World Fuel Services Corporation operates as a fuel logistics, transaction management and payment processing company worldwide. The company provides energy management solutions to the aviation, marine, and land transportation industries. Segments The company operates in three segments: Aviation, Marine, and Land. Aviation This segment offers 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, as well as intergovernmental organizations. The company’s aviation-related service offerings include fuel management, price risk management, ground handling, 24/7 global dispatch services, and international trip planning services, 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 throughout the world. Marine This segment’s product and service offerings include fuel, lubricants and related products and services to a base of customers, including international container and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S. and foreign governments, as well as other fuel suppliers. The company, through its network, provides its customers with real-time global market intelligence and rapid access to quality and competitively priced marine fuel 24 hours a day, every day of the year. The company’s marine fuel-related services include management services for the procurement of fuel, cost control through the use of price hedging instruments, quality control, claims management, and card payment solutions and related processing services. The company serves primarily as a reseller, and accordingly, in those instances that the company 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, which the company maintains in storage facilities that the company owns or leases. The company also serves as a broker and is paid a commission for negotiating the fuel purchase transaction between the supplier and the end user and for expediting delivery of the 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 ports and at sea, and transportation and delivery of fuel and fuel-related products. Land This segment offers fuel, crude oil, lubricants, natural gas and related products and services to customers, including 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. The company primarily conducts these activities throughout most 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 serves as a reseller, and in those instances, the company purchases fuel from a supplier and contemporaneously resell it to the company’s customers through spot and contract sales. 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
The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content.
|No competitor information is available for WFK.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact WORLD FUEL SERVICES CORP, please visit www.wfscorp.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.