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Supply, Marketing, Distribution, Transportation & Logistics News & Information
July 2017 Issue

Business Management News

7-Eleven Celebrates 90 Years of Convenience

7-Eleven Inc. helped introduce convenience retailing to the world 90 years ago today (July 11), also known as 7-Eleven Day. To celebrate its milestone birthday, the convenience store chain is inviting millions to join them for a free Slurpee party, continuing the tradition that started on the retailer’s 75th birthday in 2002.   Participating U.S. ...

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Ascentium Capital Announces Record Second Quarter in Originations

July 10, 2017 • App Homepage, Business Management NewsComments Off on Ascentium Capital Announces Record Second Quarter in Originations

Ascentium Capital LLC, a leader in small business financing, announced a record quarter in origination volume, reaching $255.7 million. This represents a 14.0% increase quarter-over-quarter.   “Our people and our finance platform deliver unprecedented...

Empire Petroleum Partners, LLC Announces Retirement of Hank Heithaus and Appointment of Rocky Dewbre as New CEO

July 10, 2017 • App Homepage, Business Management News, Wholesale Operations NewsComments Off on Empire Petroleum Partners, LLC Announces Retirement of Hank Heithaus and Appointment of Rocky Dewbre as New CEO

Empire Petroleum Partners, LLC, a leading motor fuels wholesale distributor and distribution services provider to top gasoline brands, announced the retirement of its current Chief Executive Officer, Hank Heithaus, effective September 15.  ...

Nooner Holdings Company Selects PDI as New ERP Software Provider

July 6, 2017 • App Homepage, Business Management News, Retail Operations NewsComments Off on Nooner Holdings Company Selects PDI as New ERP Software Provider

PDI, a leading global provider of enterprise-class software solutions to the convenience retail and wholesale petroleum industries, announced it has been selected by Nooner Holdings, LLC as its enterprise resource planning (ERP) software provider. Nooner...

Leighton O’Brien Appoints New President of Wetstock International

July 6, 2017 • App Homepage, Business Management News, Retail OperationsComments Off on Leighton O’Brien Appoints New President of Wetstock International

Leighton O’Brien announced the promotion of Greg Salverson to the newly appointed position of President, Wetstock International.   Formerly International Business Development Manager, Mr. Salverson will be responsible for continuing to grow the...

U.S. Army Tests Hydrogen Technology for Diesel Trucks

July 3, 2017 • App Homepage, Business Management News, Fleet Operations NewsComments Off on U.S. Army Tests Hydrogen Technology for Diesel Trucks

U.S. Army demonstration shows mileage improvement for a diesel truck using a proprietary hydrogen injection system. Commercial Hydrogen, Inc. of Houston developed the system, which is designed to improve mileage and air quality for diesel trucks.  ...

Getty Realty Corp. Enters Into Definitive Lease-Back Funding Agreement with Empire Petroleum Partners LLC

June 28, 2017 • App Homepage, Business Management News, Retail Operations NewsComments Off on Getty Realty Corp. Enters Into Definitive Lease-Back Funding Agreement with Empire Petroleum Partners LLC

Getty Realty Corp. (the “Company”) announced that it has entered into a definitive agreement providing for acquisition lease-back funding to Empire Petroleum Partners, LLC (“Empire”). The Company, through a subsidiary, will acquire fee simple...

NRF/University of Florida Survey Says Retail Shrink Increased to $48.9 Billion in 2016

June 26, 2017 • App Homepage, Business Management News, Retail Operations NewsComments Off on NRF/University of Florida Survey Says Retail Shrink Increased to $48.9 Billion in 2016

Thefts from retailers and other inventory “shrink” grew to $48.9 billion in 2016 from $45.2 billion the year before even as budget constraints left retail security budgets flat or declining, according to the annual National Retail Security Survey released...

NACS Announces Partnership with the American Red Cross

June 26, 2017 • App Homepage, Business Management News, Retail Operations NewsComments Off on NACS Announces Partnership with the American Red Cross

The American Red Cross and NACS, the association representing the nation’s 154,000-plus convenience stores, announced that they have developed a partnership to advance community giving and disaster relief programs for NACS member companies. NACS is the...

Petroleum Solutions, Inc. Announces New Director of Service and DFW Branch Manager

June 26, 2017 • App Homepage, Business Management NewsComments Off on Petroleum Solutions, Inc. Announces New Director of Service and DFW Branch Manager

Petroleum Solutions, Inc. (PSI) is pleased to announce the promotion of Wes Nance to Director of Service. In his new role, Wes’s primary task will be service business development, which includes leading efforts to improve customer service, responsiveness...