Summer stocks filling the bill, winter’s price a roll of the dice
September 1, 2005 By LP Gas
It looks like we’ll have plenty of inventory. Only it may not be in the right place.
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It looks like we’ll have plenty of inventory. Only it may not be in the right place.
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A nationwide shortage of truck drivers has propane retailers and distributors struggling to find enough operators to properly pilot their fleets, and may force employers to substantially up their pay scales if they hope to be in high gear when the snow flies.
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We have recently seen the sentencing of leaders who failed to adhere to core values, standards and laws designed to protect stakeholders and stockholders alike.
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Piece by piece, the propane industry is finally accumulating vital data about itself, its markets and its competition in detail it has never known.
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The most successful companies seem to recruit the very best talent, retain top producing individuals and get the most out of their employees. Weak ones often have high turnover, can’t keep positions filled and make mistake after mistake in their hiring process.
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Conferees are trying to iron out differences in the Energy Policy Act of 2005 passed by each House.
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Over the past few years, propane industry distributors have been more and more concerned about their role as the link between equipment manufacturers and propane retailers. These distributors, who have been among the staunchest supporters of the industry, say price-cutting competitors offering lower prices, but virtually no customer service, are squeezing them out. They’re frustrated over losing business to competitors who sell exclusively on bargain-basement pricing.
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In my 20-plus years of experience in the retail propane industry, working with one major and many independent marketers, I have seen many different ways to operate a propane company. So, what distinguishes the better operators that produce superior financial results and organic market growth from the laggards?
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At this writing, two teams in the National Basketball Association will have won their respective conferences and will square off in a couple of days to play a seven-game series to determine the world champion.
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