TravelCenters of America announced a definitive agreement for the sale of its Minit Mart convenience store business to EG Group for $330.8 million as it intends to focus on commercial trucks and other vehicles traveling on interstates, and a new express travel center strategy.

The used trailer market is surging. Values are high and inventory is sometimes scarce as buyers look for alternatives to higher-priced new equipment, largely available only after long lead times, industry experts said.

Investment firm Summit Partners announced the acquisition of MercuryGate International Inc., a provider of SaaS-based transportation management system solutions.

Used truck sales rose in July, as did the average price in a hot market where finding inventory to buy or sell is a challenge, ACT Research Co. reported.

ALLENTOWN, Pa. — Martin Weissburg, the newly appointed president of Mack Trucks, is studying further changes to the Lehigh Valley Operations plant as he begins to put his mark on what he called a dream job.

BYD America and Penske Truck Leasing separately announced they recently joined CharIN, a Berlin-based alliance that is leading a global effort to standardize electric-vehicle charging infrastructure.

U.S. trailer orders broke past 29,000 to set a record for July, shattering the previous high of 28,058 for the month that had stood for 24 years, ACT Research Co. reported.

U.S. Class 8 retail sales in July were the second-highest of the year, increasing by more than 33% as they cleared 20,000.

U.S. retail sales of medium-duty trucks in July rose nearly 15% above a year earlier as all classes posted gains, WardsAuto.com reported.