The home heating oil industry has a long and proud history, and Fuel Oil News has been there supporting it since 1935. It is an industry that has faced many challenges during that time. In its 77th year, Fuel Oil News is doing more than just holding
Issue link: https://read.dmtmag.com/i/766095
20 JANUARY 2017 | FUEL OIL NEWS | www.fueloilnews.com BUSINESS OPERATIONS NEWS GUTTMAN ENERGY TAPS OPENLINK FOR RISK MANAGEMENT SOFTWARE Guttman Energy, Inc., Belle Vernon, Pa., selected OpenLink software for electronic trading and risk management to support its fuel distribution services, OpenLink said. Guttman Energy operates in 16 states east of the Mississippi and distributes more than 1.5 billion gallons of petroleum products each year. It will utilize OpenLink's energy trading and risk management (ETRM) system to manage both its wholesale over-the-rack business, as well as its rapidly growing delivered business, supporting front- to back-office workflow from physi- cal and financial deal capture to risk position reporting, logistics and settlement on a single, unified platform. The solution will integrate with TMW's fleet management system and Microsoft Dynamics GP for seamless and integrated financial accounting. The combined solution will provide inventory visibility, terminal-to-tank optimization and automated ticketing and invoicing, giving the business an aggregated, real-time volumet- ric and financial view of positions and risk, OpenLink said in a statement issued Dec. 1. "One key element of Guttman's success has been collabo- rating with the right partners to help us grow our business. OpenLink will provide us with the transparency into our results and positions that we need in order to continue to make smart decisions regarding how to allocate capital among our lines of business. It will also automate many of the processes from order inception to invoicing, allowing us to achieve significant efficien- cies within our business," said Scott Cargile, president and COO of Guttman Energy. Matt Lehto, OpenLink senior vice president, said: "Guttman Energy's needs mirror the energy industry's challenge of provid- ing more value among thinning operating margins and market volatility. The solution we developed highlights the critical value of access to inventory information and real-time decision- making that is only possible with a modern, physical-to-financial operational view. We are delighted to welcome Guttman to our global client base." OpenLink, Uniondale, N.Y., provides transaction lifecycle management software for the commodity, energy, corporate and financial services industries. OpenLink's products address treasury, portfolio management, trading, risk management, and operations processing for both financial and physical assets. CHRISTOPHER DREW APPOINTED CHAIRMAN OF AHRI During its 2016 Annual Meeting in Scottsdale, Arizona, the Air Conditioning, Heating & Refrigeration Institute (AHRI) appointed Christopher Drew, executive vice president of Burnham Holdings, Inc., as its 2017 chairman of the board. AHRI's 315 member companies represent more than 90% of the industry's manufacturers in North America, and employ over 1.2 million people across the United States. Drew has served on the AHRI Board of Directors since 2008, and joined the Executive Committee in 2010. He has also held the positions of treasurer and vice chairman. The Institute's statement announcing the appointment says Drew expects to continue to support several AHRI initiatives, many of which seek to find balance and foster dialog between industry and the government agencies that regulate many of the products manufactured by AHRI members. Reform of the Energy Policy and Conservation Act of 1975 (EPCA) is a priority, along with ensuring that AHRI is engaging with the White House and Capitol Hill at the appropriate levels so that the views and issues of concern to AHRI members are being effectively communicated. "Some of our most important work involves coordination with the DOE and EPA to ensure that new energy efficiency mandates are sensible for end users, installers and manufactur- ers," said Drew. "As an organization we look forward to working with the new administration towards a regulatory process that is balanced and sensible." Additionally, Drew is looking forward to beginning a dialog among AHRI's members regarding the organization's role in supporting efforts to deploy commercial and residential heat- ing and cooling equipment that is now part of the "Internet of Things." In an era of heightened awareness surrounding cyber- threats, appliance security, privacy of data, equipment reliability, and communication capabilities are all-important factors for the industry to consider. Burnham Holdings, Inc. is the parent company of multiple subsidiaries that are domestic manufacturers of boilers and related HVAC products and accessories (including furnaces, radiators and air conditioning systems), for residential, commer- cial and industrial applications. Its subsidiaries' brands include Burnham by US Boiler Company, Crown by Velocity Boiler, New Yorker Boiler, Thermal Solutions Products, Burnham Commercial and Thermo Pride. TREMCAR ATTENDS NTTC SHOW IN NEW ORLEANS Tremcar USA, Strasburg, Ohio, attended the National Tank Truck Carrier Week in New Orleans. The company had four tanks on exhibit to show the quality of the workmanship on custom-built tank trailers. Pictured from left is the sales team composed of Andy Mulvey, Pete Turkalj, Nancy Dille, Daniel Tremblay, president of Tremcar, Jacques Tremblay, owner and chairman of the board, Melanie Dufresne and Gary Preston. They are standing in front of a custom-built Time DC chemical tank. The tank fea- tures light arrangements around the tank heads, front and back Christopher Drew