In The News

TravelCenters of America reports $15 million loss

WESTLAKE, Ohio — TravelCenters of America reported Wednesday a $15 million loss for the second quarter, on $1.1 billion in revenues. The latest figures compare to a loss of $9.8 million on $2.3 billion in revenues for the same period in 2008.

The 50 percent decline is revenue was largely the result of the steep drop in diesel prices from this time last year.

TA also experienced, on a same site basis, a 10.7 percent decline in fuel volumes for the 2009 second quarter as compared to the 2008 second quarter. TA said it believes that the fuel volume declines are consistent with declines in trucking activity and diesel fuel consumption generally.

At June 30, TA’s business included 233 sites, 166 of which were operated under the “TravelCenters of America” or “TA” brand names and 67 that were operated under the “Petro” brand name, according to the company.

Kevin Jones of The Trucker staff can be reached for comment at [email protected] .

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