CFCA Insider
 
Federated Insurance
Valero Energy Corporation
Shields, Harper & Company
Education
Fuel Marketer News and REG invite you to a webinar that will show you how to grow your business with biodiesel. You will hear a firsthand account from Growmark on how they use biodiesel blended fuel to drive margin for their fuel business.
 
At the ripe old age of 57, the Pacific Oil Conference had yet another fantastic year in Los Angeles. Held on September 6-8 at the JW Marriott, LA LIVE, the POC is the place to be for petroleum marketers and convenience store retailers and this year was no exception. In case you missed it, here's a little bit of what happened...
 
First Community Bank
Argus Media
ADD Systems
Upcoming Events
Every year, the NACS Show brings together convenience and fuel retailing industry professionals for four days of learning, buying and selling, networking and fun — all designed to help participants grow their bottom line.
 
Join your peers and meet North American regulatory leaders and over 230 senior-level risk managers, traders and compliance and regulatory executives to discuss the impact of California's climate plans and federal emissions initiatives on the carbon and transportation markets.
 
Industry News
Employers: Beginning January 1, 2017, employers with 10 or more employees are required to electronically submit employment tax returns, wage reports, and payroll tax deposits to the EDD. All remaining employers will be subject to this requirement beginning January 1, 2018. For more information, visit: E-file and E-pay Mandate for Employers (Assembly Bill 1245).
 
CIOMA has become aware that the Division of Measurement Standards (DMS, the State's weights & measures department) is increasing scrutiny on diesel sales. The problem is that they are finding, more regularly, that diesel fuel is contaminated with sediment and particulates.
 
CIOMA recently participated in a multi-agency discussion of emerging, app-based fueling services. The most interesting part of the day were demonstrations by two companies currently providing app-based mobile fueling services – Booster.com and Purple. They represented both ends of the spectrum in such service providers.
 
CIOMA Benefits
Employers received their most bruising loss in the ongoing war involving class action waivers on August 22, 2016, as the 9th Circuit Court of Appeals became the second federal circuit to strike them down as illegal. When the 7th Circuit issued an opinion earlier this year and became the first appeals court to make such a ruling, employers could view the decision as an anomaly and take comfort in the fact that all other courts reaching a decision had upheld class waivers. But today’s decision changes the national legal landscape (Morris v. Ernst & Young).
 
G&K Services, Inc. (NASDAQ:GK) today announced that its Board of Directors has unanimously approved a definitive agreement pursuant to which Cintas Corporation (NASDAQ: CTAS) will acquire G&K Services in a transaction valued at approximately $2.2 billion, including G&K’s outstanding indebtedness. G&K shareholders will receive $97.50 per share in cash for each outstanding share of common stock held. This purchase price represents a nearly 20 percent premium to the stock’s all-time closing high and a 69 percent premium to the stock’s 52-week closing low.
 
Member News
 
California Independent Oil Marketers Association
3835 North Freeway Blvd., Ste. 240
Sacramento, CA, USA 95834-1955

 

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