TravelCenters Reports 2Q Profit
Truck stop chain TravelCenters of America reported a second-quarter profit Monday of $1.17 million, or 7 cents a share, compared with a loss of $15.04 million, or 90 cents, a year ago.
August 9, 2010Pilot, Flying J Ready to Merge After Plan Clears Final Hurdles
Pilot Corp. and Flying J Inc. said they are preparing to integrate their massive network of interstate truck stops after reaching several agreements that should allow their proposed merger to move forward.
July 12, 2010Virginia Eyes Plans for Rest-Area Savings
Virginia Gov. Bob McDonnell (R) is seeking ideas on reducing costs at the state’s 41 rest areas and welcome centers, 19 of which were closed last summer, the Richmond Times-Dispatch reported Wednesday.
July 7, 2010FTC Sets Conditions for Pilot, Flying J Merger
The Federal Trade Commission has removed one of the last hurdles facing the proposed merger of Pilot Corp. and Flying J by ordering the two truck-stop chains to sell certain locations to rival rest stop operator Love’s Travel Stops and Country Stores.
July 1, 2010Groups Concerned About Ariz.’s Rest Area Commercialization
A coalition of truck stops, restaurant franchises and other businesses have expressed opposition to Arizona’s proposal to stem budgetary shortfalls by commercializing the state’s interstate rest areas.
June 15, 2010Truck Stops Applaud Measure to Limit Credit Card Fees
Truck-stop operators and other retail outlets praised an amendment to the Senate’s financial reform package that would limit the fees credit- and debit-card companies charge stores.
May 24, 2010TravelCenters’ 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.
May 10, 2010N.J. to Close Rest Stops on Two Interstates
New Jersey plans to close bathrooms at two more highway rest stops due to budget cutbacks this year, a move that has renewed calls to allow states to lease rest areas to private truck stop operators.
April 27, 2010