Magellan Midstream Partners has been granted a patent for a central fuel management system that streamlines the authorization process for loading fuel at terminals. The system matches loads with carrier, trailer, and driver information, queries multiple systems for authorization, and sends notifications to carriers and drivers. GlobalData’s report on Magellan Midstream Partners gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Magellan Midstream Partners, was a key innovation area identified from patents. Magellan Midstream Partners's grant share as of February 2024 was 53%. Grant share is based on the ratio of number of grants to total number of patents.
Central fuel management system for pre-authorization of loads
A recently granted patent (Publication Number: US11866321B1) outlines a central fuel management system that streamlines the process of authorizing fuel loading at multiple terminals. The system includes a pre-authorization module that communicates with retail-side fuel supply chain management systems and a fuel terminal automated system. This module matches loads with carrier, trailer, and driver information, queries various systems for authorization, and sends notifications to carriers and drivers based on load approval status. Additionally, the system updates databases associated with the nomination system, fuel terminal automated system, and allocation management system to ensure accurate tracking of fuel loading activities.
Moreover, the patent details a user portal within the central fuel management system that provides a graphical interface for displaying notifications and allows users to book, transfer, and manage fuel stock. The user portal also includes interfaces for displaying invoice and payment information related to fuel transactions. The system's processor can operate on desktops, laptops, or mobile devices, offering flexibility in accessing and managing fuel loading processes. Overall, the patent describes a comprehensive method for pre-authorizing fuel loading, enhancing efficiency, and transparency in fuel supply chain management operations.
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GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
