TravelCenters of America Trims Workforce by 8%
Truck stop chain TravelCenters of America said Friday it has reduced the workforce at its headquarters and other locations by 190 employees, or about 8% of its managerial personnel.
TA said it expects to make similar reductions to its hourly workforce, mostly by attrition.
“The staffing reductions reflect difficult conditions in the trucking industry, which represents TA’s primary customers,” the publicly traded company said in a statement.
It said it the industry conditions reflect a general slowing of the U.S. economy and that it believes its business — which services longhaul trucking — may reflect a decline in imports into the country as a result of the weakening of the U.S. dollar, which in turn raises the price of imports.
TA has also recently undertaken a complete review of its expansion and development activities. TA said it expects that many of these initiatives will be eliminated or scaled back until industry conditions improve.
TravelCenters of America operates or truck stops United States under the names TravelCenters of America, TA and Petro Stopping Centers.
