Love’s Travel Stops & Country Stores is No. 25 on the 2008 Forbes’ Magazine list of the largest private companies, a significant jump from the company’s No. 42 position last year. Love’s has consistently made the Forbes list since debuting at No. 446 in 2000. “We’re proud to once again be among the companies on…
ExxonMobil Investing $1B In Clean Diesel
ExxonMobil Refining and Supply said it’s investing more than $1 billion in three refineries to increase the supply of cleaner-burning diesel by about 6 million gallons per day. The company will construct new units and modify existing facilities at refineries in Baton Rouge, La.; Baytown, Texas; and Antwerp, Belgium. “This underscores the company’s ongoing commitment…
Fuel Decline Streak Ends
By Brian L. Milne, Refined Fuels Editor for DTN Wholesale gasoline prices posted double digit increases in most metropolitan regions across the U.S., jumping 20 cents or more in Chicago and Cleveland, to reverse most of the decline in the wholesale market experienced during the first week of December primarily on expectations for supply cuts.…
Ohio-based Englefield Doubles In Size
Englefield Oil Co., of Heath, Ohio, will just about double in size with the pending purchase of 43 BP c-stores in the Columbus, Ohio, area, according to the Newark Advocate. Factoring in the acquired stores – the acquisition is expected to close in January – Englefield’s annual sales will be in excess of $1 billion.…
They Need A Mojave Java
Oklahoma City-based Love’s Travel Stops & Country Stores has broken ground on its newest travel stop location in Barstow, Calif., just off Interstate 15. The store is expected to open in late spring next year. It will employ between 30 and 50 people and will contribute more than $100,000 in annual tax revenues to the…
Analyst Upgrades Casey’s
Healthy same-store sales growth prompted Morgan Keegan analyst John Lawrence on Friday to upgrade shares of Casey’s General Stores to "outperform,” the Associated Press reported. The Ankeny, Iowa-based company reported a 1% drop last week in second-quarter earnings and missed analyst expectations, since a 17% jump in revenue was downplayed by higher costs. But the…
When Retail Foodservice Shines
Six percent of the roughly 62 billion commercial foodservice meals and snacks consumed in a year are purchased at retail stores — food, drug, discount, department, and price clubs — while convenience stores represent an additional 7%, a new report from The NPD Group showed. Retail foodservice represents a spending level of almost $13 billion,…
Casey’s Intros New Store Design
In keeping with a plan outlined in its annual report, Ankeny, Iowa-based Casey’s General Stores is rolling out expanded store designs, the Des Moines Register reported. Casey’s executives told the Des Moines Register that roughly half a dozen stores with the new design are open or nearing completion, and the company hopes to finish a…
Indiana Man Wins Free Pizza, Gas For a Year
A customer at the Little Point Auto Truck Stop in Stilesville, Ind., is the grand-prize winner of the inaugural Hunt Brothers Pizza Free Fill-up Sweepstakes, the company said. Bill Holland was a randomly selected from 41,168 entries. He’ll receive gasoline and free Hunt Brothers pizza for one year, courtesy of Hunt Brothers. “The contest was…
Exxon And Employees Donate $17M
ExxonMobil’s corporate, employee and retiree contributions to the United Way in the Houston and Baytown areas reached a record $17 million recently, the company said. The announcement was made during a celebration at NCI Ripley House Community Center where checks for $11.3 million and $1.7 million were presented to the United Way of Greater Houston…