Truck stops

Love’s in California: impacto de medición de la regla avanzada de flotas limpias

Cuando las paradas de viaje de Love anunciaron un Nueva ubicación en Bakersfield, California En agosto, no fue solo una nueva parada de viaje en su red. Agregó 111 lugares de estacionamiento y fue descrito como uno de los puntos de venta más grandes de la red de Love’s. Pero también planteó una...

https://fullavantenews.com/loves-in-california-impacto-de-medicion-de-la-regla-avanzada-de-flotas-limpias/?lang=es

Love’s in California: Gauging impact of Advanced Clean Fleets rule demise

When Love’s Travel Stops announced a new location in Bakersfield, California in August, it was not only a new travel stop in its network. It added 111 parking spots and was described as one of the biggest outlets in the Love’s network. 

But it also raised a question: why build a travel stop that dispenses diesel fuel as a major part of its business in a state that had a pair of regulations in place, the Advanced Clean Truck (ACT) rule and the Advanced Clean Fleet (ACF) rule, that were designed...

https://www.freightwaves.com/news/loves-in-california-gauging-impact-of-advanced-clean-fleets-rule-demise

Biden’s electric truck effort grilled on Capitol Hill

WASHINGTON — Lawmakers officially kicked off efforts to mitigate — if not derail — the Biden administration’s latest push to electrify the trucking industry during a hearing on Capitol Hill designed to spotlight challenges to powering up an electric grid capable of meeting the zero-emission timeline unveiled by federal regulators in late March.

The hearing before the House Transportation and Infrastructure Committee’s highway subcommittee on Tuesday prefaced a Congressional Review Act joint...

https://www.freightwaves.com/news/bidens-electric-truck-effort-grilled-on-capitol-hill

Pilot’s drop in profits led to lower valuation in final Berkshire purchase

The final tranche of Pilot Travel Centers purchased by Berkshire Hathaway appears to have put the enterprise value of the travel center chain significantly lower than it was just a year earlier.

In the company’s 10-K report filed with the Securities and Exchange Commission over the weekend, Berkshire Hathaway revealed that it had paid $2.6 billion for the final 20% of Pilot it did not already own. That would give Pilot an enterprise value of $13 billion.

But in the first quarter of 2023,...

https://www.freightwaves.com/news/pilots-drop-in-profits-led-to-lower-valuation-in-final-berkshire-purchase

Haslam payments to Pilot execs won’t be issue in Berkshire Hathaway trial

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The legal battle between the Haslam family and Berkshire Hathaway over the valuation of Pilot Travel...

https://www.freightwaves.com/news/haslam-payments-to-pilot-execs-wont-be-issue-in-berkshire-hathaway-trial

Truck parking expansion money still elusive on Capitol Hill

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WASHINGTON — Despite receiving more attention than ever from the trucking industry and the Biden...

https://www.freightwaves.com/news/truck-parking-expansion-money-still-elusive-on-capitol-hill

Haslam family sues Berkshire over valuing of final chunk of Pilot

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The fate of the final 20% of Pilot Travel Centers not owned by Berkshire Hathaway and still in...

https://www.freightwaves.com/news/haslam-family-sues-berkshire-over-valuing-of-final-chunk-of-pilot

TA directors advise rejection of higher bid, sticking with BP as buyer

An unsolicited offer from an unidentified prospective buyer of Travel Centers of America is getting a thumbs-down from TA’s directors, advising shareholders to approve BP’s bid for the truck stop operator.

In the company’s proxy filing Wednesday with the Securities and Exchange Commission, which among other things spells out various items required for shareholder approval, TA (NASDAQ: TA) revealed that it received a bid for the company on March 14. The identity of Party G was not disclosed, only...

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