Trucking Industry Suffers

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

Seeing Blue

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 to Join Irving Oil in Refinery Project

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

An Expensive Security Lesson

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

Shell’s U.S. CEO to Retire

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.

Tesco U.S. in Trouble?

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

Hoops Stars Become Dunkin’ Franchisees

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,

Town & Country Boosts Susser Profits

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

Sunday Alcohol Sales in Ga. Hit Snag

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

Reward Doubled in Redner slaying

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

Experts Predict gas to Reach $4

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

Couche-Tard Revenues Up

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

New Rules for Conn. C-Stores

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

Food Industry Mergers and Acquisitions Surged in 2007

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

CHS Strikes Deal to Acquire Zip Trip

CHS Inc. said today it reached a deal to acquire 33 Zip Trip convenience stores in the Spokane, Wash. area, owned in part by Jopo Inc. and Jo-By Enterprises LLC. Financial terms were not disclosed. All of the units will be rebranded under the Cenex retail brand this summer. The purchase will make Spokane the

U.S. Gas Prices Reach Record High

The American Automobile Association says the price of gas went up to just under $3.23 cents a gallon overnight, a bit higher than the previous record price set last May. Record oil prices are the reason. The cost of a barrel reached about $110 dollars Tuesday morning. They are up from $87 a barrel in

N.Y Smoke Screen Costly

New York State is losing out on $1.6 million per day by failing to collect taxes on cigarettes sold through Native American tribal businesses as required by law. That was the result of a study commissioned by the New York Association of Convenience Stores (NYACS) and done by economist Brian O’Connor, Ph. D. NYACS said

Welsh Mart Founder Honored

For nearly half a century, the business acumen of Robert J. Welsh Jr. has shown brightly in Indiana and across the country. It seems fitting, then, that Welsh, CEO and chairman of Welsh Holdings, LLC was inducted this week into the inaugural class of the Northwest Indiana Business and Industry Hall of Fame. Welsh, now

Houston Aims to Curb C-Store Crime

A sweeping retail reform ordinance has been proposed in Houston that would require all convenience store owners to register their businesses with the city and install cameras, drop safes and panic buttons. The proposal is now headed to the City Council for a vote in the coming weeks. The council’s Public Safety and Homeland Security

Eliminating Cash Shrinkage

Evolution of Cash Management and the Retailer

Chevron Unveils New Refining Technology

Chevron Corp. said it plans to build a pre-commercial plant at its refinery in Pascagoula, Miss., to test the technical and economic viability of a breakthrough heavy-oil upgrading technology. This proprietary technology, called Vacuum Resid Slurry Hydrocracking (VRSH), has the potential to significantly increase yields of gasoline, diesel and jet fuel from heavy and ultra-heavy

Congress Warns Credit Card Companies to ’Play Fair’

House Judiciary Committee Chairman John Conyers (D-Mich.) and Rep. Chris Cannon (R-Utah) yesterday introduced the "Credit Card Fair Fee Act", legislation that for the first time deals with the biggest credit card fee of all–the interchange fee, which grew to $36 billion in 2006. "We welcome this effort to stop the price-fixing practices of the

Two New Stores for Kum & Go

Kum & Go L.C., operator of 430 convenience stores in 12 states, has added two new-to-industry stores to its portfolio. Both units, in Greeley, Colo. and Elk Point, S.D., measure 3,400 square feet and are open for business. The Colorado unit features 16 fueling stations and includes diesel and E85 fuels. In addition to the

Health Groups Urge Higher Cigarette Taxes in N.Y.

Health-care advocates in New York called upon the legislature to increase the double the state tax on cigarettes to $3 a pack to encourage smokers to quit and increase state revenue. "The price increase will encourage 168,000 adult smokers to quit and prevent 291,000 teens from ever smoking," Russell Sciandra, director of the Center for

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