If you're a trucker or RVer on the road, all you need is Love's. Love's Travel Stops & Country Stores operates some 315 travel stop locations and 180 truck tire care centers throughout a swath of about 40 states from California to Virginia, including convenience stores in Colorado, Kansas, New Mexico, Oklahoma, and Texas. Each travel stop includes a convenience store; a fast-food restaurant, such as Taco Bell or Subway; and gas outlets for cars, trucks, and RVs. The travel stops also provide shower rooms, laundry facilities, game rooms, and mail drops. Love's Travel Stops & Country Stores is owned by the family of CEO Tom Love, who founded the company in 1964.
More than a third of Oklahoma-based company's stores are located in Oklahoma and Texas.
One of America's largest private companies, Love's Travel Stops & Country Stores' annual sales topped $26 billion in 2013, up from about $22 billion in 2012.
As part of its effort to offer more compressed natural gas (CNG) locations at travel stops in high-traffic areas across the country, Love's is adding fast-fill CNG fuel pumps to eight locations in Texas in 2013. The company began offering CNG fueling dispensers in Oklahoma in 2010. To support its CNG effort, Love's is purchasing 50 new Freightliner Cascadia trucks for CNG fuel delivery in 2013.
Love's adds, on average, about 20 new travel stop per year.
Mergers and Acquisitions
In 2010 the company acquired an additional 26 locations as a result of the merger of rivals Flying J and Pilot Travel Centers. The purchase accelerated Love's growth strategy and provided access to new key markets: New York, New Jersey, South Dakota, and Washington. It also put Love's in a better position to compete for long-haul fleets. The Federal Trade Commission asked Love's to purchase the 26 locations as a condition to Pilot's purchase of Flying J.