Carriers gain customer and credit options as volumes surge

Red and white tractor trailer trucks fueling up at Pilot Company

As the United States reopens its economy and quarantined consumers return to quasi-normal behaviors with their stimulus checks, overall freight volumes are surging. While capacity remains loose, rates are rebounding from their low levels. This could be due to the reopening of restaurants and seasonal movement of produce out of Florida and California. Also, the online electronics sector is up 150% year-over-year, proving the power of ecommerce. 

“Shippers are still in a dominant pricing power...

https://www.freightwaves.com/news/carriers-gain-customer-and-credit-options-as-volumes-surge

As truck stop restaurants reopen, will drivers pull up a seat?

TravelCentes of America Dining Room

As the human and economic toll of the COVID-19 pandemic mounts, America is adapting to   changes at dine-in restaurants, including travel plazas dotting the nation’s highways.

“You’d never in the regular course of business, without something like COVID, shut down your restaurants and then try to reopen them in a different way,” said Jon Pertchik, CEO of TravelCenters of America (NASDAQ: TA). “It’s given us an opportunity, if you want to look for a silver lining, to really test ourselves.”

With...

https://s29755.pcdn.co/news/as-truck-stop-restaurants-reopen-will-drivers-pull-up-a-seat

Trucker charity on track for record donations

Pilot travel stop canopy

A charity that helps truckers pay living expenses while off the road for illness is seeing record donations as the public recognizes truck drivers’ role in delivering critical goods during the COVID-19 pandemic.

The St. Christopher’s Trucker Development and Relief Fund (CTF) is more than halfway to its $1 million fundraising goal for the year, said Shannon Currier, CTF director of philanthropy and development.

St. Christopher’s has received three separate donations of $100,000 from the Pilot...

https://www.freightwaves.com/news/trucker-charity-on-track-for-record-donations

Playing catch-up: TravelCenters of America kick-starts franchising

Truck with TA sign in background

TravelCenters of America (NASDAQ: TA) is pulling the franchise lever to grow its presence on the highway map.

Actively pursuing franchisees to take over existing truck stops is one of CEO Jon Pertchik’s approaches to growing the TA, Petro Stopping Centers and TA Express travel center brands. A new TA Express franchise opened Wednesday in Mount Vernon, Texas.

“The competitors have been eating our lunch in the last few years in terms of adding dots on the map,” Pertchik told FreightWaves in a March...

https://www.freightwaves.com/news/playing-catch-up-travelcenters-of-america-kickstarts-franchising

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