1-1-2010 Flying J will become Pilot.

[belfert]

I am no bankruptcy expert by any means, but doesn't any sale of assets go to satisfy the creditors?  I don't understand how it would have benfited the owners.

That's not how it works in Chapter 11 (which is what FJ filed).  You may be thinking of Chapter 7, which is permanent bankruptcy with liquidation.  Ch-11 is for reorganization, wherein unsecured creditors get shafted completely, and secured creditors end up having to renegotiate terms if they ever want to see any of their money or collateral.

But I still suspect in no case would the owner be able to benefit directly from the total or partial sale of the company during bankruptcy.

In my employer's chapter 11 bankruptcy case they did pay off unsecured claims, but only less than 2% at max.

[belfert]

What I like about Flying J is that they will accept my MasterCard and give me the cash price and also get the 1 cent/gallon discount with my RV card.  The "other" truck stops charge the credit card price which can be 6-8 cents per gallon more. 

I have the Flying J RV card, but I usually use their RV lanes since pay at the pump is faster than going inside plus they don't charge for credit cards.  At Love's I will use of the pumps out front to avoid the credit card surcharge.  The Love's at Fernley, NV has plenty of room for a bus out front.  Yes, it takes more time to fill the tank, but I usually have more time than money.

[NJT 5573]

The last post by Flying J said no one was losing any money. Everyone would be paid. Claimed Flying J had a credit problem when things crashed last year and could not borrow the money they needed. Pilot handed them $100 Million to keep things rolling and they have merged. Sounds like Flying J keeps substantial equity in their property's and could in time regain control of their property's if they wanted. They went broke with a lot of equity, but you gotta wonder how much they lost when the price dropped.

They always treated me well. They were the first truck stops with edible food, clean showers, and usually the cheapest fuel. They always have been leaders in helping you get some basics and get back on the road. They have always welcomed my bus and made room for me to get some rest when I have needed it. I have always been safe sleeping in a truck on Flying J Property. Sorry to see this happen to Flying J, I think they were good people.

Medium size business like Flying J really need to gamble in the futures market. Having an unstable dollar really makes it hard to run an honest business. Marrying into Petro could be good for Flying J. It could give them the size and money to deal with volitle markets in the future. They have been around a long time, if they hand it all over to Petro, it will be a sad day.

[jackhartjr]

Pilot has 51% of Flying J.
Jack

[John316]

Some Loves do have dumps. That is where we dumped yesterday....

FWIW.

God bless,

John

[Barn Owl]

Flying J quickly became my favorite. I felt that they truly wanted my business, and made it easier for RVs than the others.

[gus]

On our recent trip I quickly figured out that since FJ prices were almost always higher the discount didn't mean much.

I always fuel at the RV station or the auto station to avoid the mess and hassle at the truck stations. In some states the price is less than at the truck stations.

[John316]

I have heard from one of my trucker buddies, that FJ heats their diesel, to increase their volume. Does anybody have the skinny on this?

God bless,

John

[Sean]

On our recent trip I quickly figured out that since FJ prices were almost always higher the discount didn't mean much.

Gus, my experience is quite different than yours.  I have consistently found FJ to be the same price or lower than other truck stops within a few miles radius.  The fact that FJ gives me the cash price, even if I use credit, has always pushed me over the edge to FJ, and the penny a gallon discount has been further incentive.

That said, I was mightily annoyed when they stopped honoring the cash price and penny discount for RVers at the truck islands.  It takes me four times longer or more to fill at the car/RV island; the difference between ten to fifteen minutes vs. close to an hour.

... In some states the price is less than at the truck stations.

AFAIK, the only state where this is true is Arizona, and even then, the price you are supposed to pay is the same.  In AZ, vehicles over 26,000 lbs or over two axles are assessed a $0.08 surcharge.  At the truck islands, this surcharge is included in the pump price, whereas at the car or RV islands, it is not.  However, if you have a two-axle vehicle less than 26,000 lbs (and they just believe you when you tell them), they will happily deduct the 8 cents at the register when you pay inside for the truck islands.  At the car islands, you are, technically, not legally permitted to use those dispensers if your vehicle does not qualify.  There is a sticker right on the dispenser that tells you this; you can be cited, fined, or even arrested for fueling a non-qualifying vehicle at a discounted dispenser.  I believe most stations can assess the extra 8 cents at those dispensers if you tell them ahead of time.

Incidentally, Oregon and Indiana also have differential pricing for commercial trucks vs. non-commercial vehicles, but in this case the discount works the other way -- commercial trucks pay less than non-commercial vehicles.  You need to have a PUC or DOT number to get the discounted price.

I have heard from one of my trucker buddies, that FJ heats their diesel, to increase their volume.

John, this one made me chuckle.  I bet those same trucker buddies believe that NASA faked the moon landings, or that President Obama was not born in the United States.

The whole idea is preposterous, if for no other reason than the economics of it (or the physics, if you prefer).

Liquids such as diesel fuel expand by a tiny fraction of a percentage when they are heated, at least until they boil completely.  You can look up the coefficient of thermal expansion in any handy reference, such as the CRC handbook (or I bet Google will find it for you).  The amount of "extra money" that a station will make from selling warm fuel vs. cold fuel would be minuscule.  By contrast, the energy required to heat the fuel would cost a bundle.  It is simply impossible, physically, to recoup the cost of heating the fuel with the amount of money you could make on the "additional volume."  Never mind actually making a profit.

-Sean
http://OurOdyssey.BlogSpot.com

[John316]

Thanks, Sean. That is kinda what I figured (for the reasons that you stated). I just wanted to be sure.

God bless,

John

[usbusin]

or that President Obama was not born in the United States.

Was he? Have you seen or has anyone seen his "long form" birth certificate?  Not the COLB that he and others have posted on the internet.


If you want to see what is happening on this subject go to Dr. Orly Taitz web site: http://www.orlytaitzesq.com/


Here is what Dr. Taitz posted yesterday.

"Posted on | September 28, 2009 | 8 Comments

I think all those prayers help. Today I had two of my motions granted.

1. Judge Carter had granted my motion for surreply. I can provide 10 more pages of argument and all the necessary attachments  by October 1st.

a number of my supporters and followers have sent FOIA requests for information. It is hard for me to find some of them amongst over 80,000 e-mails. If you had sent FOIA requests and did or did not get answers, please e-mail to me under heading FOIA to dr_taitz @yahoo.com.

If you send requests for info on tampering with passport records, send those to me.

I need those two FOIA requests of the Selective service certificate. ( I remember there were 2 with different info provided by the government)

I need FOIA requests for info on travel, passport records and other state dep info.

Mr. Ken Allen -I need certified copies from you ASAP.

Mr. Chris Strunk I need certified copies from you ASAP

My buddy Devvy Kidd- I need certified copies from you - particularly from the registrars of the u of Wa and HI (Stanley Ann Dunham's alma mater in 1961 was U of WA not U of HI)- the copies you sent me weren't notarized.

I need a certified copy and affidavit from MR. Wilson- about 2 certificates of candidate signed by Pelosi.

Did anyone already  send send a FOIA on that one

Will this Miss Trigy provide a cert. copy?

I need an affidavit, FOIA request and whatever you have in re to homicide of Lt. Querles Harris and Donald Young

Any FOIA requests  for info from Kapiolani hospital, Queens hospital and S traub clinic?

Mr. Kurt Fuqua-I need you cert copies.

Any FOIA requests on the arrests of Vivek Kundra and Aqair ( according to WA times forged birth certificates were found at the apartment of  Aqair - assistant chief of cyber security for Obama)

Any FOIA requests for the unredacted report on the passport tampering.

I will provide more info tomorrow.

2.  Judge Land in GA granted my motion to withdraw as counsel. the reason, i had to do it, since Cpt Connie Rhodes was under tremendous pressure, intimidation by the military and department of defense and she stated that she didn't want to proceed under this pressure. Now I don't have my hands tied behind my back, I can provide more info, now I can do more on my own behalf.

3. I am submitting today a notice of appeal in FL on behalf of Major Cook . While his orders to deploy were revoked by the military, he was a victim of retaliation and the military pressured his employer to fire him. We are seeking damages. Notice of appeal in GA was already filed.

4. as you know, I came from South Dakota yesterday, where I had a very productive    meeting with the community leaders. State House of  Representatives Majority Whip has shown interest in working on this matter. I have forwarded documents to him. He will be holding meetings with other legislators this coming weekend

I appreciate all the donations. Those help pay for $450 each appeal form, $400 or so each transcript, $500-600 each airplane ticket and so on.

Special thanks to Donna and Garland Petersen, their twins and grandma Betty (name sake of my grandma) for their great hospitality in South Dakota.  I will post the pictures and video, when I get them."

[Sean]

See, there's one in every crowd.  Now if you'll excuse me, I need to go put my tin foil hat back on before the aliens they've been hiding over in Area 51 eat my brain.

-Sean
http://OurOdyssey.BlogSpot.com

[usbusin]

Yes Sean, probably more than one.

[belfert]

I just got back from a 4,000 mile trip and fueled only at Flying J where possible.

I did notice at a Flying J in Utah that they were charging 5 cents more than the guy down the street.  This was only a stop to meet up with the other vehicle on the trip.  We did not fuel there.  I did not note if Flying J was more expensive at other stops.

[ruthi]

We fuel every 3 or 4 days. We always use flying J, if possible. We do notice that they just about always have the same, or better price than others. Working on the road would be much harder if we didnt have flying Js to  stop at, and dump and get water. We are mostly in the southeast areas, so, dont know about the rest of the country. Hope they stay around.