![]() ![]() Venture first announced its intent to build a new corporate headquarters on the bluff south of Lawrence Street. Venture’s plan to build its headquarters in downtown Appleton?Īnswer: Nearly five years have passed since U.S. All rights reserved.Reader question: What’s the latest on U.S. Benzinga does not provide investment advice. Hub Group Posts Record Per-Share Earnings In Quarter, Raises Full-Year Estimates Trump Administration Sides With Gig Company On Contractor Statusĭemocrats – Trump All-In On Trillion For Infrastructure It also operates, and is seeking to expand, a network of 50-plus stations. Gain is focused on cleaner transport fuels such as compressed and renewable natural gas. Lubricants supplies, distributes and sells lubricants in the Midwest to the car, heavy duty, industrial and metal-working markets. Autoforce distributes tires, parts and lubricants to the automotive industry. It can market out of 330 terminals across the U.S. It is also an oil terminal operator with about seven million barrels in bulk fuel storage tanks. Oil also trades and transports 100 million barrels (4.2 billion gallons) of refined products such as gasoline, ethanol and jet fuels, along with renewable fuels such as bio-diesel. It also markets and supplies unbranded petroleum products and is a supplier of renewable fuels. Oil offers oil (major brands and its own label) to convenience store owners. Want more content like this? Click here to Subscribe Today, USV has four main business areas: U.S. The fledgling company expanded over time into bulk oil storage tanks, tires, car parts, terminals and lubricants. USV was founded as a family business (Schmidt Oil Co.) in 1954 when Art Schmidt bought a fuel route with a loan from a member of his family. Breakthrough also provides supply chain management services focused on data, specific trade lanes, rapid response to network fluctuation and real-time routing. Other services offered by Breakthrough include fuel hedging and market advisory services looking at such matters as fuel price forecasts, geopolitics and fuel fundamentals. pounds) and a 19 percent reduction in truckload fuel spend, Breakthrough stated. In 2018, an "average" 10 million gallon customer achieved a 53 percent reduction in intermodal fuel spend a 570,000 gallon reduction in consumption over 5,800 metric tons of carbon dioxide emissions avoided (a metric ton is 2,204.6 U.S. Breakthrough's fuel data, insight and management provides a variety of benefits, the company says. The national average can vary significantly from granular actual data. Breakthrough noted that actual fuel prices and consumption are complicated by such factors such as terrain, time, local taxes and varying local prices. The fuel update is comprised of a selection of regional average prices and a national average price. ![]() The EIA is the statistical agency of the U.S. Energy Information Administration's Gasoline and Diesel Fuel Update. Breakthrough noted that the industry-standard method to settle the cost of diesel fuel reimbursements between shippers and carriers was flawed. It offers several services to the transport industry and its flagship offering is its fuel management service. Acquirer USV is not far away – in Appleton.ĭoug Mueller, CEO and president of Breakthrough, will continue to serve as CEO and will also join USV's senior leadership team.īreakthrough was founded in 2004. Venture.īreakthrough will continue to operate in its home town of Green Bay. Venture's strategy to diversify the business, and I'm excited about the ways our companies will partner to pursue products and services that are relevant for the future," said John Schmidt, CEO and president of U.S. "Purchasing Breakthrough Fuel aligns with U.S. USV has been invested in Breakthrough since 2006 and USV has been steadily building its stake "over the years" it said in a statement.īreakthrough will operate "independently" within USV's portfolio of businesses. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum. Automotive parts, tires, fuels and lubricant specialist U.S. ![]()
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