I was recently tasked with filling in as a temporary expert for The Stockout newsletter. It turns out that drivers are conveniently placed at truck stops that offer a litany of consumer packaged goods. Can you name one sector that has outperformed the S&P 500 by about 3,100 basis points (bps) year to date? It turns out the convenience store (C-store) industry is that sector. This sector for CPG is noted as a less...
Truck stops
Truck Tech: ArcLight’s next act edition
Don’t tell ArcLight Capital Partners that clean energy transport companies are out of favor. The SPAC sponsor of electric bus and charging infrastructure developer Proterra is investing $50 million in electric trucks as a service near Los Angeles International Airport while preparing for a shareholder vote next week on taking renewable natural gas developer Opal Fuels public.
Investing after SPACs
With one SPAC complete and another up for shareholder vote next week, ArcLight Capital Partners is...
https://www.freightwaves.com/news/truck-tech-arclights-next-act-edition
Planning early the only way to ensure a parking spot
It’s late and you’ve had a long day — time to call it a night. Thankfully, a couple of truck stops are just ahead.
Much like a sailor spotting land, the first sight of tall, illuminated signs down a highway is a welcoming beacon for weary drivers. You know that just below the cluster of lights wait a warm shower, hearty meal and good night’s rest.
But upon arrival, relief quickly turns to dread as the lot is full. You try the truck stop next door, but it’s crowded as well. What was to be an...
https://www.freightwaves.com/news/planning-early-the-only-way-to-ensure-a-parking-spot
DOT unlocks money for clean-truck parking capacity
The Biden administration wants to leverage funds from a new pot of $6.4 billion earmarked for pollution-cutting transportation projects to boost much-needed truck parking capacity across the country.
The money will flow to individual states through the U.S. Department of Transportation’s Carbon Reduction Program (CRP), administered by the Federal Highway Administration. The five-year program was authorized by the federal infrastructure law signed by President Joe Biden last year.
| State | 5-year... |
https://www.freightwaves.com/news/dot-unlocks-money-for-clean-truck-parking-capacity
TravelCenters of America pulling out of Canada
TravelCenters of America plans to close its single Canadian truck stop, in southwestern Ontario, the company said Thursday.
The Ohio-based truck stop chain has agreed to sell its site in the city of Woodstock, company spokesperson Tina Arundel wrote in an email. The buyer was not disclosed.
The company did not provide a timetable for the closure but said its employees have been notified.
“The company is currently continuing to operate its Woodstock site and provide pay and benefits to team...
https://www.freightwaves.com/news/travelcenters-of-america-pulling-out-of-canada
Drilling Deep: A truck stop goes from opening to the top quickly
Just as the pandemic was starting, a new Kansas truck stop, Bert’s, was getting ready to open its doors.
It went ahead with the opening and now it’s been recognized as one of the best in the country. On this week’s Drilling Deep, host John Kingston interviews the owner and manager of Bert’s to find out how they pulled off this accomplishment.
Also on the podcast, Kingston discusses the wild ride that diesel is undergoing, featuring record moves up and record moves down.
https://www.freightwaves.com/news/drilling-deep-a-truck-stop-goes-from-opening-to-the-top-quickly
Drivers rate best truck stops in America
Whether truckers are stopping overnight, need to fuel up or want a safe place to ride out severe weather, truck stops are essential to every driver’s journey. In an informal social media survey, FreightWaves asked drivers to rank four of the largest and most unique truck stops in the U.S., including chains and independent businesses. Here are the results.
Iowa 80 (Walcott, Iowa)With 900 parking spots for tractor-trailers and a wide variety of services, the Iowa 80 has earned the title of the...
https://www.freightwaves.com/news/drivers-rate-best-truck-stops-in-america
Public-sector efforts to boost truck parking face path filled with hurdles
WASHINGTON — After a now-familiar recap of the problem of truck parking, a panel at the annual meeting of the Transportation Research Board faced the sobering fact that from the perspective of the public sector, it isn’t easy to fix.
The thrust of the panel was to discuss what could be done about the inadequacy of truck parking from a public perspective; private developers of parking, like truck stops, will be expected to add spaces, as they usually do.
Doing it again: @LovesTravelStop to...
Pilot fuel rebate scandal spurs unusual legal fight over racism — Long-Haul Crime Log
In April 2013, agents from the FBI and IRS raided the Knoxville headquarters of the largest truck stop chain in the United States: Pilot Flying J. It was part of a massive investigation into a fuel rebate scam. In all, 14 former Pilot employees pleaded guilty in what was known as “jacking the discount.”
Eight years later, the story is far from over as the 6th U.S. Circuit Court of Appeals has overturned the convictions of former Pilot President Mark Hazelwood and two of his staffers, who are...
Stay alert for signs of sex trafficking at truck stops
Though perpetuated in the shadows of society, human trafficking is a $32 billion industry worldwide.
Truck stops offer rest and amenities to truckers and general motorists after a long day’s drive, but they can also be hubs for sex traffickers and their victims. As teenagers and boys and girls are transported from city to city, truck stops serve as natural stopping points along their routes — an unintentional but optimal location for the crime.
Sgt. Harman Chahal of the Wisconsin State Patrol and...
https://s29755.pcdn.co/news/stay-alert-for-signs-of-sex-trafficking-at-truck-stops