Penske Truck Leasing Selects TelaPoint's Petroleum Supply Chain Solution

Filed in archive News on February 15, 2006

TelaPoint, Inc., a leading Internet supply chain software provider for the Convenience Store and Petroleum industry, announced today that Penske Truck Leasing Company, L.P. is implementing its TelaFuel(TM) Internet software suite of products including Smart Replenishment, Smart Buying and Smart Invoicing to streamline and manage its fuel operations.

According to Yahoo! Finance, Penske Truck Leasing will use TelaFuel, a browser-based application suite, to improve management of fuel purchasing, replenishment and invoice reconciliation operations across more than 450 locations in North America. With TelaFuel, Penske expects to achieve significant benefits including the ability to lower fuel procurement costs, optimize fuel inventory management, better coordinate 3rd party transportation services and streamline supplier and freight invoice reconciliation operations.

"TelaPoint is very pleased to be a technology provider to Penske Truck Leasing and is committed to assisting Penske in achieving their strategic petroleum objectives," said TelaPoint's President, Mike Dahlem. "Leading global companies such as Penske clearly recognize the enormous potential to increase business process efficiencies, lower costs and to develop and enhance relationships with new and existing trading partners."