TravelCenters of America Reorganizes, Names Chief Information Officer
TravelCenters of America Inc. announced a companywide reorganization intended to improve operational efficiency and profitability, including the appointment of Sandy Rapp as chief information officer.
TA Adds Location in Utah
TravelCenters of America Inc. plans to add a location in Salina, Utah, through a franchise agreement.
September 11, 2019Diesel Price Average Dips 0.1¢ to $3.042 a Gallon
The U.S. average retail price of diesel dropped 0.1 cent to $3.042 a gallon, the Department of Energy reported July 1. Crude oil prices remained near $58 a barrel after touching $60 earlier in the day.
TravelCenters of America Reports Mixed 4Q, Annual Results
TravelCenters of America, the nation’s only publicly traded truck stop network, reported a narrowed loss in fourth-quarter net income but an increase in revenue.
TravelCenters of America to Sell Minit Mart Business
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.
TravelCenters Plans TA Express Franchises
TravelCenters of America plans to launch this summer TA Express, with smaller outlets offering quicker in-and-out service from its TA and Petro Stopping Centers.
Strong Market Treats Two Suppliers Differently
First-quarter earnings reports for two companies supporting the commercial vehicle industry reflected different results amid a strong environment for freight and booming truck orders. One supplier of fuel and related services for fleets on the road had a net loss but an uptick in revenue while a diversified component supplier saw both its net income and revenue surge.
TravelCenters Receives $10.7 Million From Comdata in Lawsuit
TravelCenters of America reported that Delaware’s Chancery Court awarded attorney’s fees and costs that the company incurred in its litigation with Comdata Inc., the Brentwood, Tenn.-based payments firm and division of Fleetcor. TravelCenters reported that Comdata on April 13 reimbursed about $10.7 million in costs and interest.
April 23, 2018TravelCenters Offers Pre-Sale Inspections on Used Trucks, Trailers
TravelCenters of America announced it is offering certified used truck and trailer inspections through its TA Truck Service network to provide both the reseller and the customer with an overall view of the equipment at the time the inspection was completed.
April 6, 2018