Simons Petroleum Inc., a national marketer of petroleum products to the trucking industry, has announced a new comprehensive fuel purchasing program.
Sept. 1, 2008
Simons Petroleum Inc., a national marketer of petroleum products to the trucking industry, has announced a new comprehensive fuel purchasing program. Available through Simons' Pathway Network of truckstops, the SuperKnockOut program will reduce losses from non-recoverable fuel surcharges and provide protection against fuel price spikes.
To participate in the Super KnockOut program, fleets commit to purchasing a minimum quantity of diesel fuel monthly at any of the almost 200 Pathway Network truckstop locations. Program participants purchase the fuel at day-to-day prices, and Cap-style cost bands protect fleets from fuel increases. As daily prices move through the cost bands, the fleet's fuel price remains stable until a maximum cost reduction is reached. Should prices continue to rise, the fleet retains the maximum benefit of the Cap.
Created in 1994, the Simons Pathway Network of truckstops consists of nearly 200 locations, including 156 Love's Travel Stops locations as well as independent truckstops.
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