In April 2013, agents from the FBI and IRS raided the Knoxville headquarters of the largest truck stop chain in the United States: Pilot Flying J. It was part of a massive investigation into a fuel rebate scam. In all, 14 former Pilot employees pleaded guilty in what was known as “jacking the discount.”
Who was involved in the Pilot Flying J scandal?
Freeman and Brian Mosher were sentenced to two-and-a-half years in prison, while Vicki Borden received a two-year sentence. Freeman and Mosher must each pay a $100,000 fine, and Borden a $75,000 fine.
What happened at Flying J?
Pilot Flying J and its related brands will move forward under a new corporate name, Pilot Company, the Haslam family announced Thursday. Pilot Company will become the umbrella over the fuel company’s entire business portfolio — including its retail and energy divisions.
Does Warren Buffett Own Pilot Flying J?
Warren Buffett Reveals He Paid $2.786 Billion for Stake in Pilot Flying J. Warren Buffett said his Berkshire Hathaway Inc. … Berkshire paid $2.76 billion for its 38.6% stake in Pilot Travel Centers, the owner of the Pilot Flying J truck stop chain, according to an insurance filing.
What happened to Flying J truck stop?
To settle antitrust concerns with the Federal Trade Commission, Pilot sold 20 Pilot Travel Centers locations and six Flying J locations to Love’s Travel Stops & Country Stores on June 30, 2010. The merger left the combined company with over 550 locations in 44 U.S. states and six Canadian provinces.
Why is it called Flying J?
Call set out to build a chain of his own. By 1968, Call owned four gas stations; in that year, Call organized his company as “Flying J,” named for his love of flying.
Who is the CEO of Pilot Flying J?
James A. “Jimmy” Haslam III serves as chief executive officer of Pilot Flying J. Headquartered in Knoxville, Tennessee, Pilot Flying J is the largest operator of travel centers and travel plazas in North America with more than 650 retail locations.
How much does the CEO of Pilot make?
The average Pilot Flying J executive compensation is $234,913 a year. The median estimated compensation for executives at Pilot Flying J including base salary and bonus is $236,929, or $113 per hour. At Pilot Flying J, the most compensated executive makes $700,000, annually, and the lowest compensated makes $50,000.
How many Pilot truck stops are there?
The Pilot Flying J Story. Pilot Flying J is the largest operator of travel centers in North America with more than 750 locations in 44 states and six Canadian provinces.
Who bought out pilot?
Casey’s General Stores continues to expand, announcing Tuesday the acquisition of 38 convenience stores and two truck stops in Kentucky and Tennessee. The Ankeny-based chain said in a news release that it had acquired the Pilot-branded stores for $220 million. It said most are around Knoxville, Tennessee.
Who owns pilot fuel stops?
– Pilot Flying J and Speedway LLC have entered into a joint venture consisting of 120 travel plazas, primarily in the Southeast United States. … “This is another exciting chapter in a long-standing relationship between Pilot Flying J and Speedway,” said Ken Parent, president of Pilot Flying J, in a press release.
Who is Shameek Konar?
Shameek Konar serves as Pilot Company’s chief executive officer. … He also was managing director and global co-head of commodities principal investments at Goldman Sachs, where he focused on growing the company’s physical natural gas and crude oil businesses.
Is Love’s owned by Pilot?
Love’s, with about 220 locations — not counting those it has agreed to buy from Pilot and Flying J — is for now the smallest of the national truck stop networks. Before the merger, Pilot and Flying J were two of the largest privately held companies in the United States.
How much is a shower at Pilot truck stop?
At both locations, the shower cost $12. That’s pretty steep for a shower, but it’s also considerably less than most campgrounds with way more disgusting showers. Both Pilot Flying J and Love’s have rewards programs with a shower component.
Does love own pilot?
On June 30, 2010, Love’s acquired 20 Pilot Travel Centers locations and six Flying J locations out of antitrust concerns in order for the Federal Trade Commission to approve the Pilot/Flying J merger. In June 2017, Love’s opened its first location in Montana, its 41st state of operation.