Business, Fuel, Logistics

TravelCenters of America Reports Mixed 4Q, Annual Results

Travel Centers Bruce Harmon/Trans Pixs

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.

Roger Gilroy | Staff Reporter
February 26, 2019
Business, Fuel

TravelCenters of America to Sell Minit Mart Business

Travel Centers A TravelCenters of America location in Wildwood, Fla. (TravelCenters of America)

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.

Roger Gilroy | Staff Reporter
September 4, 2018
Business, Logistics

TravelCenters Plans TA Express Franchises

TravelCenters of America (Hillary Hartley/Flickr)

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.

Burney Simpson | Staff Reporter
June 25, 2018

Strong Market Treats Two Suppliers Differently

TA truck service location TravelCenters of America

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.

Roger Gilroy | Staff Reporter
May 9, 2018
Business, Fuel

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.

Transport Topics
April 23, 2018

TravelCenters Offers Pre-Sale Inspections on Used Trucks, Trailers

Sign at a TravelCenters of America Hillary Hartley/Flickr

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.

Transport Topics
April 6, 2018

TravelCenters of America Rebuffed Buyout Overture

Hillary Hartley/Flickr

Truck stop operator TravelCenters of America confirmed June 16 it had rejected a nonbinding letter in December from a private equity firm asking to have confidential discussions about that firm possibly buying TA.

Transport Topics
June 17, 2016
Special Coverage, Business

TravelCenters Updates Maintenance Operations

LOUISVILLE, Ky. — Truck stop chain TravelCenters of America is unifying and rebranding its maintenance operations and tightening quality control.

Jonathan S. Reiskin | Associate News Editor
April 2, 2016

TravelCenters Profit Falls on Lower Margins, Debt Costs

Hillary Hartley/Flickr

TravelCenters of America’s second-quarter net income fell 72% to $3.77 million, or 10 cents per share, due to lower profits from fuel sales and one-time costs such as debt repayment.

Transport Topics
August 7, 2015

TA Net Income Falls on Tax Costs

TT File Photo

TravelCenters of America said its second-quarter net income fell 15% to $13.6 million, or 36 cents per share, because of higher tax costs.

Transport Topics
October 6, 2014