Maverik Executive Vice President Brad Call tells CSD the leadership team and direction of the company remains unchanged. By John Lofstock, Editor FJ Management Inc., formerly known as Flying J, reached a deal to acquire a majority interest in North Salt Lake City, Utah-based Maverik Inc. Maverik, which was founded nearly 60 years ago, has [...]
Distributor sees VP as “next cool thing” for consumers. Duncan Oil Co. has signed on as the latest partner to VP Racing Fuels’ national branding program. “We think VP has an operating model that separates them from other suppliers,” said Roger McDaniel, president of Duncan Oil. “VP’s image package is outstanding and its credit card [...]
Numerous class-action lawsuits have been filed across the U.S. in 26 states, the District of Columbia and Guam, alleging oil companies and fuel retailers improperly profited from the sale of hot fuel. In a victory for QuikTrip, 7-Eleven and Kum & Go—three c-store retailers in a “hot fuel” lawsuit—a federal jury in Kansas City, Kan. [...]
“I am looking forward to increasing our participation in the fuel and lubricant distribution industry serving commercial and industrial customers,” says Pilot CEO. Pilot Flying J closed its acquisition of a controlling interest in Maxum Petroleum for cash, and its contribution of Western Petroleum LLC into Maxum. Maxum will continue to operate as an independent [...]
CITGO earns awards and recognition for its increased safety rates in 2011. CITGO Petroleum Corp. saw significant improvements in its refining safety performance in 2011 with both its total recordable incident rate (TRIR) and days away, restricted or transferred (DART) rate falling to about half of what they were the previous year. CITGO excelled in [...]
“Hiring managers give feedback on how much faster they are able to complete the interview and hiring process,” says Flash Foods’ director of training. Flash Foods, a self-sustained convenience store chain with more than 195 locations throughout Georgia and Florida, and PeopleMatter, a comprehensive talent management solution specifically designed for the convenience store industry, have [...]
More Statoil shareholders accept Alimentation Couche-Tard’s tender offer as of Tuesday. Alimentation Couche-Tard reports 77.7% of Statoil Fuel & Retail shareholders have accepted its takeover offer, an increase from 66.7% three weeks ago, after a large shareholder agreed to bid on Tuesday. Alimentation Couche-Tard declined to identify the shareholder, but said it was “very confident” [...]
New iPad app release helps give in-depth insight to ExxonMobil news and reports. ExxonMobil released a new app for the iPad that has free news, blog posts, stock prices and more for people who subscribe. The app, which launched on June 10, gives people the latest ExxonMobil news, stock prices, videos, blogs and notifications. It [...]
Alimentation Couche-Tard announces its offer to Statoil Fuel & Retail expires June 20. Alimentation Couche-Tard Inc. waived all conditions under its offer to Statoil Fuel & Retail, including but not limited to the 90% acceptance level as indcated in the offer document dated April 19. The new extension period will expire on June 20, and [...]
Company waits longer for shareholder response Alimentation Couche-Tard agreed to extend its proposed expansion offer to Statoil Fuel’s until May 29. The $2.68 billion U.S. offer has the support of Statoil ASA, the oil company that owns 54% of the Scandanavian convenience store operations, gut Couche-Tard requires acceptance by 90% of Statoil Fuel’s shareholders. Canada’s [...]
Changes ahead for Sunoco with definitive merger agreement with Energy Transfer Partners Energy Transfer Partners, a Texas pipeline company, has received many calls about Sunoco’s gas stations since the merger was announced April 30, Martin Salinas Jr., the company’s chief financial officer, told analysts this May. Kelcy Warren, CEO of Energy Transfer Partners, bought Sunocoo [...]
Getty enters into new lease agreements with affiliates of Lehigh Gas, Chestnut Petroleum Distributors, Ramoco Fuels and Sam’s Food Stores. Getty Realty Corp.’s master lease with Getty Petroleum Marketing Inc. (Marketing) has been rejected by Marketing effective April 30, 2012, pursuant to an order of the Bankruptcy Court. The rejection was consistent with the [...]
NACS Vice President of Government Relations speaks before the U.S. House Energy and Commerce Committee Subcommittee on Environment and the Economy. On April 19, NACS Vice President of Government Relations John Eichberger testified before the U.S. House Energy and Commerce Committee Subcommittee on Environment and the Economy, on behalf of the convenience and fuel retailing [...]
Gasoline Regulations Act of 2012 passes House Energy and Commerce Subcommittee on Energy and Power. On Tuesday, April 17, the House Energy and Commerce Subcommittee on Energy and Power approved a bill along party lines known as the “Gasoline Regulations Act of 2012,” which would delay EPA’s 2008 ozone requirements and it’s new Tier 3 [...]
Pointsmith receives honor for third straight year after being selected based on a company-wide survey. Murphy Oil USA has named Pointsmith, an at-store point-of-purchase management company, as its Supplier Partner of the Year for the third consecutive year. The award was presented at Murphy Oil’s annual National Managers meeting Jan. 23, 2012, in Orlando, Fla. [...]