BP buys TravelCenters of AmericaOn Thursday, according to a news release, BP Products North America Inc., a subsidiary of BP, reached an agreement to purchase TravelCenters of America for $1.3 billion in cash. The purchase of TA is expected to add around 280 travel centers and double BP’s global convenience gross margin.
Regarding the reasons behind the acquisition, the release noted growth opportunities in EV charging, biofuels, renewable natural gas (RNG) and...
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In today’s newsletter: Enterprise carriers race to innovate; Component shortage delays electric vehicles; ATRI top truck bottlenecks of 2021.
Enterprise carriers race to innovate by embracing new technologies and partnerships
(Photo: Jim Allen/FreightWaves)Trucking companies are racing to catch up to the technological disruption brought by digital load boards and freight tech offerings. For large enterprise carriers, there is a sense of urgency, as digital trucking startups and brokerages...
Houston received the most entries among the top 100 trucking bottlenecks in the country, according to the American Transportation Research Institute’s (ATRI) annual list of congestion hot spots for carriers and drivers.
With eight bottleneck areas on ATRI’s 2021 ranking, Houston was followed by Atlanta (No. 6) and Los Angeles (No. 4) as U.S. cities with the most bottlenecks.
“ATRI’s bottleneck report highlights where our most critical issues are and should be a guide for policymakers at the state...
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