Overdrive

August 2010

Issue link: https://read.dmtmag.com/i/14162

Contents of this Issue

Navigation

Page 69 of 101

LogBook (Continued from Page 15) Pilot, Flying J wrap up merger Pilot Travel Centers LLC and Flying J Inc. have completed the merger of the two com- panies, creating a network of more than 550 interstate travel centers and travel plazas. The new company, called Pilot Flying J, operates in 43 states and six Canadian prov- inces and employs more than 20,000 people. Pilot Flying J is selling 26 locations to Love’s Travel Stops & Country Stores as required by the Federal Trade Commission as a condition for the merger. In July 2009, Pilot and Flying J Pilot and Flying J brands will start appearing on signage at inter- state travel center locations of the recently merged companies. announced a preliminary agree- ment to merge their travel center operations. Pilot has begun to accept the TCH card, and Flying J has begun to accept Comdata cards. Other plans call for enhanced restaurant offerings with national brands in all locations. Brand additions to Flying J locations in the new network include Denny’s, Subway and Pizza Hut. Also, drivers’ lounges, new gasoline and diesel pumps, enhanced showers and remodeled restrooms at many locations will be upgraded. Meanwhile, Flying J’s reorga- nization plan – which provides for the payment of its creditors in full in cash, plus interest – has been confirmed by the U.S. Bankruptcy Court for the District of Delaware. Flying J has refinanced some For over 40 years, New & Improved Lease Purchase Program $500 Fuel Credit 30 Day Bumper to Bumper Warranty National Carriers has laid the groundwork for steady growth and success. The Elite fleet is protected from a sometimes fragile industry by steady freight and satisfied customers. GREAT OPPORTUNITIES FOR LEASE PURCHASE DRIVERS, OWNER OPERATORS & COMPANY DRIVERS SHARE OUR STRENGTH, CALL 888-808-8852 OR CLICK WWW.NATIONALCARRIERS.COM ® ® of its debt and sold certain non- core assets, including Longhorn Pipeline, Flying J Oil and Gas, Haycock Petroleum, and Big West of California. The company said these transactions have enabled it to repay in full the $1.4 billion owed its creditors. To reduce confusion, Flying J will change its corporate name to FJ Management Inc., which will continue to own and operate the Big West Oil refinery in North Salt Lake, Utah, and Transportation Alliance Bank, plus maintain an ownership stake in TCH (Transportation Clearing House) and in Pilot Flying J travel centers. — Staff reports 68 OVERDRIVE AUGUST 2010 National Carriers_OVD0810_PG.indd 1 7/15/10 2:20 PM trucking opportunities Visit www.overdrive.hotims.com and enter 219

Articles in this issue

Links on this page

Archives of this issue

view archives of Overdrive - August 2010