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FJ Management to Acquire Majority Interest in Maverik

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

DCF 1.0

Duncan Oil Partners With VP Racing Fuels

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

gasnozzle

Kansas Jury: Hot Fuel Not Deceptive

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.

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Pilot Flying J Closes Maxum Petroleum Acquisition

“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

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CITGO Improves Safety Rates In 2011

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

FLASHFOODS

Flash Foods Captures Real Returns In HR Automation

“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

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Three-Fourths At Statoil Accept Couche-Tard’s Offer

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”

exxonmobilLARGE

ExxonMobil Offers Free iPad App

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

acquisition

Alimentation Couche-Tard Extends Statoil Offer

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

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Couche-Tard Extends Offer Deadline

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

SUNOCO

Future Of Sunoco Gas Stations

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

Getty Realty Corp. Repossesses 788 Properties

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

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NACS Testifies On Domestic Fuels Bill

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

fuelpumpingLARGE

PMAA Endorses Gasoline Regulations Act of 2012

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

From left: Mark Smith-(Pointmsith), Kyle Williams and Amber Lucas (Murphy-Oil)

Murphy Oil USA Names Pointsmith Supplier Partner of the Year

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.

noco

NOCO Express Acquires Store In Macedon

Newly acquired location to undergo renovations this spring. NOCO Express, a family-owned and operated gasoline convenience store chain headquartered in Tonawanda, N.Y., has entered Wayne County.  NOCO has acquired the lease for Prime Convenience, a 3,333 square foot store located at 1241 State Route 31 in Macedon effective March 1, 2012.  The addition of the

VERC

VERC Enterprises Named Employer of the Year

Westwinds Clubhouse to present  VERC Enterprises with an award at its Massachusetts Clubhouse Coalition awards ceremony April 10. VERC Enterprises, a convenience store and Mobil/Gulf gasoline operator with 24 locations throughout eastern Massachusetts and New Hampshire, has been named Employer of the Year by Westwinds Clubhouse in Fitchburg. “VERC Enterprises was selected for this honor

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Fast Nickels vs.Slow Dimes

When it comes to competing in the fuel business, convenience store retailers must fight to maintain their market share. By Jim Callahan. I received an inquiry from a small retailer in the Northeast recently who had lost a huge chunk of his fuel volume due to some fierce new competition. This is an issue that

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Coulson Oil Buys Two Arkansas Convenience Stores

While it usually leases properties to independent operators, Coulson Oil plans to operate its newly acquired stores. After years of supplying gasoline, North Little Rock, Ark.-based Coulson Oil Co. has purchased two convenience stores in the Texarkana, Ark. area, marking a new direction for the company, which chiefly sells fuel, Arkansas Business Online reported. The

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Robin Oxford Joins NACS

NACS welcomes new director of political affairs. Robin Oxford has joined NACS as its director of political affairs. In this position, Oxford will be responsible for all elements of NACSPAC, the political action committee representing the convenience and fuels retailing industry, and will handle all day-to-day operations and strategic initiatives designed to maximize the NACSPAC’s

Earns ConocoPhillips

Market Force & ConocoPhillips Receive Ventana Research Leadership Awards

Ventana Research Leadership Award comes on the heels of Forbes’ America’s Most Promising Companies recognition. Market Force, a worldwide leader in customer intelligence solutions, and its client ConocoPhillips have received the Ventana Research Leadership Award for Customer Excellence. The Ventana Research 2011 Leadership Awards recognizes innovative companies and their customers that have most effectively achieved

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Irving Oil Awards $60,000 to Six Community Organizations

Each organization earns up to $15,000 to support education, the environment, and local communities through Irving’s  Community Fuel Grant Program. Irving Oil has just awarded $60,000 to support six local community organizations throughout Atlantic Canada and New England through its Community Fuel Grant Program. Each organization applied and requested for a grant worth up to

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Atlas Oil Hosts SANG Base Holiday Event

Atlas Oil Co.’s charitable arm, Atlas Cares, is hosting its fifth Annual Selfridge Air National Guard Base (SANGB) Holiday Party, on Dec. 4, 2011, from 11 a.m. – 4 p.m. This event is held each year to honor and recognize the men and women who fight for our freedom.  This year, the entire base –

fuelnozzle

Wholesale Gasoline Costs Tumbling on Weak Demand

Even as the U.S. crude price benchmark comes within pennies of $100 barrel, wholesale gasoline costs moved sharply lower, down by double digits in numerous major metropolitan markets across the country during the second full week of November. Partly explaining the disconnect is weak demand for gasoline, which recently sunk to near an eight-year low

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Susser Reports Operating Results

“We delivered one of our strongest quarters ever in same-store merchandise sales growth during the latest quarter, and despite higher gasoline prices versus a year ago, we achieved strong growth in gallons sold,” says Susser CEO. Susser Holdings Corp. has reported strong financial and operating results for the third quarter ended Oct. 2, 2011, driven

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