TransMontaigne Inc. Selects DTN Exchange
Online fuel transaction platform will provide real-time market pricing information for select terminals on the east coast
We’re pleased to announce that TransMontaigne Inc., a refined petroleum products marketing and distribution company, is now selling products through the DTN Exchange®, an online fuel transaction platform that assists businesses in making decisions at the speed of the Internet. TransMontaigne is currently using the DTN Exchange in select terminals in Georgia, North Carolina and Virginia.
For several years now, TransMontaigne has used DTN’s services, and has now implemented the DTN Exchange as a new, value added sales channel for its customers. “We are excited about providing our customers the ability to seamlessly purchase and reserve products at real time valuations,” said Rod Hilt, executive vice president, TransMontaigne. “Our customers who utilize the DTN Exchange for purchases will be able to reduce the risk and cost of trying to find product at competitive prices resulting in tangible cost reductions.”
“DTN has always strived to give customers what they need to ensure its business operations are not only smart, but efficient,” said Robert Gordon, chief executive officer of DTN. “DTN is committed to helping companies stay on top of real-time market prices, helping them track supply and manage profitability.”
The DTN Exchange is an online fuel transaction platform that is a powerful tool for buyers and sellers to efficiently capture rack orders, manage price and inventory, and boost sales or protect inventory at specific terminals. Sellers can instantly communicate current prices, optimized according to market, inventory, and demand. Buyers can instantly secure fuel volume and lock in price. Both receive transaction notifications for inventory management, timely hedge actions, back office integration, and efficient dispatch management.
By selling product through the DTN Exchange, TransMontaigne will be providing its customers access to real time product valuations with guaranteed supply. TransMontaigne believes giving customers this increased flexibility will help them better achieve their overall business objectives.
About TransMontaigne Inc.
TransMontaigne Inc. is a refined petroleum products marketing and distribution company based in Denver, Colo., with operations in the United States, primarily in the Gulf Coast, Midwest and East Coast regions. The company’s principal activities consist of (i) terminal, pipeline and tug and barge operations, (ii) marketing and distribution, (iii) supply chain management services and (iv) managing the activities of TransMontaigne Partners L.P. (NYSE: TLP). The company’s customers include refiners, wholesalers, distributors, marketers and industrial and commercial end-users of refined petroleum products. Corporate news and additional information about TransMontaigne Inc. is available on the company's Web site: www.transmontaigne.com.
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