just-in-time inventory management with demand forecasting 
Ï    Accurate supplier invoice reconciliation accounting for price, freight, and tax 
Ï    Optimized order and dispatch management, reducing fuel costs.

“We are excited to continue our partnership with Swift Transportation,” said Scott Cilento, SVP of Operations for FuelQuest. “Swift is an industry-leading carrier for companies like Wal-Mart and FedEx providing award-winning distribution services. Our team is proud to provide software and services that will help them deliver best-in class transportation well into the future.”

About Swift Transportation Co., Inc. 
Swift began operations in 1966 with one truck and a foundation of trust, and has since grown into North America's largest truckload carrier. Swift's suite of transportation solutions is unmatched in the industry, with 35 terminals across the U.S. and Mexico. Swift Transportation is positioned to be a sole source provider for all your transportation needs including: Dedicated, Intermodal, Dry Van, Temperature Controlled, Container, Flatbed, Transportation Management, specialty operations and much more. Operating with 45 years of experience in the industry, Swift has the capacity and competency to partner with customers when they need it most. Follow Swift on Twitter @Swift Transport or become a fan on Facebook. For more information about Swift Transportation, Inc., please visit www.swifttrans.com.

About FuelQuest 
FuelQuest provides on-demand fuel management, tax automation, and compliance solutions for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest's solutions deliver operational and financial value to over 750 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest's fuel management solutions help customers manage the complexity, regulation and market volatility for more than 15 billion gallons of gasoline and diesel fuel annually. Its Zytax solutions ensure compliance and accuracy for tens of billions of dollars of energy-related excise taxes per year. For more information, please visit us at www.fuelquest.com.

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