FJ Management
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| Privately held | |
| Industry | truck stop, convenience store, petroleum, restaurant |
| Founded | 1968 |
| Headquarters | Ogden, Utah, United States |
| Website | fjmgt |
FJ Management Inc., formerly known as Flying J Inc., is a privately held U.S. corporation which operates convenience stores, oil & refining, banking, and insurance businesses. Along with Pilot Corporation and CVC Capital Partners, it is a joint-owner of Pilot Flying J, the largest truck stop chain in the United States.
The company was founded in 1968 by O. Jay Call and headquartered in Ogden, Utah. A lifelong fan of aviation, Call named it Flying J in honor of the aviation industry. Mr. Call, his wife Irene and Richard "Buzz" Germer died while piloting a Cessna Citation en route to Sun Valley in March 2003.
It sought Chapter 11 (reorganization) bankruptcy protection in December 2008, blaming its financial woes on the collapse in oil prices and tighter credit markets. Pre-bankruptcy, Flying J was the largest retailer of diesel fuel in North America with approximately 220 locations in the United States and Canada and 15,000 employees. The company produces and refines petroleum products for its truck stops. The company also offers vehicle maintenance, banking, insurance and telecommunications services for the trucking industry, and a number of restaurants at its locations.
The company had sales of $18.0 billion in 2008, but record prices for crude oil and a crumbling demand for gasoline eroded margins and affected cash flow.
The company ranked 13th on Forbes' 2009 list of the largest privately held companies in the U.S.with 2008 revenues of approximately $18.00 billion. Flying J is cited by the Terror-Free Oil Initiative as a company that does not purchase oil from terrorism-sponsoring nations. The company's plans for travel plazas have occasionally met opposition from local residents concerned about traffic safety and other issues. In 2006 Flying J associated with Shell Canada to improve highway services in Canada.
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