|
Greetings!
Jobbers World Online is a free e-publication provided as
a service to lubricant distributors, manufacturers, and
suppliers. In addition to this publication, Petroleum Trends
International, Inc. publishes a monthly Jobbers World
Newsletter. The print newsletter is a fee-based publication
available only by subscription.
See bottom of page to get a FREE sample of the Jobbers
World Newsletter, the publication everyone is talking about!
|
Another Price Increase - "The Majors are Like Sheep;
when one moves the others usally follow" |
As noted in last weeks JW News Brief, ExxonMobil
advised its marketers on June 29/30 there would be
yet another price increase effective August 1. This
increase pushes the marketer buy-in price for
ExxonMobil conventional lubricants up by 6% and
synthetics up by 3%.
But beyond questioning the reason for the price
increase, the ExxonMobil marketers Jobbers World
spoke with said they had several other more pressing
concerns on their minds about the increase. The
first being how this impacts an ExxonMobil
marketer's ability to go back to its customers only
two months after they told them about the last price
increase to tell them about the next. And to add
insult to injury, they say that, whereas usually a
marketer gets 45 days to break the bad news to its
customers about price increases, in this case, they
realistically have less than 30 days when you factor
in the holiday weekend.
So how is the competition responding?
In the words of most lubricant marketers Jobbers
World spoke with about this, "the majors are like
sheep, when one moves the others usually follow."
They appear to be right.
Although it looked for a few days like the
competition might actually stand this one down, they
didn't. Chevron and ConocoPhillips were the first to
follow. Chevron's letters went out the morning of
July 14th announcing a price increases of 5% to 7%
effective August 17. And while most were turning off
their computers for the day and getting ready to go
home on July 14, ConocoPhillps sent out its
notification that it would be raising prices 6%
effective August 15.
Also... don't miss Jobbers World's in-depth series
of articles on buybacks/DFOA! We tell it like it is.
No fluff, no bias, no smoke and mirrors... Get the
facts on buybacks!
|
|
Dunlap Mellor & Co., Inc. Acquires Fritch Lubricants |
Barry S. Mellor, III, president of Dunlap, Mellor
& Co., Inc, located in Aston, Pa, has announced the
acquisition of Fritch Lubricants of Bethlehem, PA.
Dunlap, Mellor & Co., Inc., one of the largest
ConocoPhillips industrial lubricants distributors in
the country, welcomes the new branded products
brought to us through this transaction with Fritch
Lubricants. The new line will include Citgo,
Cincinnatti Milicron, Houghton International and
Quaker Chemical.
According to Meelor, the Dunlap, Mellor's
philosophy and business ethics parallel Fritch
Lubricants in its commitment to service excellence.
|
|
NOW AVAILABLE! The Lubricant Marketer Directory |
Finally! A directory with information on lubricant
distributors, manufacturers, and their suppliers.
All in One!
The most comprehensive directory available on the US
lubricants business. Includes 282 pages of contact
information and brand representation for over 2,000
lubricant marketers. A must have for publications
for anyone buying or selling in the lubricants
business.
|
|
|
The First Truly Independent Conference for and about
Lubricant Distributors! |
Reserve your space today on the Trade Show Floor. A
prime section of the Trade Show Floor has been set
aside for majors and independent lubricant
manufacturers, additive suppliers, oil analysis
laboratories, equipment manufacturers, software
vendors, and others interested in doing business
with U.S. lubricant marketers/jobbers. This is a
unique opportunity for suppliers to show the
lubricant distributors what they have!
To make sure you have a booth at the Lube Center of
the Trade Show, or for more information, contact
Robin Rinehart at 916-646-5980, or via e-mail at:
rinehart@cioma.com.
The lubricant distributor track of the conference
and Trade Show is specifically for and about
lubricant distributors.
It will provide POC attendees with independent
insights and information on such issues as: The
state of the US lubricant distribution business and
its future, Managing costs and optimizing
efficiencies for lubricant distributors, Growth
through acquisition, Success at private labeling,
Benchmarks in lubricant distribution, Sharing the
costs with cooperative buying
Find out more.... |
|
