MONROE ENERGY COMPLETES SUCCESSFUL IMPLEMENTATION OF TRACK
Posted on Feb 19, 2013
HOUSTON (February 19, 2013) – Track Software, the leading platform for contractor cost management, announced today a successful implementation of its flagship product, Track™, at Monroe Energy’s Trainer, Pennsylvania refinery. Monroe is a subsidiary of Delta Air Lines.
In 2012, Delta Air Lines purchased one of the largest refineries on the east coast from Phillips 66. Delta purchased the refinery in order to save on the expense of jet fuel costs. Additionally, it will ensure the availability of jet fuel to two of Delta’ largest hubs – New York’s JFK and LaGuardia airports. Located a few miles outside of Philadelphia, the refinery now produces 185,000 barrels a day.
Part of Delta’s cost-saving initiative involved the implementation of a cost management solution to better manage Monroe Energy’s contractor spending. Monroe chose Track, version 6.2, which includes the Labor, Equipment and Materials modules. The solution is utilized to track hours and rates for 1,900 different contractor employees, and features contract compliance, allocation of all contractor costs and timely reports of spending.
“With Track, we were able to manage our costs and manage our contractors; it was a great success,” said Monroe COO Coby Stewart. “It changed the behavior of the contractors here. They knew they had to have their paperwork right, and it took me out of being the bad guy.”
Delta has estimated that owning its own refinery will result in an annual savings of $300 million on fuel. In 2011, the airline spent $11.8 billion on fuel – or roughly $30 million a day.
“Track Software is thrilled to be a part of Delta Airlines’ and Monroe Energy’s cost-saving initiative,” said Track Software founder and CEO Bob Harrell. “We’ve been helping refineries become more efficient with their contractor spending for over two decades, and it’s always rewarding to see such positive results.”
About Track Software
Founded in 1989, Track Software is the leader in contractor cost management software. The Track platform enhances the working relationship between plant owners and contractors, giving all parties more visibility into work processes, tighter project controls and significant financial returns. Track Software is deployed at some of the largest refineries, chemical plants and power plants in the world. www.managementcontrols.com
About Monroe Energy LLC
Monroe Energy is a wholly-owned subsidiary of Atlanta-based Delta Air Lines. Delta purchased the Trainer refinery from Phillips 66 in 2012 for $180 million. Monroe is named for the airline’s original home, Monroe, Louisiana.