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Author Topic: Flying J charging to dump tanks?  (Read 6109 times)
Sean
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« Reply #45 on: March 15, 2010, 12:33:00 PM »

Did the Flying J sale of the truck stops not include the restaurants?  I'm wondering why they would even mention this to the bankruptcy court if Pilot now owns the truck stops? ...


Remember that Flying-J is still in Chapter 11.  If you read the article I linked, it says "... Although the company believes itís in the ordinary course of business not requiring court approval, Flying J wants the bankruptcy judge to bless the proposed lease with Spartanburg, South Carolina-based Dennyís. ..."

While the restaurant lease may be "ordinary course of business," other things are not as clear-cut.  Pilot can not unilaterally decide what it will or will not do with FJ locations until the unit emerges from Chapter 11 with the full blessing of the court.  This news item from October details more of the structure of the combined entity: http://www.csnews.com/csn/news/article_display.jsp?vnu_content_id=1004020901

This is a huge deal.  FJ has 164 restaurant locations, and Denny's will be paying a quarter million apiece for the existing equipment and assets.  On top of that will be another average of a quarter mil apiece in upgrades, and then 7-8% of gross sales.  When you start talking that kind of money, it is no wonder they want the judge to "bless" it -- you don't want someone else coming along and crying "Foul!" by filing briefs with the court.

FWIW.

-Sean
http://OurOdyssey.BlogSpot.com


« Last Edit: March 15, 2010, 12:39:34 PM by Sean » Logged

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belfert
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« Reply #46 on: March 15, 2010, 12:49:25 PM »

I thought Pilot already owned the Flying J truck stops.  Last fall it was announced the new ownership was supposed to start Jan 1.  It looks like the new date is March 31st.  I tried to read through the court docket, but with over 3,000 filings I gave up.

If the merger isn't a done deal i can see why Flying J wanted court approval.  I thought the deal was done on Jan 1 as originally planned.
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Brian Elfert - 1995 Dina Viaggio 1000 Series 60/B500 - 75% done but usable - Minneapolis, MN
Sean
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« Reply #47 on: July 07, 2010, 09:48:36 PM »

http://rvnewsservice.com/?p=428

-Sean
http://OurOdyssey.BlogSpot.com
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BusCrazyinFL
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« Reply #48 on: July 08, 2010, 05:08:40 AM »

You can add LOVES truck stop they are charging $5 to dump too.
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« Reply #49 on: July 08, 2010, 07:52:14 AM »

You can add LOVES truck stop they are charging $5 to dump too.

Is this at all of them?  Does mean that Love's will actually spend money to maintain the dump stations now?

There is a relatively new Loves truck stop in Fernley, NV.  It opened I think four or five years ago.  The first year the dump station was great.  Second year it was already looking kinda of ratty.  Third year it only accepted sewage a little at a time.  By last fall I don't believe the air hose worked and the whole dump station apparatus looked like someone drove over it, dragged it around the parking lot, and then someone remounted it.
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Brian Elfert - 1995 Dina Viaggio 1000 Series 60/B500 - 75% done but usable - Minneapolis, MN
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« Reply #50 on: July 09, 2010, 07:43:48 AM »

FWIW A couple of my drivers bought fuel & dumped last week @ several Flying J's and paid for dumping while paying for the fuel. It was only $3 for the dump charge! Not bad at all in my opinion.
Same time one of the other drivers paid $25 to dump in Panama City, FL @ Kinkaid Bus lines and they would ONLY ACCEPT CASH for payment!
Grin  BK  Grin
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Busted Knuckle aka Bryce Gaston
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Grin Keep SMILING it makes people wonder what yer up to! Grin (at least thats what momma always told me! Grin)
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