CrossAmerica cutting suppliers

摘要

CrossAmerica Partners LP, a master limited partnership and more than 1-billion-gallon-a-year fuel distributor, is streamlining its brand portfolio, the company told analysts in its recent quarterly call. The partnership has reviewed its portfolio, identifying the first set of 385 sites with combined volume of 325 million gallons a year for its “optimization” effort. “We have been running a process with major oil suppliers across the U.S. and our plans are to establish relationships with a smaller group of strategic suppliers with whom future growth will provide incremental value going forward,” CEO Gerardo Valencia told analysts. “We have received feedback from multiple parties and we expect to complete our optimization review and secure contracts shortly.”