Kenan Advantage Group Signs Five-Year Agreement with 7-Eleven
Canton, OH, September 3, 2008 – Kenan Advantage Group (KAG) today announced the signing of a five-year transportation agreement with 7-Eleven, Inc. KAG will be the single-source provider of bulk fuel transportation and logistics services to the world’s premier convenience retailer. KAG is North America’s largest bulk transportation and logistics provider to the petroleum and specialty products industries. 7-Eleven is the convenience store industry’s largest chain with approximately 7,600 stores in North America serving approximately 7 million customers per day and some 34,600 worldwide. The contract, valued at more than $300 million, was signed on 7/11/08.
Dennis Nash, president and chief executive officer of KAG said, “Extending this long-standing agreement with 7-Eleven is an indication of the strength of our relationship and the value that we deliver as a ‘single-source’ provider with our national presence.”
“Aligning ourselves with the country’s largest convenience store operator speaks directly to our commitment to excellence and the value-added services we provide our customers,” Nash said. “By building strong, long-term partnerships with our customers, both parties are better poised to meet the challenges of the future.”
According to Gary Lockhart, 7-Eleven’s vice president of gasoline supply, “We are focused on streamlining our business and gaining efficiencies which includes using companies such as KAG. This agreement provides a complete supply chain solution for our fuel needs today and positions us well for future growth.”
Kenan Advantage Group operates nationwide through its subsidiaries: Advantage Tank Lines, BXI, KAG West, Kenan Transport, Klemm Tank Lines, North Canton Transfer, Petro-Chemical Transport and Transport Service Co. KAG’s fleet consists of more than 3,100 power units and 4,100 trailers. KAG also provides specialized supply chain logistics services through KAG Logistics and KAG Ethanol Logistics (www.kaglogistics.com).