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.
September 4, 2018TravelCenters
Business, Fuel
A TravelCenters of America location in Wildwood, Fla. (TravelCenters of America)
TravelCenters of America to Sell Minit Mart Business
A TravelCenters of America location in Wildwood, Fla. (TravelCenters of America)
Business, Logistics
(Hillary Hartley/Flickr)
TravelCenters Plans TA Express Franchises
(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.
June 25, 2018
Business
TravelCenters of America
Strong Market Treats Two Suppliers Differently
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.
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.
April 23, 2018
Business
Hillary Hartley/Flickr
TravelCenters Offers Pre-Sale Inspections on Used Trucks, Trailers
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.
April 6, 2018
Business
Hillary Hartley/Flickr
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.
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.
April 2, 2016
Business
Hillary Hartley/Flickr
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.
August 7, 2015
Business
TT File Photo
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.
October 6, 2014
Business
Daniel Case/Wikimedia
TravelCenters Announces First Annual Citizen Driver Award
Daniel Case/Wikimedia
TravelCenters of America announced its first annual Citizen Driver award to recognize professional drivers who “evoke respect for the truck driving profession.”
April 7, 2014Pages
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