July 12, 2014 6:52 AM ET

Specialty Retail

Company Overview of Love's Travel Stops and Country Stores, Inc.

Company Overview

Love's Travel Stops and Country Stores, Inc. operates fueling stations with attached convenience stores. The company also operates travel stops that are located on interstate highways and offer additional amenities, such as food from national restaurant chains, as well as trucking supplies, gifts and novelty items, showers, and RV dump stations. In addition, it operates truck tire care centers that offer tire care and roadside assistance; and hauls petroleum fuel. The company was formerly known as Musket Corporation and changed its name in 2001. Love's Travel Stops and Country Stores, Inc. was founded in 1964 and is based in Oklahoma City, Oklahoma.

10601 North Pennsylvania Avenue

Oklahoma City, OK 73120

United States

Founded in 1964

Phone:

405-751-9000

Fax:

405-749-9110

Key Executives for Love's Travel Stops and Country Stores, Inc.

Founder
President
Chief Financial Officer and Executive Vice President
Vice President of Operations
President of Development
Compensation as of Fiscal Year 2014.

Love's Travel Stops and Country Stores, Inc. Key Developments

Love's Travel Stops Offers Financial Solutions for Professional Drivers

Love's Travel Stops & Country Stores has announced the introduction of Love's Financial to offer factoring solutions to professional drivers. Love's newest service is designed to help drivers manage their business and cash flow through flexible cash management products with lower transaction fees. Freight factoring with Love's gives drivers more time to focus on their business without worrying about paperwork.

TravelCenters of America LLC Settles Previously Disclosed Antitrust Case

TravelCenters of America LLC announced that it has entered a memorandum of understanding to settle a long running, civil, class action, antitrust case titled Marchbanks Truck Service, Inc., et al. vs. Comdata Network, Inc., et al. pending in the U.S. District Court for the Eastern District of Pennsylvania. In this case, the plaintiffs alleged antitrust violations arising from Comdata's contractual relations with truck stop operators. Comdata, its parent company, TA and other chain operators of travel centers, Pilot Travel Centers LLC and Love's Travel Stop and Country Stores, Inc., were named as defendants. All of the defendants in this case have entered settlement memorandums which, if completed, will result in aggregate payments by all defendants totaling $130 million, including $10 million to be paid by TA. The settlement by certain other defendants is expected also to result in certain non-monetary consideration in the form of changes in Comdata's enforcement of its contracts, none of which TA believes will be detrimental to TA's business. TA determined to enter this settlement in order to avoid the expense and distraction of this continuing litigation, especially because certain other defendants determined to settle separately which likely would have increased TA's costs of continuing litigation. TA expects the $10 million settlement will be recorded as a charge to earnings in the fourth quarter of 2013.

Love's Travel Stops Presents at Natural Gas Shipper Symposium, Aug-06-2013

Love's Travel Stops Presents at Natural Gas Shipper Symposium, Aug-06-2013 . Venue: Deer Valley Resort, Park City, Utah, United States. Speakers: Frank Love, President, Chief Operating Officer.

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