U.S. convenience stores experienced a 15th straight year of record in-store sales and a 4th straight year of $10 billion-plus in pretax profits, according to newly released NACS State of the Industry data, the convenience and fuel retailing industry’s premier benchmarks and key performance category insights. The industry’s numbers were announced during the NACS State…
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Shell announces plan to open 10,000 new stations
Oil giant Shell firmly believes that downstream and fuel retail will remain to be key business in the future. The oil major expects annual earnings in the retail segment to grow by more than $1.5 billion by 2025, from today’s $2.2 billion. More than 10,000 new sites will bring its total number of stations to…
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NBB, NATSO and Others Call for Swift Reinstatement of the Biodiesel Tax Credit
The National Biodiesel Board (NBB) joined a letter sent to Congressional leaders from a diverse mix of associations that called for a retroactive, multi-year extension of the biodiesel tax incentive before the end of the year. In addition to NBB, the six other organizations that signed the letter include the Advanced Biofuels Association, the National…
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Autonomous Trucks and Buses To Reach 188,000 Vehicle Sales Annually by 2022
Here has been an explosion of interest in self-driving vehicles in recent years, and there is no doubt that the commercial availability and adoption of autonomous vehicles will disrupt many industries. One of the industries that has already started feeling the disruption is the trucking sector, the backbone of every supply chain. The public transport…
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