World Fuel Services Corporation operates as a fuel logistics, transaction management and payment processing company worldwide. The company engages in the distribution of fuel and related products and services in the aviation, marine, and land transportation industries. Segments The company’s segments include Aviation, Marine, and Land. Aviation This segment markets fuel and related products and services to major commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, and to the United States (U.S.) and foreign governments. The company’s aviation-related services include fuel management, price risk management, arranging ground handling, providing 24/7 global dispatch services, arranging air charter, and arranging and providing international trip planning, including flight plans, weather reports, and overflight permits. In addition, the company offers card payment solutions and related processing services. The company has developed a network of third-party suppliers and service providers that enables the company to provide aviation fuel and related services worldwide. Marine This segment markets fuel, lubricants, and related products and services to a base of marine customers, including international container and tanker fleets, commercial cruise lines, yachts and time-charter operators, the U.S. and foreign governments, and other fuel suppliers. The company, through its network of offices, provides its customers with real-time global market intelligence and access to marine fuel 24 hours a day, every day of the year. In addition, the company offers card payment solutions and related processing services. Its marine fuel related services include management services for the procurement of fuel, cost control through the use of price hedging instruments, quality control, and claims management. The company primarily acts as a reseller as it takes delivery for fuel purchased from its supplier at the same place and time as the fuel is sold to its customer. The company also sells fuel from its inventory. It also acts as a broker and is paid a commission for negotiating the transaction by arranging the fuel purchase contract between the supplier and the end user and expediting the arrangements for the delivery of fuel. The majority of this segment’s activity consists of spot sales. The company also contracts with third parties to provide various services for its customers, including fueling of vessels in port and at sea, and the transportation and delivery of fuel and fuel products. Land This segment offers fuel, heating oil, lubricants, and related products and services to petroleum distributors operating in the land transportation market, retail petroleum operators, and industrial, commercial, residential, and government customers. The company’s land-related services include management services for the procurement of fuel and price risk management. Additionally, it engages in crude oil marketing activities. The company primarily conducts these activities throughout majority of the U.S., as well as parts of the United Kingdom and Brazil. In addition, the company offers transaction management services, which include card payment solutions, merchant processing services, payment solutions for tolls across Europe, government payment systems for global fuel procurement and commercial payment programs in the land transportation industry. In connection with the company’s fuel marketing activities, it acts as a reseller as the company purchases fuel from a supplier and contemporaneously resell it to its customers through spot sales and contract sales. Dispositions In December 2014, the company sold its 50% interest in DPTS Marketing, LLC and Dakota Petroleum Transport Solutions, LLC to certain subsidiaries of Dakota Plains Holdings, Inc. History World Fuel Services Corporation was founded in 1984. The company was incorporated in Florida in 1984.
world fuel services corp (WFK:Frankfurt)
9800 Northwest 41st Street
Miami, FL 33178
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