The Alliance for a Safe Alternative Fuels Environment (AllSAFE), Alexandria, Va., which speaks for manufacturers on fuel-related legislation representing 400 million products including motor vehicles, has voiced its official concern to the Environmental Protection Agency (EPA) about Growth Energy’s fuel waiver application for E-15. AllSAFE also is concerned because the EPA expanded the [...]
New details have surfaced regarding the Flying J merger with Pilot Travel Centers, The Knoxville News Sentinel reported Sunday. The companies announced their intent to merge last week and Flying J filed a motion in U.S. Bankruptcy Court in Delaware seeking a pre-merger agreement between the two privately-owned companies. Flying J filed for [...]
Motiva Enterprises LLC, which markets Shell-branded gasoline in the Eastern and Southern U.S., has entered into a joint venture with SMO Inc., an affiliate of The Wills Group Inc., a Maryland-based branded wholesaler with 300 dealer-operated stations throughout the mid-Atlantic region, BusinessWire reported. The new entity will be called Potomac Energy Holdings [...]
CB Richard Ellis’s Global Corporate Services (CBRE) unit is set to exclusively manage a sale/leaseback program for RaceTrac Petroleum Inc., which owns and operates 530 gasoline and convenience stores in 12 states, Retail Traffic reported. In 2008, RaceTrac gas stations brought in more than $7.5 billion in annual revenues and the company now [...]
Toledo, Ohio city officials and the Midwest Retailers Association, a group of locally-owned stores,reached a tentative settlement to repeal the licensing ordinance required for Toledo convenience stores, WTVG-TV, Toledo, Ohio, reported. Last year, c-stores in the state went to the federal court to challenge the law that required all c-stores to acquire an [...]
Starbucks Corp. is at it again. This time the coffee giant plans to remove its name from one of its Seattle-area stores and add alcohol to the menu, the Associated Press reported. The store will be called 15th Avenue Coffee and Tea and is set to open next week with a wine and beer offering in [...]
Matrix Capital Markets Group Inc., Baltimore, has announced that minimum bids are now established in the Uni-Marts Chapter 11 Bankruptcy Case. The total of the minimum bids for all 207 Uni-Marts’ assets stands at $15,708,000. Each of Uni-Marts’ 114 company-operated stores is available for sale on an individual basis and the minimum [...]
CITGO Chairman, President and CEO, Alejandro Granado, received the Helping Hand Award presented by the Houston Minority Supplier Development Council during a ceremony at the Hilton Americas in downtown Houston, in recognition of the company’s efforts to help grow minority-owned businesses. “Just a year ago, we were launching a series of supplier diversity networking [...]
7-Eleven is using the weak commercial real estate market to its advantage by focusing on a major expansion plan, the New York Times reported. The company, which operates or franchises about 5,700 stores across the U.S, announced in May it would add 200 new outlets this year, and it is proceeding with its [...]
Alimentation Couche-Tard, Toronto, reported a stronger quarterly profit on Tuesday, despite a steep drop in revenue. The boost in profit came mainly from higher gasoline margins and a rise in U.S. cigarette sales ahead of the April tax hike, Reuters reported. Couche-Tard, North America’s second-biggest c-store retailer, which operates 5,400 c-stores (3,607 of [...]
A New York appeals court has thrown out a $10 million lawsuit against a Quickway c-store that sold a man a 12-pack of beer six minutes before he caused a high-speed collision that killed him and another driver, the New York Law Journal reported. The accident occurred in February 2003. In 2005, the [...]
Three Morton ice melting products have received the Good Housekeeping Seal, a top-ranked consumer emblem and one of the most trusted consumer icons in the world of consumer goods. “Receiving the Good Housekeeping Seal is a true honor for our company and a testament to the superior performance of our ice-control products,” said [...]
Pilot Travel Centers LLC and Utah-based Flying J Inc. have agreed to a merger that will combine two of the country’s largest truck stop companies, the Associate Press reported. According to a preliminary agreement announced Tuesday, Flying J’s 270 travel centers and Pilot’s more than 300 travel centers will join forces in a [...]