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StockNews.com
StockNews.com
Business
Dipanjan Banchur

Is TravelCenters of America a Good Buy with Travel Booming This Summer

TravelCenters of America Inc. (TA) in Westlake, Ohio, operates, or franchises, travel centers, standalone truck service facilities, and a standalone restaurant. Its travel centers offer a range of products and services, including diesel fuel, gasoline, truck repair and maintenance services, quick-service restaurants, full-service restaurants, and others. Its travel centers operate under the brand names of TravelCenters of America, TA, TA Express, Petro Shopping Centers, and Petro.

On April 4, 2022, TA announced the completion of acquisitions of two travel center locations along the Interstate 81 corridor in Virginia–Petro Raphine and TA Lexington–in time for the travel boom expected this summer. Both have been successful TA franchise locations since 2011, and by owning these locations TA expects to realize significantly higher cash flows.

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