REDWOOD CITY, CA – Pricelock, Inc., the leading company that provides fuel price predictability to small and large businesses, and Automotive Resources International (ARI), a global fleet solutions provider specializing in complex car and truck fleets, are pleased to announce a strategic partnership to help ARI’s fleet clients control their fuel costs.
Pricelock’s fuel price management solutions include fuel spend analysis, fuel price protection, ongoing fuel price performance management and fuel hedge accounting treatment. Leveraging Pricelock’s expertise and consultative approach, ARI’s clients can more effectively manage their gasoline and diesel costs, minimize their exposure to volatile fuel prices and protect their bottom line with ease and confidence.
“We are honored to have Pricelock’s fuel price management solutions become an integrated part of ARI’s overall service offering,” said Pricelock Chief Operating Officer Naveen Agarwal. “Pricelock has deep risk management and commodities expertise to provide personalized fuel price protection. This new partnership with ARI is beneficial to fleets by helping them manage two of their biggest fleet costs—capital for vehicle purchases and fuel—in an integrated manner.”
“The volatile cost of fuel is a growing challenge that fleet managers face today,” said Tom Donato, Senior Vice President Sales and Marketing at ARI. “ARI’s mission is to help our clients get the full value of their fleet. With Pricelock’s fuel price management solution, our clients can now proactively protect their fuel budgets from unpredictable fuel prices, ensure budget predictability and protect their bottom line—helping them achieve greater cost control and efficiencies.”
Pricelock enables companies to manage their fuel spend and fuel price volatility by designing and executing end-to-end gasoline and diesel fuel price management programs that address their specific objectives. Pricelock also supports special requirements such as compliance with FAS 133 and mark-to-market valuation reporting.
Pricelock, headquartered in Redwood City, California, provides solutions to manage volatile fuel prices which are top of mind concerns for businesses and individuals alike. The company’s full range of solutions has been benefitting fleets, employers, car manufacturers and consumers every day. From national brands such as Chrysler, Hyundai and Aegis to small, local businesses, Pricelock is responsible for more than 100 million gallons of price protected fuel. Pricelock also offers Carbonlock™, a unique, patented “green fleet” program that allows fleets and businesses to efficiently acquire certified carbon offsets and become carbon neutral. A full suite of Pricelock’s solutions can be found at www.pricelock.com.
ARI, a subsidiary of Holman Enterprises based in Mt. Laurel, N.J., is the largest privately-held fleet leasing and management company in the world. As a single-source fleet management leader, ARI customizes innovative solutions that streamline fleet operations, help lower the cost of fleet ownership and create long-term value for customers. Today, with a workforce numbering more than 1,200 and offices throughout the U.S., Canada, Mexico, Puerto Rico and Europe, the company manages more than 2,000 outsourced fleets (over 675,000 autos and trucks) in North America and, combined with its strategic partners, more than 1.5 million fleet vehicles globally. For more information on ARI, visit www.arifleet.com.
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