After reopening some of its restaurants in May, TravelCenters of America (TA) (NASDAQ: TA) is in the process of closing restaurants again due to the “recent increase in COVID-19 infections in several states,” it reported in its second-quarter 2020 earnings press release.
On Wednesday, the operator of more than 260 travel plazas and truck stops in the U.S. and Canada reported adjusted earnings per share of 59 cents, almost four times the year-ago result. However, the company came in light of...
Heartland Express (NASDAQ: HTLD) announced a secondary stock offering by the Gerdin family trust in a press release after the market close Tuesday.
The offering is for the public sale of 3,260,870 shares of the company’s common stock and up to a total of 3.75 million shares if the underwriter exercises its 15% option, approximately $80.7 million in total based on Tuesday’s closing price of $21.52. The Gerdin family will own at least 32.3 million shares, 39.7% or roughly $700 million, of the...
https://www.freightwaves.com/news/gerdin-family-to-sell-portion-of-heartland-express-stock
Recapping the announcement of founder CL Werner’s decision to step down as executive chairman of the board effective May 31, transportation and logistics provider Werner Enterprises (NASDAQ: WERN) offered additional insight into the founder’s legacy.
Werner launched the company with one truck at the age of 19 in 1956, according to the press release. He sold that truck and purchased two more, a process he would repeat throughout his early career. Werner has often been referred to as a visionary....
https://s29755.pcdn.co/news/werner-enterprises-enters-next-phase-of-leadership