The Below the Line Club Suppliers periodically write educational articles relevant to the petroleum distribution and convenience store industries. Below are some of those articles.
Many of our clients in the fuel distribution business operate as part of a larger, integrated group of distinct businesses. For example, the overall group of companies may include a fuel distribution business, a retail gas and convenience store, trucking, home heating oil or propane business. Often, these clients find it beneficial, for a number of reasons, to organize each business within its own legal entity, with the group of businesses typically connected through common ownership and control and several key contractual arrangements.
Recently, we’ve been hearing a lot from our clients about house accounts. Many are processing their transactions manually either due to POS or price book restrictions or lack of a better process. Clients speak about how time consuming and labor intensive the process is…
The Securities and Exchange Commission (“Commission”) on June 5, 2019, adopted Regulation Best Interest (“Reg BI”), the centerpiece of its four-part regulatory revision that will impact the way broker- dealers (“BDs”) and registered investment advisers (“RIAs”) conduct business with “retail” investors (meaning you, me, Aunt Betsy and Uncle Charlie, and others we care about.)
The Hartley Company was founded in 1912, by W.H. Hartley when he built the country’s first service station located between Columbus, Ohio and the Pennsylvania state line.
Statistically, there is 100% turnover within the hourly workforce across all industries. In some cases it can be as high as 400%.
Legendary singer and songwriter Tom Petty had a way with words. He might as well have been referring to upgrading EMV dispensers when he sang, “The waiting is the hardest part.”
The company credit application is truly the workhorse of a credit function, from start to finish. It’s frequently the first official document a new prospective customer is exposed to…
Sweet and sour. Bert and Ernie. Peanut butter and jelly. Sonny and Cher. Mac and cheese. Having your cake AND eating it too. And of course, lubricants AND fuel. It’s the peaches and cream of our industry.
Analysts expect planned global refinery turnarounds to average 4.6 million barrels per day in 1Q 2020 — 34% above normal.
Delivery orders increase at times of lower in-store traffic