PAPCO Oil Enters into Partnership with C.C. Mangum Consulting
Company’s Petroleum Energy Services and Distribution Expertise
Added to C.C. Mangum’s Fleet Management Services.
Raleigh, NC, August 12, 2011– PAPCO, Inc., Virginia Beach, VA, announced today that it has entered into a mutual agreement with C.C. Mangum Consulting, in which C.C. Mangum will incorporate PAPCO’S products and services into its suite of fleet management solutions.
PAPCO is a market leader in the development of customized energy management strategies and programs, providing exceptional value to its customers through optimizing product and operational costs. With over 30 years of experience in petroleum hedging and product trading, PAPCO offers innovative price risk management solutions. Additionally, PAPCO offers a diverse menu of other product and service solutions including fleet card services, fuel inventory management, on-line account management and storage systems.
“Our product and service capabilities offer significant value that allow our customers to be more competitive in their respective markets. With more than 40 years of experience in the petroleum industry, PAPCO is uniquely positioned to understand the needs and challenges of commercial fuel end users and fleet operators,” says Ben McClenahan, PAPCO Sales Director.
C.C. Mangum Consulting specializes in fleet management of off-road and over-the-road vehicles, leveraging extensive experience in heavy equipment contracting. Applying this expertise to a client’s fleet operations, C.C. Mangum provides comprehensive solutions to reduce overall cost and improve fleet operating efficiency.
“Our fleet-tracking software allows us to drill down to a troublesome piece of equipment and figure out what’s really going on. That kind of precision in reporting is crucial for a business to get the most value out of each machine,” said Chris Mangum, President and CEO of C.C. Mangum. “We work with our clients to make sure their machines are getting the right care, and that their fleet is being utilized to its fullest potential.”
C.C. Mangum became a PAPCO customer in 2005 while still in the contracting business. “Out of our positive experience as a former PAPCO customer, we recognize what an asset it is to have PAPCO as a part of our fleet management solution,” said Chris.
PAPCO’S partnership with C.C. Mangum will create a fully integrated fleet management service, adding a comprehensive menu of energy products and service solutions to help organizations better manage their fleets and associated fuel costs.
PAPCO markets refined fuels, lubricants and fuel card fleet management programs to a broad customer base which includes industrial, retail, marine, commercial transportation companies (trucking, transit, railroad, marine) and federal, state, and municipal government end users in the Southeast and Mid-Atlantic regions of the United States. PAPCO backs its value-added services with guaranteed fuel supply capabilities through its proprietary fuel storage locations and supply agreements with major refining companies. PAPCO leverages over 30 years of experience in petroleum hedging and product trading to offer innovative price risk management solutions, allowing fuel users to better manage operating budgets and fuel cost. Through the use of the industry’s latest technology, PAPCO provides seamless fuel procurement and inventory management solutions to its clients that bring efficiencies and cost savings to their businesses. For more information visit www.papco.com/ or call 800-899-0747.