Love’s to celebrate with record year of building
It’s Love’s Travel Stops 50th anniversary, and Tom Love, the truck stop giant’s founder and executive chairman, says the company will celebrate with a record year of building. Love’s usually builds around 20 new stores a year, but the projected growth for this year is 30 new stores.
Another milestone for the company will be establishing a presence in Maryland, its 40th state. Cumberland, Md., will be the new home of a Love’s Travel Stop with a prospective opening this fall. In 2014, Love’s will also focus on reinvesting in its current locations. Some stores will be remodeled and expanded while others will be completely razed and rebuilt. Expansion plans include more Truck Tire Care centers, accommodations for more services, and the addition of compressed natural gas (CNG) to certain fueling stations throughout the country. The additions and rebuilds are reflective of the Oklahoma City, Okla.-based company’s focus on responding to its customers’ changing needs.
Currently with a network of 312 stores in 39 states, Love’s has come a long way from its 1964 beginnings when Tom and Judy Love opened a single gas station with a few employees in western Oklahoma. Soon after, Love’s opened its first convenience store in Guymon, Okla. Amarillo, Texas, became the home of Love’s first travel stop in 1981. Since then, thousands of drivers have been served with the fuel, food, and supplies they need to keep going. Love’s says its guiding principle is “Clean Places, Friendly Faces.”
Two types of facilities are currently operated by Love’s. Love’s Country Stores include fueling stations and attached convenience stores. Love’s Travel Stops are located on interstate highways and offer additional features such as Subway, Arby’s, and Carl’s Jr. restaurants along with trucking supplies, showers, and RV dump stations.
Love’s currently reports annual revenues of more than $26 billion and employs approximately 10,000 people. In 2013, the company ranked No. 9 on the Forbes list of America’s Largest Private Companies.
, Truck Stops