Marathon Oil Corp. said today that 16 terminals located in five Midwestern states will convert to ethanol-blended fuel by May 1. Unblended gas products will no longer be offered at any of the terminals. Seven of the terminals are in the Michigan cities of Jackson, Lansing, Flint, Bay City, Niles (South), Detroit (Refinery Rack) and [...]
The U.S. trucking industry is poised to spend $22 billion more on fuel this year than it did last year, with its fuel bill expected to reach $135 billion by the end of 2008, the American Trucking Association said. The trucking industry’s announcement came this week, as diesel fuel topped $4 a gallon, according to [...]
Blue Beacon International, of Salina, Kan., is hunting for a buyer for its offshoot convenience store and car wash chain, Green Lantern Convenience Stores, the Salina Journal reported. Blue Beacon owns and operates 100 truck and car wash locations throughout the U.S. and Canada, as well as a hotel division, Lighthouse Properties. Company President Trace [...]
BP Plc is joining Irving Oil Corp. to consider building the Eider Rock refinery in New Brunswick, Canada, to supply the U.S. Northeast with transportation fuels. BP will contribute $40 million for a study of the project, which is expected to cost at least $7 billion, BP and Irving said in a statement today. The [...]
A computer hacker stole thousands of credit card numbers after breaching security at two U.S. grocery store chains owned by Belgium-based Delhaize Group SA, Reuters reported. Nearly 2,000 cases of fraud have been linked to the breach, but no personal information such as names or addresses was accessed when the hacker broke into the Hannaford [...]
The head of U.S. operations for Royal Dutch Shell, John Hofmeister, will retire in June. Hofmeister led Shell Oil’s human resources department for the Dutch oil company before getting promoted three years ago. The Houston-based oil company said Marvin Odum, currently executive vice president of the Americas for Shell Exploration and Production, will replace him. [...]
There may be some chinks in Tesco’s armor after all. The UK Supermarket giant Tesco received a double blow today as City analysts claimed the grocer’s new U.S. operations are in deep trouble, while its core UK business is being battered by the economy and losing ground to rivals. One claimed the new California-based convenience [...]
The University of Louisville head coach and his assistant coach are new franchisees of Dunkin’ Donuts with former NBA forward Jamal Mashburn, businessman Tom Wylie and Pitino’s financial advisor, Rick Avare. Their Lexington, Ky.-based Fast Break Donuts LLC plans to open 17 Dunkin’ stores in central Kentucky during the next several years, including freestanding units, [...]
Corpus Christi, Texas-based Susser Holdings Corp., owner of Stripes convenience stores, credited its acquisition of 168 Town & Country stores for record year-end revenues. The company reported on Wednesday net income of $7.5 million in the fourth quarter compared with a net loss of $10.9 million for the same quarter last year. The company also [...]
Despite a strong grassroots effort by the Georgia Association of Convenience Stores (GACS) to legalize liquor sales on Sundays at convenience stores, state Gov. Sonny Perdue said in his strongest terms yet that he opposes the idea of allowing Georgians a vote on Sunday package sales of beer, wine and liquor. Perdue was asked about [...]
Family members donated $10,000, doubling the reward Crime Alert Berks County will pay for information leading to an arrest in connection with the killing of 55-year-old Gary William Redner, the convenience store and supermarket operator slain at his Pennsylvania home last weekend. Redner, who was divorced with two adult children, was found dead Sunday at [...]
Average gas prices across the country could cross the $4 mark this spring but should not stay there for long, according to the newest Department of Energy forecasts. The monthly national average for retail gasoline should peak at $3.48 in May and June, according to the Energy Information Administration’s short-term outlook. Averages for the Gulf [...]
With the acquisitions carried out in the past 12 months and the sharp increase in the retail price at the pump, Alimentation Couche-Tard Inc. posted solid growth in revenues for the third quarter of fiscal 2008. Revenues for the 16-week period ended February 3, 2008, rose 31.2%, reaching $4.6 billion, i.e. an increase of $1.1 [...]
Convenience store owners in Hartford, Conn., will have to adhere to new rules if they want to keep their doors open overnight. The city is imparting new safety rules on 24-hour gas stations and convenience stores in order for the stores to stay open overnight. Stores that wish to operate overnight are now required to [...]
The upward pace of mergers & acquisitions in the food industry continued in 2007, with a total of 413 transactions completed during the year and an additional 60 agreed upon, but not yet closed by the end of the year, according to The Food Institute, which has been tracking food business mergers and acquisitions for [...]