ta petro travel center

One stop that

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TA and Petro are right along the highway for you and ready to provide everything to satisfy your hunger, quench your thirst and refuel.

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Travelcenters of america celebrates 300th travel center milestone.

TA continues to advance its network growth plans and guest experience enhancements, including opening 20 new locations in 2024

300 th celebration event planned at grand opening of TA Walton, KY

Special customer promotions held throughout week

WESTLAKE, Ohio , Feb. 26, 2024 /PRNewswire/ -- TravelCenters of America Inc., a bp brand, is celebrating the opening of its 300 th travel center with a ribbon cutting ceremony this week at the newly rebuilt TA in Walton, KY . The 300 th site opening is a milestone in TA's strategic network growth plan which complements bp's existing convenience and mobility business to offer all guests a seamless nationwide experience, both along the interstate and off.

"Celebrating this achievement is very exciting for both our team members and guests, and we are committed to continued growth and innovation to provide an outstanding experience for all travelers who visit us," said Debi Boffa , CEO of TravelCenters of America. "We look forward to welcoming guests into our newly rebuilt Walton, KY travel center, which provides a welcoming, pleasant atmosphere with excellent amenities."

A 300 th celebration will be held February 27 at 10 a.m. at TA Walton, including a ribbon cutting ceremony in the new 12,200 square foot building featuring dining options such as HWY Kitchen, KFC, and a store with hot and cold food and beverage options, along with TA Truck Service and other amenities. For a full list of the amenities available at TA Walton, click HERE . To recognize the 300 th milestone, TA is awarding 3,000 professional drivers double fuel points  when using UltraONE Loyalty and also is holding an Instagram contest giving all guests the chance to win one of 30 $100 bp gift cards .

TA Walton brings 100 new jobs to the local community. In honor of the site opening, TA is donating $2,500 to the Freestore Foodbank, the largest emergency food and services provider to children and families in Greater Cincinnati , Northern Kentucky and Southeast Indiana .

TA was acquired by bp in May 2023 , adding around 290 sites to bp's US network at the time. This year, TA plans to open 20 new locations. Other 2024 strategic initiatives include:

Adding 1,600 new truck parking spaces.

The installation of biodiesel blending infrastructure and bp Pulse EV charging stations at select sites throughout the country.

Improving guest touchpoints through enhanced store layouts and new benefits to its loyalty program.

Upgrading TA Truck Service mobile maintenance and emergency roadside assistance vehicles to better serve its fleet customers and professional drivers.

About TravelCenters of America TravelCenters of America Inc., part of the bp portfolio, is a full-service travel center network operating under the TA®, Petro Stopping Centers® and TA Express® brands. Founded in 1972 and headquartered in Westlake, Ohio , its nearly 19,000 team members serve guests in 300 locations in 44 states, with a mission of returning every traveler to the road better than they came. Offerings include diesel and gasoline, truck maintenance and repair, full-service and quick-service restaurants, stores with food, beverages and merchandise, car and truck parking and other services dedicated to providing great experiences for guests. TA is also committed to meeting the evolving needs of professional drivers and motorists as the nation shifts toward the increased adoption of alternative fuels and electric vehicles. For more information, visit www.ta-petro.com .

View original content to download multimedia: https://www.prnewswire.com/news-releases/travelcenters-of-america-celebrates-300th-travel-center-milestone-302070078.html

SOURCE bp America

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Oil giant BP buying major truck stop chain TravelCenters

Sale brings long turnaround effort to an end.

Editor’s note: This story was updated at 4 p.m. ET on Feb. 16 to include additional information.

TravelCenters of America, which operates truck stops across the country under the TA brand, is getting bought by BP America.

The price of the acquisition is approximately $1.3 billion, or $86 per share. TA stock (NASDAQ: TA) closed Wednesday at $49.44 per share.

“Today’s announcement that BP is acquiring TA for $86 per share is a result of the successful implementation of our turnaround and strategic plans,” TA’s CEO Jonathan Pertchik said in a prepared statement announcing the sale. “We have improved our core travel center business, expanded our network, launched TA to prepare for the future of alternative fuels and improved our operating and financial results, none of which we could have accomplished without the hard work and dedication of our employees at every level.”

Even before the pandemic, which pushed TA’s stock price to less than $10 per share in its early days, TA had struggled, with a stock price just above $10 per share in late 2019.

The sale will mean that all three major U.S. truck stop companies — TA, Love’s and Pilot Flying J — will be privately owned, though Pilot Flying J has a 38.6% share held by Berkshire Hathaway (NYSE: BRK.A) .

BP has established a long-term strategy that sees oil and gas exploration as declining as a percentage of the company’s operations and investment dollars. A purchase of a truck stop that is one of the biggest diesel marketers in the country might seem at odds with that strategy. 

But BP also has laid out five pillars of its future growth, and a TA acquisition fits in with several of them.

The five goals going forward, according to BP, are bioenergy, electric vehicle charging, convenience, renewables and power, and hydrogen capture and storage. 

In the prepared statement released by BP America regarding the acquisition, the company said buying TA “supports delivery” of meeting the convenience and EV charging goals and having a target of more than $1.5 billion in earnings before interest, taxes, depreciation and amortization in 2025. While hydrogen was not specified, the possibility of refueling hydrogen vehicles when and if they are commercially available at some point also could help meet a third goal of the five.

On a smaller scale, BP already has begun to provide for a truck-specific “corridor” in Europe with stations to recharge vehicles. The plan was announced last month for a stretch of highway in Germany. 

“TA’s strategically-located network of highway sites complements BP’s existing predominantly off-highway convenience and mobility business, enabling TA and BP to offer fleets a seamless nationwide service,” the BP announcement stated.

Having TA in the BP fold will “provide options to expand and develop new mobility offers including electric vehicle charging, biofuels, renewable natural gas (RNG) and later hydrogen, both for passenger vehicles and fleets.”

Gary Bevers, a longtime fuels market consultant who heads Bevers & Co., said BP’s fuel operations had been declining in volume for several years. It hindered the company’s ability to set up operations at fuel terminals around the country owned by third parties, “because nobody wants to be in a terminal unless they can be a player. They don’t want to have 1% of the market at a terminal.”

Having TA’s more than 200 outlets as end users needing supply out of a wide range of terminals wil increase the volume it needs and can help it reestablish profitable positions at those facilities, Bevers said.

BP did not respond to FreightWaves’ questions by publication time.

BP’s statement said it had 6,000 retail outlets flying the BP brand. Trends in the retail fuels market for many years have seen major oil companies sell any company-owned outlets in favor of a branded arrangement where a retail outlet “flies” a brand such as BP or Exxon. The retail outlet is required to buy what is known as branded fuel from wholesale terminals, known in the industry as the “rack.”

It was not clear whether the TA brand will remain or be rebranded as BP. 

TA has been pursuing growth through franchising in recent years, part of Pertchik’s turnaround plan. In a statement released last month, TA said in 2022 it had signed 30 new franchise agreements for TA, Petro Stopping Centers and TA Express travel centers, reaching its goal for the year. Actual openings of new franchised sites totaled three last year and are expected to be 20 this year. 

The sale of TA has been looming for a considerable period of time, according to the TA statement. Its statement said the sale is the “culmination of a comprehensive process by TA’s board.” That process featured “competitive rounds of bidding from potential buyers.”

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34 Comments

Andre cooper.

Ta truck stop use to be great good place relax get a good home cooking. 40years trucking and now fast food that very unhealthy junk food just about all the parking is reserved. I try find the mom an pops.

@Pedie Hi Pedie, I’m a foreigner on the road. I apologize if that’s insulting or disrespectful to you. But I want you to know that as a foreigner, I love this country just as much as you do, and I work in this country just as hard as you do, and I pay my taxes to this country just as much as you do, and I provide for our economy just as much as you do, and I would fight for this country just as much as you would.

I may look brown, or Pakistani, or Arab, or Muslim, or Iranian, or Afghani, or Chinese, or Korean, or Russian, or Ukranian, or some other minority if you see me on the road. But I assure you I don’t see you as a white American; to me, you’re just ‘an American’. I could care less that you were born here or that you have white or black skin or that you speak or don’t speak english the right way.

I want you to know Pedie, that I would hire you in my motor carrier company even though you’re not a foreigner like me. and I hope that you would do the same, because this country is made for you and me and everyone who believes in the American Dream my friend.

Comments are closed.

John Kingston

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TravelCenters of America Vice President Spends Week on the Road with Professional Driver in Quest to Elevate Safety Standards at Sites

WESTLAKE, OH - As part of its focus to elevate safety standards at its sites nationwide, an initiative announced earlier this year, TravelCenters of America is hitting the road to more fully understand the experiences and challenges faced by women professional drivers. On May 14, Retail Operations Support Vice President, Debbie Shelton, will embark on an over-the-road trip alongside Violet Helferich from ACE Doran Hauling & Rigging Co., a division of the Bennett Family of Companies.

The journey will span a week, taking Debbie and Violet from Tulsa, OK to Seymour, Texas and then to a wind farm in Texas. During this immersive experience, Debbie aims to gain firsthand insights into the daily experiences and challenges of female professional drivers.

"I am thrilled for the opportunity to ride alongside a female professional driver and witness firsthand the intricacies of their roles and the challenges they navigate daily,” Debbie said. “This journey aligns perfectly with TA's commitment to diversity and safety within the transportation industry." Debbie hopes to leverage the insights gained from this journey to spearhead further initiatives that promote safety at TA's travel centers, supporting the company's overarching goal of enhancing the experience for all guests.

In March, TA announced its focus on elevating site safety standards, an initiative created by CEO Debi Boffa upon learning women professional drivers are seeking ways to protect themselves while on the road and visiting travel centers. In addition to the road trip with Debbie Shelton, TA has formed a Women Safety Advisory Panel which brings together professional drivers and members of the trucking industry to discuss topics regarding even safer TA, Petro or TA Express travel centers and services. While the advisory panel specifically focuses on female perspectives, any feedback and information received will be used to create safer sites for all guests and team members, regardless of gender.

About TravelCenters of America TravelCenters of America Inc., part of the bp portfolio, is a full-service travel center network operating under the TA®, Petro Stopping Centers® and TA Express® brands. Founded in 1972 and headquartered in Westlake, Ohio, its nearly 19,000 team members serve guests in over 300 locations in 44 states, with a mission of returning every traveler to the road better than they came. Offerings include diesel and gasoline, truck maintenance and repair, full-service and quick-service restaurants, stores with food, beverages and merchandise, car and truck parking and other services dedicated to providing great experiences for guests. TA is also committed to meeting the evolving needs of professional drivers and motorists as the nation shifts toward the increased adoption of alternative fuels and electric vehicles. For more information, visit www.ta-petro.com .

About Bennett Family of Companies The Bennett Family of Companies, based in McDonough, GA, is a woman-owned enterprise and holds Women’s Enterprise Business Council (WBENC) certification. Renowned for its diversified transportation and logistics solutions, the Bennett Family of Companies operates through its 14 affiliated operating entities, delivering integrated transportation and supply chain management solutions worldwide. With a vast network comprising 4,625 drivers/owner-operators, over 1,000 employees, and 600 agents spread across the United States, Bennett is a cornerstone of the transportation industry.

09 May 2024