FuelQuest, a provider of software and services for the downstream energy industry, has announced that Peter Pan Bus Lines, a bus transportation carrier, will outsource fuel management to FuelQuest's Fuel Center in order to streamline its fuel operations.

The combination of Fuel Center's expert services and FuelQuest's fuel management system (FMS) solution will enable Peter Pan Bus Lines to reduce financial exposure to fuel price volatility with reduced freight and fuel costs, optimize inventory and dispatch control, gain strategic consulting on supply portfolio, contracting and sourcing.

The combination will also enable Peter Pan Bus Lines to take advantage of alternate supply options through tactical purchasing, increase transparency with regard to fuel purchase, transport and taxes, automate invoice and delivery reconciliation and centralize control and provide real-time visibility across all locations.

Tom Picknally, senior vice president-maintenance for Peter Pan Bus Lines, said: "In today's economic environment, it is imperative for us to seek out a solution that strategically manages our fuel procurement processes and delivers operational visibility across all of our sites.

"We are entrusting our fuel management to Fuel Center's knowledgeable experts who can work with our internal team to reduce administrative burdens, optimize fuel sourcing and improve financial reconciliation activities."