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BusinessDriver issuesNewsTrucking

Love’s plans up to 40 new stores, 3,000 parking spots in 2020

Love’s Travel Stops’ growth plans this year are in line to slightly more aggressive than those of 2019 and 2018.

In a prepared statement Thursday morning, the truck stop and store operator said it was going to open “up to” 40 stores this year and add 3,000 parking spots. It would also create 2,500 jobs under that expansion plan.

At the start of 2019, Love’s said its plan was to open “more than” 40 new locations. It did cross the 500-store mark last year. When it announced its 2019 plans, it said it had added 35 new stores and 2,900 parking spaces in 2018. A query to Love’s on the actual number of new openings in 2019 had not been answered by publication time.

The addition of 40 Travel Stops also means the addition of that many Truck Care Centers and Speedcos, an oil and lubricant change network that Love’s purchased in 2017. Love’s also said it will open new outlets of Trillium, which specializes in compressed natural gas (CNG) sales. That division now has about 65 outlets, according to its website. Hydrogen sales are also planned through Trillium.

If the company opens up 40 stores and 3,000 parking spots, that’s a ratio of 75 spots per store. That’s roughly in line with what one gets when averaging the parking spots connected to prior store openings. For example, Love’s announced openings in 2019 included 64 parking spots in Franklin County, Ohio; 79 in Hot Spring County, Arkansas; 93 in Calhoun, Georgia; 103 in Kershaw County, South Carolina; and 60 in Tacoma, Washington.

In last year’s January announcement of the company’s planned growth, co-CEO Greg Love was quoted as saying: “The truck parking shortage is a continued focus for us, which is why we plan to add more than 3,000 truck parking spaces at new travel stops this year.”

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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.

One Comment

  1. I seen at the Jackson Georgia Loves foreigners from Africa taking parts off of the fuel pumps saying steal what you can for Zimbabwe . America is not going to be around much longer . then get into an owner operator truck and trailer parked in the fuel island and leave

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