TravelCenters’ 1Q Loss Widens
Truck stop chain TravelCenters of America said Monday it lost $41.2 million, or $2.39 per share, in the first quarter, up from a loss of $18 million, or $1.08, a year ago.
Revenue rose to $1.4 billion from $970,000 a year ago on higher fuel prices, the company, which goes by the name TA, said in a statement.
TA experienced an increase in same-site fuel sales volume of 9.1% from a year ago, “primarily from increased trucking activity attributable to increased economic activity,” but said it “continues to operate at levels well below those of 2007.”
TA’s travel centers operate under the “TravelCenters of America,” “TA” and “Petro” brand names. It has travel centers in 41 U.S. states and in Canada.
