Kenan Advantage Group (KAG) has signed a five-year transportation agreement with 7-Eleven Inc., becoming the chain’s single-source provider of bulk fuel transportation and logistics services. KAG is North America’s largest bulk transportation and logistics provider to the petroleum and specialty products industries. The contract, signed in July, is valued at more than $300 million. "Extending…
Convenience for Kids
Fresh & Easy is kicking off the new school year by offering more affordable foods for student’s lunchboxes, including all-in-one meals that sell for just $2.98 each. Consumers are looking for ways to save money as their children head back to school, but they aren’t willing to sacrifice what they are feeding their children, according…
Citgo Gets 250,000 Barrels From Oil Reserve
The U.S. granted Citgo permission to pull 250,000 barrels of oil from the Strategic Petroleum Reserve because of the company’s inability to secure crude in the aftermath of Hurricane Gustav, The Associated Press reported. Venezuela’s government-controlled Citgo Petroleum Corp. said supplies to its refinery in Lake Charles, La., were cut off when the Calcasieu Ship…
7-Eleven Awards Mars Snackfood U.S. ‘Retailer Initiative Award’
7-Eleven Inc. named Mars Snackfood U.S. the recipient of its Retailer Initiative Award for 2007, the company said. The annual honor recognizes a top supplier and partner who excels at supporting 7-Eleven stores in meeting their customers’ changing needs through team merchandising, demand-chain solutions, cost of goods, category management and creativity in advertising and promotional…
IHOP’s OK With OJ
Five hundred IHOP restaurant locations in nine states are participating in a Florida Orange Juice Suggestive Sell Program developed specifically for IHOP by the Florida Department of Citrus (FDOC) as a way to increase sales and profits, the companies said. IHOP’s Suggestive Sell Program starts Oct. 6 and runs through Nov. 16, offering rewards for…
Mississippi AG Eyes Up Price-Gougers
Attorney General Jim Hood is looking to clamp down on price-gouging gas station owners who he feels may be taking advantage of consumers during hurricanes, The Sun Herald in Mississippi reported. It’s against the law to take advantage of a state of emergency by hiking up prices, but Hood discovered before Gustav hit that some…
Heineken USA Adds Newcastle
Heineken USA said it has assumed the rights to import, market and sell Newcastle Brown Ale in the U.S., adding one of the leading import brands to its roster. The addition to the Heineken USA portfolio serves as a platform for future growth and places the brand as one of the top national sales priorities…
PCATS Teams With W. Capra
The Petroleum Convenience Alliance for Technology Standards (PCATS) and W. Capra Laboratories said they’ve established the PCATS interoperability Laboratory and Expanded Certification Program. PCATS signed a service agreement with Capra to provide technical assistance in developing conformance testing tools, as well as its interoperability laboratory and services for testing PCATS standards. Since 2003, PCATS technical…
Profits Fall at Couche-Tard
Alimentation Couche-Tard Inc., Convenience Store Decisions’ 2007 Convenience Store Chain of the Year, reported a 32% drop in quarterly profit, primarily the result of a sluggish U.S. economy. The company also announced Richard Fortin was stepping down as chief financial officer, effective immediately, but will become chairman of the board on Oct 12. Raymond Pare,…
Retail Gasoline Prices to Turn Higher After Labor Day
By Brian L. Milne, Refined Fuels Editor, DTN Wholesale prices for gasoline moved higher across the country just ahead of Hurricane Gustav’s landfall along the southern Louisiana coastline, as fear of potential supply disruptions caused by the one-time powerful Category 4 storm triggered increased buying that pushed up values. The increase in wholesale prices will…