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World Kinect Corporation
World Kinect Corporation (WKC, World Kinect), formerly known as World Fuel Services Corporation, is an energy, commodities, and services company based in Doral, Florida. The company ranked No. 70 in the 2022 Fortune 500 list of the largest United States corporations. WKC focuses on the marketing, trading, and financing of aviation, marine, building, and ground transportation energy commodities and related services. As of 2013, WKC also operates in natural gas and power. The global leader in marine refueling, in 2018 WKC sold a record total of 21 billion gallons of fuel for $39.8 billion in revenue. History World Kinect operates an asset light business model, which competitors have attempted to mimic. In 1984, Paul Stebbins and Michael Kasbar founded Trans-Tec Services, Inc., a marine fuel brokerage company. It was headquartered in New York City. Over the next 10 years they grew the company and built a global network of offices. In 1995, Stebbins and Kasbar sold Trans-Tec to I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile App
A mobile application or app is a computer program or software application designed to run on a mobile device such as a smartphone, phone, tablet computer, tablet, or smartwatch, watch. Mobile applications often stand in contrast to desktop applications which are designed to run on desktop computers, and web applications which run in mobile web browsers rather than directly on the mobile device. Apps were originally intended for productivity assistance such as email, calendar, and contact databases, but the public demand for apps caused rapid expansion into other areas such as mobile games, factory automation, GPS and location-based services, order-tracking, and ticket purchases, so that there are now millions of apps available. Many apps require Internet access. Apps are generally downloaded from app stores, which are a type of digital distribution platforms. The term "app", short for "Application software, application", has since become very popular; in 2010, it was listed as " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Avinode Group
Avinode Group is a Swedish B2B technology company focused on business aviation. It specializes in operating the Avinode Marketplace, an online marketplace for private air charter. History Avinode was founded in 2002 by three Chalmers University of Technology, graduates Niklas Berg, Per Marthinsson, and Niclas Wennerholm. At this point in time, operators and brokers relied primarily on phone calls and faxes to source and schedule aircraft. Berg, Marthinsson, and Wennerholm created an online marketplace called the Avinode Marketplace, which quickly gained traction. In 2010, Avinode acquired its US marketplace competitor, CharterX. As of 2018, an average of 7,000 aviation professionals use the system daily, approximately 3,200 aircraft are listed in the marketplace, and nearly 300,000 flight requests are processed monthly. Roughly 80% of professionals in the business aviation industry use Avinode Group products.In May 2024 the acquisition of Avinode by CAMP Systems International ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flight Planning
Flight planning is the process of producing a flight plan to describe a proposed aircraft flight. It involves two safety-critical aspects: fuel calculation, to ensure that the aircraft can safely reach the destination, and compliance with air traffic control requirements, to minimise the risk of midair collision. In addition, flight planners normally wish to minimise flight cost through the appropriate choice of route, height, and speed, and by loading the minimum necessary fuel on board. Air Traffic Services (ATS) use the completed flight plan for separation of aircraft in air traffic management services, including tracking and finding lost aircraft, during search and rescue (SAR) missions. Flight planning requires accurate weather forecasts so that fuel consumption calculations can account for the fuel consumption effects of head or tail winds and air temperature. Safety regulations require aircraft to carry fuel beyond the minimum needed to fly from origin to destination, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aircraft Ground Handling
In aviation, aircraft ground handling or ground operations defines the servicing of an aircraft while it is on the ground and (usually) parked at a Gate (airport), terminal gate of an airport. Overview Many airlines subcontract ground handling to airports, handling agents or even to another airline. According to the International Air Transport Association (IATA), conservative estimates indicate airlines outsource more than 50 per cent of the ground handling that takes place at the world's airports. Ground handling addresses the many service requirements of an airliner between the time it arrives at a terminal gate and the time it departs on its next flight. Speed, efficiency, and accuracy are important in ground handling services in order to minimize the turnaround time (the time during which the aircraft must remain parked at the gate). Faster turnarounds for lower ground times are correlated to better profits. Airlines with less-frequent service or fewer resour ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Derivative (finance)
In finance, a derivative is a contract between a buyer and a seller. The derivative can take various forms, depending on the transaction, but every derivative has the following four elements: # an item (the "underlier") that can or must be bought or sold, # a future act which must occur (such as a sale or purchase of the underlier), # a price at which the future transaction must take place, and # a future date by which the act (such as a purchase or sale) must take place. A derivative's value depends on the performance of the underlier, which can be a commodity (for example, corn or oil), a financial instrument (e.g. a stock or a bond), price index, a price index, a currency, or an interest rate. Derivatives can be used to insure against price movements (Hedge (finance)#Etymology, hedging), increase exposure to price movements for speculation, or get access to otherwise hard-to-trade assets or markets. Most derivatives are price guarantees. But some are based on an event or p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed-base Operator
A fixed-base operator (FBO) is an organization granted the right by an airport to operate at the airport and provide aeronautical services such as fueling, hangaring, tie-down, and parking, aircraft rental, aircraft maintenance, flight instruction, and similar services. In common practice, an FBO is the primary provider of support services to general aviation operators at a public-use airport and is on land leased from the airport, or, in rare cases, adjacent property as a "through the fence operation". In many smaller airports serving general aviation in remote or modest communities, the town itself may provide fuel services and operate a basic FBO facility. Most FBOs doing business at airports of high to moderate traffic volume are non-governmental organizations, either privately or publicly held companies. Though the term ''fixed-base operator'' originated in the United States, the term has become more common in the international aviation industry as business and corporate aviat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bunkering
Bunkering is the supplying of fuel for use by ships (Marine diesel oil, such fuel is referred to as bunker), including the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fuel) is called a bunker trader. The term bunkering originated in the days of steamships, when coal was stored in bunkers. Nowadays, the term bunker is generally applied to the petroleum products stored in Storage tank, tanks, and bunkering to the practice and business of refueling ships. Bunkering operations take place at port, seaports and include the storage and provision of the bunker (ship fuels) to vessels. The Port of Singapore is currently the largest bunkering port in the world. In 2023, Singapore recorded bunker fuel sales volume totaling 51,824,000 tonnes, setting a new industry standard. The Island of Malta is known to host bunkering, in six locations including Hurd's bank. In 2015 the Malta-Sicily Channel was noted as "one of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fuel Card
A fuel card or fleet card is used as a payment card most commonly for gasoline, diesel, and other fuels at gas stations. Fleet cards can also be used to pay for vehicle maintenance and expenses at the discretion of the fleet owner or manager. Most fuel cards are charge cards. Fleet cards are unique due to the convenient and comprehensive reporting that accompanies their use. Fleet cards enable fleet owners/ managers to receive real time reports and set purchase controls with their cards helping them to stay informed of all business related expenses. Fleet cards can be provided not only by oil brands like Shell, Chevron, ExxonMobil, but also by companies that only specialize in providing fuel cards such as Greenarc, Edenred, WEX Inc., Comdata, FleetCards USA, Petrol Plus Region, Fuelman and others. Additionally, some rideshare companies have fleet cards for their drivers, which allow the drivers to have gas money deducted from their earnings. Origins United Kingdom In its in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transloading
Transloading, also known as cross-docking, is the process of transferring a shipment from one mode of transportation to another. It is most commonly employed when one mode cannot be used for the entire trip, such as when goods must be shipped internationally from one inland point to another. Such a trip might require transport by truck to an airport, then by airplane overseas, and then by another truck to its destination; or it might involve bulk material (such as coal) loaded to Hopper car, rail at the Mining, mine and then transferred to a ship at a port. Transloading is also required at railroad break of gauge, break-of-gauge points, since the equipment can not pass from one track to another unless Bogie exchange, bogies are exchanged. Since transloading requires handling of the goods, it causes a higher risk of damage. Therefore, transloading facilities are designed with the intent of minimizing handling. Due to differing capacities of the different modes, the facilities typi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universal Weather And Aviation
Universal Weather and Aviation, Inc. (commonly called Universal or Universal Weather) is a privately held company headquartered in Houston, Texas that provides products and services for the general aviation industry. Its customers include owners and operators of business jets for corporate and personal air travel. The company offers products and services including international flight planning and scheduling, weather briefings, aircraft ground handling, and aviation security. It is the oldest company in the corporate flight planning industry. Universal Weather was founded in 1959 by Tom Evans. Greg Evans, his son, is Universal Weather's chairman and owner. Ralph Vasami serves as the company's chief executive officer. The company operated in 50+ locations in 20 countries as of 2015. History Universal Weather was founded in Dallas, Texas in 1959 by Tom Evans, a former United States Air Force officer and meteorologist. Universal Weather was originally based out of Dallas Lov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
