DOCSLIB.ORG

Travelcenters of America Inc. (Exact Name of Registrant As Specified in Its Charter)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Travelcenters of America Inc. (Exact Name of Registrant As Specified in Its Charter) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-33274 TravelCenters of America Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 20-5701514 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 24601 Center Ridge Road, Westlake, OH 44145-5639 (Address of Principal Executive Offices) (440) 808-9100 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbols Name of Each Exchange on Which Registered Shares of Common Stock, $0.001 Par Value Per Share TA The Nasdaq Stock Market LLC 8.25% Senior Notes due 2028 TANNI The Nasdaq Stock Market LLC 8.00% Senior Notes due 2029 TANNL The Nasdaq Stock Market LLC 8.00% Senior Notes due 2030 TANNZ The Nasdaq Stock Market LLC Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No ☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer o Accelerated filer ☒ Non-accelerated filer o Smaller reporting company ☒ Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒ Table of Contents The aggregate market value of the shares of common stock, $0.001 par value, or common stock, of the registrant held by non-affiliates was $95.8 million based on the $15.40 closing price per share of common stock on The Nasdaq Stock Market LLC on June 30, 2020. For purposes of this calculation, an aggregate of 2,074,996 shares of common stock held directly by, or by affiliates of, the directors and the officers of the registrant, plus 1,184,797 shares of common stock held by Service Properties Trust, have been included in the number of shares of common stock held by affiliates. Number of the registrant's shares of common stock outstanding as of February 25, 2021: 14,571,018. DOCUMENTS INCORPORATED BY REFERENCE Certain information required in Items 10, 11, 12, 13 and 14 of Part III of this Annual Report on Form 10-K is incorporated by reference to our definitive Proxy Statement for our 2021 Annual Meeting of Stockholders to be filed pursuant to Regulation 14A, or our definitive Proxy Statement. Table of Contents References in this Annual Report on Form 10-K, or our Annual Report, to "TA," the "Company," "we," "us" and "our" include TravelCenters of America Inc. and our consolidated subsidiaries unless otherwise stated or the context indicates otherwise. Warning Concerning Forward-Looking Statements This Annual Report contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "will," "may" and negatives and derivatives of these or similar expressions, we are making forward-looking statements. These forward-looking statements are based upon our present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by our forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond our control. Among others, the forward-looking statements that appear in this Annual Report that may not occur include statements that: • Our expectations about our and the trucking industry's ability to operate through the COVID-19 pandemic and current economic conditions; • The duration and severity of the economic downturn resulting from the COVID-19 pandemic and its impact on us and our customers, suppliers and other stakeholders; • Our operating results for the year ended December 31, 2020, reflect certain improvements over the same period last year. This may imply that we will increase or maintain these improvements and that we will be profitable in the future. However, certain of these improvements resulted from unique items that may not occur in the future. In addition, customer demand and competitive conditions, among other factors, may significantly impact our fuel and nonfuel revenues and the costs of our fuel and nonfuel products may increase in the future because of inflation or other reasons. If fuel gross margin per gallon, or fuel or nonfuel sales volume, decline, if we are not able to pass increases in fuel or nonfuel costs to our customers or if our nonfuel sales mix changes in a manner that negatively impacts our nonfuel gross margin, our nonfuel revenues or our fuel and nonfuel gross margin may decline. In fact, since we became a public company in 2007, we have been able to produce only occasional profits and we have accumulated significant losses. We may be unable to produce future profits and our losses may increase; • Our travel centers have been recognized as a provider of services to essential businesses by many public authorities, which has allowed us to continue operating most of our businesses during the COVID-19 pandemic. This may imply that we will continue to be designated as a provider of services to essential businesses; however, we could lose that designation, which could result in our having to close or reduce operations at certain or all of our travel centers for an indefinite period; • We have commenced numerous initiatives that we believe will improve and enhance our operational efficiencies and profitability, increase diesel fuel and gasoline gross margin and fuel sales volume, increase market share in the truck service industry, improve merchandising and gross margin in store and retail services, improve operating effectiveness in our food service offerings and expand our franchise base. However, we may not be able to recognize the improvements to our operating results that we anticipate. In addition, the costs incurred to complete these initiatives may cost more than we anticipate; • We may not realize the growth in our business that we anticipate. Further, the costs we have incurred in anticipation and in support of, and in preparation for, this anticipated growth may exceed any increased revenue we may realize from any growth we may achieve or the returns on these investments may be less than expected; • We expect to recognize annual cost savings of approximately $13.1 million as a result of the company wide reorganization plan, or the Reorganization Plan. However, we may not realize or maintain the cost savings we expect; • We recognized savings in site level operating expense and selling, general and administrative expense in 2020 as compared to 2019. However, we may not realize or maintain all of those cost savings in the future; • We expect that locations we acquire, develop or renovate will produce stabilized financial results after a period of time following acquisition, development or renovation. This statement may imply that stabilization of our acquired, developed or renovated sites will occur as expected, and if so, will generate increased operating income. Our ability to operate these acquired, developed or renovated locations profitably depends upon many factors, some of which are beyond our control. Accordingly, these locations may not generate increased operating income and we may not realize, or it may take longer than we expect to realize, the returns we expect; 3 Table of Contents • Our belief that, as of the date of this Annual Report, we had sufficient financial resources to fund operations for the foreseeable future. The COVID-19 pandemic has significantly negatively impacted the U.S. economy; if the current economic conditions continue for a sustained period or worsen, our business, results of operations and financial condition may be materially adversely impacted, which may result in our not having sufficient financial resources to fund operations for the foreseeable future; • We plan to continue to invest in existing locations and may invest in new locations.
Load more

Recommended publications
  • The Salute to Women Behind the Wheel Celebrates 5 Years!
    The Salute to Women Behind the Wheel celebrates 5 years! Five years ago the Women In Trucking Association kicked off the first annual “Salute to Women Behind the Wheel.” The goal then, which continues now, was to honor the women who travel the highways as a career. Whether she drives an 18-wheeler or a bus full of children (or tourists), the reason for the Salute is to honor the women who have professional licenses and earn a living while driving. On Saturday, March 29 at 11 am, the celebration will begin in rooms C201-204 (South Wing) at the Kentucky Expo Center in Louisville. Drivers and their families, as well as members of Women In Trucking Association, will have the opportunity to meet with event sponsors, be entertained by Terry Wooley, and enjoy a special birthday cake to celebrate our Salute’s 5th year. The event will also include WIT’s signature chocolate fountain! Attendees can register for the Salute at the WIT booth #40557 in the North Wing Lobby at the show on Thursday or Friday, or outside rooms C201-204 in the South Wing on Saturday. This year’s speaker is Rebecca Brewster, President and COO of the American Transportation Research Institute, who is also the 2013 recipient of the “Influential Woman in Trucking” award sponsored by Navistar. She will be riding to Louisville from Atlanta as a passenger in tractor-trailers driven by our members, Stephanie Klang of Con-way Truckload and Monica Abdul-Rashid of Schneider. She will stop at Nashville TA/Petro along the way and have lunch with her drivers before heading to the Mid- America Trucking Show.
    [Show full text]
  • 2020 Fall Meeting
    TECHNOLOGY & MAINTENANCE COUNCIL’S 2020 FALL MEETING FALL MEETING PROGRAM September 14-17, 2020 TECHNOLOGY & MAINTENANCE COUNCIL 950 N. Glebe Road, Suite 210 • Arlington, VA 22203 (703) 838-1763 http://tmc.trucking.org TABLE OF CONTENTS AGENDAS Monday, September 14 ...............................................................................10 Tuesday, September 15 ...............................................................................10 Wednesday, September 16.........................................................................24 Thursday, September 17 .............................................................................28 Friday, September 18 ..................................................................................31 CONTENTS Associates Advisory Group .......................................................................39 Audio/Visual Equipment & Recordings ...................................................45 Board Nominating Committee ...................................................................38 Board of Directors .......................................................................................34 Schedule-at-a-Glance ..................................................................................4 Chairman’s Remarks .....................................................................................3 Frequently Asked Questions (FAQs) ...........................................................6 Future TMC Meetings ................................................................Back Cover
    [Show full text]
  • Corporate Governance
    SECURITIES AND EXCHANGE COMMISSION FORM DEF 14A Definitive proxy statements Filing Date: 2021-05-19 | Period of Report: 2021-06-30 SEC Accession No. 0001193125-21-165953 (HTML Version on secdatabase.com) FILER Nikola Corp Mailing Address Business Address 4141 E BROADWAY ROAD 4141 E BROADWAY ROAD CIK:1731289| IRS No.: 824151153 | State of Incorp.:DE | Fiscal Year End: 1231 PHOENIX AZ 85040 PHOENIX AZ 85040 Type: DEF 14A | Act: 34 | File No.: 001-38495 | Film No.: 21938362 (480) 666-1038 SIC: 3711 Motor vehicles & passenger car bodies Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material under §240.14a-12 Nikola Corporation (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): ☒ No fee required. ☐ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: ☐ Fee paid previously with preliminary materials.
    [Show full text]
  • Filed Suit in Harris County Texas
    1/23/2018 11:10 AM Chris Daniel - District Clerk Harris County Envelope No. 21995060 By: Nelson Cuero Filed: 1/23/2018 11:10 AM CAUSE NO.__________________ JANE DOE #1 § IN THE DISTRICT COURT § Plaintiff, § § vs. § § BACKPAGE.COM, LLC D/B/A BACKPAGE, § CARL FERRER, MICHAEL LACEY, JAMES § LARKIN, JOHN BRUNST, SCOTT SPEAR, § MEDALIST HOLDINGS, LLC, LEEWARD § HOLDINGS, LLC, CAMARILLO § HOLDINGS, LLC, DARTMOOR HOLDINGS § LLC, IC HOLDINGS, LLC, ATLANTISCHE § BEDRIJVEN C.V., UGC TECH GROUP C.V., § AMSTEL RIVER HOLDINGS, LLC, LUPINE § HOLDINGS, LLC, KICKAPOO RIVER § INVESTMENTS, LLC, CF HOLDINGS GP, § _____JUDICIAL DISTRICT LLC, CF ACQUISITIONS LLC, NEW TIMES § MEDIA, LLC, CHOICE HOTELS § INTERNATIONAL, INC. D/B/A QUALITY § INN, RUTIK, LLC D/B/A PALACE INN, § HYATT HOTELS CORPORATION D/B/A § HYATT PLACE AND HYATT REGENCY, § BALAJI HOTELS, INC. D/B/A SYMPHONY § INN, PILOT TRAVEL CENTERS, LLC D/B/A § FLYING J, FLYING J TRANSPORTATION, § LLC, FINEFAIR, INC. D/B/A PORT AUTO § TRUCK STOP, TRAVELCENTERS OF § AMERICA, LLC D/B/A TA TRUCK STOP § #017, TRAVEL CENTERS OF AMERICA § HOLDING COMPANY, LLC, LOVES § TRAVEL STOPS & COUNTRY STORES, § INC. D/B/A LOVE’S TRUCK STOP #401 § AND LOVES TRAVEL STOP 3940 N § McCARTY. § UnofficialCopyOfficeofChrisDanielDistrictClerk§ Defendants. § HARRIS COUNTY, TEXAS PLAINTIFF’S ORIGINAL PETITION TO THE HONORABLE JUDGE OF SAID COURT: Comes Now, JANE DOE #1 Plaintiff in the above-styled and numbered cause, complaining of BACKPAGE.COM, LLC D/B/A BACKPAGE, CARL FERRER, MICHAEL LACEY, JAMES LARKIN, JOHN BRUNST, SCOTT SPEAR, MEDALIST HOLDINGS, LLC, LEEWARD HOLDINGS, LLC, CAMARILLO HOLDINGS, LLC, DARTMOOR HOLDINGS LLC, IC HOLDINGS, LLC, ATLANTISCHE BEDRIJVEN C.V., UGC TECH GROUP C.V., AMSTEL RIVER HOLDINGS, LLC, LUPINE HOLDINGS, LLC, KICKAPOO RIVER INVESTMENTS, LLC, CF HOLDINGS GP, LLC, CF ACQUISITIONS LLC, NEW TIMES MEDIA, LLC, CHOICE HOTELS INTERNATIONAL, INC.
    [Show full text]
  • 01 TA Petro Hogg
    Supporting Truck Electrification Bus & Truck Working Council Homer Hogg • Director Technical Service • 39 years experience • 29 years with Ryder – Director Maint. • Board of Directors - ASE • ASE Master Tech Certified Homer Hogg Director Technical Service & Co-host of Maintenance Matters 1st & 3rd Thursday on The Dave Nemo Show, Road Dog Trucking SiriusXM Channel 146 TravelCenters of America • 50 year history; publicly traded since 2007. • Operates 301 nationwide full service travel centers and standalone restaurants. • 258 travel centers, under the TravelCenters of America, TA and TA Express, or the TA brand name, and the Petro and Petro Stopping Centers, or the Petro brand name: • 199 leased from Hospitality Properties Trust, or HPT. • 32 owned by TA, including 2 operated by franchisees. • 23 owned and operated by franchisees. • 4 owned by others, including 2 operated for a joint venture. • Average TA / Petro Location: • 25 acres of land. • Parking for approximately 200 trucks and 100 cars. • Fuel: 10 truck fueling lanes, 10 car fueling positions. • Food: table service and quick service restaurants. • Large convenience store. • Truck maintenance and repair facility. • Other driver/motorist services: showers, laundry area, business center, truck scales, video game room, casinos, fitness facilities and Wi-Fi internet access. 3 TA, TA Express, Petro and QSL Geographical Footprint More than 50% of TA’s travel centers are located in the 13 states with the highest concentration of truck traffic. U.S. Freight # of TA / State Activity Rank
    [Show full text]
  • Truck Parking Study Stakeholder Interviews Final 2/16/2021
    Maricopa Association of Governments Truck Parking Study Stakeholder Interviews Final 2/16/2021 Introduction The Maricopa Association of Governments (MAG) has undertaken a study to evaluate truck parking supply and demand in the MAG region. In 2018, the U.S. Department of Transportation mandated the use of electronic logging devices (ELD) as part of the Driver Hours of Service (HOS) regulations. Since these regulations have been in effect, MAG has seen the demand for truck parking increase. The goal of the study is to provide recommendations that will address the truck parking needs including a detailed implementation plan that will serve as a roadmap for the follow-on activities. Industry participation in the study is important in order to include the needs identified by freight industry operators. Stakeholder outreach activities were conducted in order to learn about operating conditions and concerns around truck parking. These activities included a series of interviews which are documented below. The first stakeholder interviews for MAG were conducted in March 2020. Eight in-person interviews and one telephone interview were completed early in the month, before the COVID- 19 lockdown. Ground observation was done in conjunction with the in-person visits in Phoenix. An additional nine telephone interviews were conducted between March and September. The following notes summarize the findings of those stakeholder interviews. Interview participants included operations personnel from supply chain service providers and interested parties in law enforcement and academia. Full truckload common carrier - 4 Independent Owner Operator - 1 Private fleet -2 Rail intermodal drayage - 1 Less than truckload (LTL) - 1 Airport operations -1 Receiving Warehouse/Private Fleet - 1 Law enforcement and public safety -2 University supply chain faculty - 2 As noted, the early round of interviews conducted in Phoenix in March of 2020 coincided with the onset of COVID-19.
    [Show full text]
  • Travelcenters of America Inc
    Use these links to rapidly review the document TABLE OF CONTENTS Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant ​ Check the appropriate box: Preliminary Proxy Statement CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under §240.14a-12 TravelCenters of America Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) ​ Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. ​ (1) Title of each class of securities to which transaction applies: ​ (2) Aggregate number of securities to which transaction applies: ​ (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined) : ​ (4) Proposed maximum aggregate value of transaction: ​ (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
    [Show full text]
  • CORPORATE EQUALITY INDEX 2021 CEI 2021 Table of Contents
    Rating Corporate Workplaces on Lesbian, Gay, Bisexual, Equality Transgender and Queer Index 2021 Equality NEWS CEI 2021 Corporate Equality Index © 2021 by the Human Rights Campaign Foundation. The Human Rights Campaign Foundation owns all right, title and interest in and to this publication and all derivative works thereof. Permission for reproduction and redistribution is granted if the publication is (1) reproduced in its entirety and (2) distributed free of charge. The Human Rights Campaign name and the Equality logo are trademarks of the Human Rights Campaign. The Human Rights Campaign Foundation and design incorporating the Equality logo are trademarks of the Human Rights Campaign Foundation. ISBN-13 978-1-934765-58-6 CORPORATE EQUALITY INDEX 2021 CEI 2021 Table of Contents Rating Workplaces Corporate on Lesbian, Gay, Bisexual, Equality Transgender and Queer Index 2021 Equality 2 Message from the HRC Foundation President NEWS 3 EXECUTIVE SUMMARY 5 Key Findings 7 Equality at the Fortune-Ranked Companies 8 Accelerating Global Equality 10 Spotlight: HRC’s Equidad Programs 13 FINDINGS 14 Criteria 1: Workforce Protections 16 Criteria 2: Inclusive Benefits 17 Continued Need for Partner Benefits 18 Understanding Transgender-Inclusive Healthcare Coverage 19 Criteria 3: Supporting an Inclusive Culture & Corporate Social Responsibility 19 Internal Education and Training Best Practices 20 LGBTQ Employee Resource Group or Diversity Council 22 Outreach or Engagement with the LGBTQ Community 24 Corporate Social Responsibility 25 Spotlight: Equality
    [Show full text]
  • Travelcenters of America Q1 2018
    Refuel. Replenish. Refresh. TRAVELCENTERS OF AMERICA Q1 2018 1 WARNING CONCERNING FORWARD LOOKING STATEMENTS THIS PRESENTATION CONTAINS STATEMENTS THAT CONSTITUTE FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. WHENEVER TA USES WORDS SUCH AS "BELIEVE," "EXPECT," "ANTICIPATE," "INTEND," "PLAN," "ESTIMATE," "WILL," "MAY" AND NEGATIVES OR DERIVATIVES OF THESE OR SIMILAR EXPRESSIONS, TA IS MAKING FORWARD LOOKING STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON TA'S PRESENT INTENT, BELIEFS OR EXPECTATIONS, BUT FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY TA'S FORWARD LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS. YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS. EXCEPT AS REQUIRED BY LAW, TA DOES NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENT AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE. THIS PRESENTATION INCLUDES EBITDA AMOUNTS FOR TA. TA CALCULATES EBITDA AS EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION. EBITDA IS NOT A MEASURE PRESCRIBED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES, OR U.S. GAAP, AND THIS INFORMATION SHOULD NOT BE CONSIDERED AS AN ALTERNATIVE TO NET INCOME, INCOME FROM CONTINUING OPERATIONS, OPERATING PROFIT, CASH FLOW FROM OPERATIONS OR ANY OTHER OPERATING OR LIQUIDITY PERFORMANCE MEASURE PRESCRIBED BY U.S. GAAP. 2 TRAVELCENTERS OF AMERICA Q1 2018 INVESTMENT HIGHLIGHTS Barriers to Entry Right Strategy Commercial Opportunity One of only three nationwide Our full service approach is a Trucking trends present an operators of travel centers in the competitive advantage that opportunity for truck stop United States.
    [Show full text]
  • Who Is Daimler Trucks North America?
    Who is Daimler Trucks North America? Eugene, OR February 27, 2014 Human Resources 1 A Division of Daimler AG Trucks Vans Passenger cars Daimler Trucks North AmericaDepartment 2 Daimler Vehicle Brands & Services DTNA Global Daimler Trucks North America 3 Daimler Trucks History 1896 1923 1926 1942 Gottlieb Daimler creates first First diesel truck: Daimler and Leland James founds the truck. Mercedes-Benz. Benz merge. Freightliner Corporation. 1947 1950 1951 1967 Freightliner opens its first Hyster Company is the first Freightliner signs agreement Western Star founded by truck plant in Portland, private carrier to order a to retail trucks through White Motor Corporation. Oregon. Freightliner truck. White Motor Corporation dealerships. Daimler Trucks North America 4 Daimler Trucks History 1976 1977 1981 1992 Freightliner opens new Freightliner launches an Mercedes-Benz AG Production starts at corporate headquarters in independent network of purchases Freightliner Freightliner’s new truck plant Portland and sets up regional dealerships, and ends its Corporation from in St. Thomas, Ontario. sales offices. agreement with White Motor Consolidated Freightways. Corporation. 1995 1997 1997 1998 Freightliner launches Freightliner acquires Ford Freightliner launches Freightliner acquires Thomas Freightliner Custom Chassis Motor Company’s heavy- SelecTrucks. Built Buses. Corporation and acquires truck business and names it American LaFrance. “Sterling.” Daimler Trucks North America 5 Daimler Trucks History 1998 1999 2000 2000 1,000,000 Daimler and Chrysler merge. The one-millionth Freightliner Freightliner acquires DaimlerChrysler buys Detroit truck is built. Western Star Trucks. Diesel Corporation. 2002 2002 2002 2003 Freightliner starts production Western Star launches Western Star production Thomas Built Buses debuts of the Coronado, the new 4900EX.
    [Show full text]
  • Comdata Networks Litigation Third Consolidated Amended Complaint
    Case 2:07-cv-01078-JKG Document 401 Filed 04/21/11 Page 1 of 58 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA _.... _-- MARCHBANKS TRUCK SERVICE, INC. d/b/a BEAR MOUNTAIN TRAVI~L STOP, MAHWAH FUEL STOP, GERALD F. KRACHEY d/b/a KRACHEY'S UP SOUTH, WALT WHITMAN TRUCK STOP, INC., on behalf of themselves and all others similarly situated, Plaintiffs, v. Civil Action No. 07-1078-.JKG COMDATA NETWORK, INC. d/b/a .JURY TRIAL DEMANDED COMDATA CORPORATION, CERIDlAN Consolidated Case CORPORATION, TRAVEL CENTERS OF AMERICA LLC, TA OPERATING LLC, TRAVELCENTERS OF AMERICA HOLDING COMPANY LLC,PETRO STOPPING CEN'fERS, L.P., PILOT TRAVEL CENTERS LLC, PILOT CORPORATION, and LOVE'S TRAVEL STOPS & COUNTRY STORES, INC., Defendants. THIRD CONSOLIDA'l'ED AMENDED COMPLAINT Plaintiffs allege as follows based upon personal knowledge as to matters relating to themselves, and upon information and belief as to all other matters: NATURE OF THE CASE 1. Plaintiffs, like the members of the class they seek to represent (defincd below), are independent truck stops, T'he majority of the approximately 3,000 truck stops in the United States are run by indepcndent operators ("Independent Truck Stops" or the "Independents"). 'rhe remaining truck stops are owned and/or operated by a small number of national and regional truck stop chains, which are each networks of multiple truck stops either owned by a single entity or lhmchisees of that entity ("Truck Stop Chains" or "Chains"). The Defendants, other Case 2:07-cv-01078-JKG Document 401 Filed 04/21/11 Page 2 of 58 than Comdata Network, Inc.
    [Show full text]
  • The Weight of America's Boards
    THE WEIGHT OF AMERICA’S BOARDS Ranking America’s Largest Corporations by the Governance Capacity of Their Boards 2016 Edition Chicago, Illinois Illustrations: SeanKellyStudio.com An In the Boardroom Publication A Research Report by THE LEADERSHIP QUOTIENT Research Affiliate of Boardroom Consultants blank TABLE OF CONTENTS Overview ............................................................................................................... 1 Introduction ........................................................................................................... 1 Background & Foundation ......................................................................................... 3 Our “Business Acumen Weight” Valuation Methodology .................................................. 4 Quick-Take Analysis ................................................................................................ 5 Current Status of Board Diversity ................................................................................ 8 Appropriate Governance Capacity Guidelines & Ideal Board Weight .................................. 10 Preview of Governance Scores & Companies That Distinguished Themselves ...................... 11 2016 Board Weight & Governance Capacity Observations & Findings ...... 13 Improving Your Governance Capacity Ratings ............................................. 25 Closing Reflections & Official 2016 Board Weight Rankings ....................... 29 America’s Largest Corporations Ranked by Revenue & Market Cap ..................................
    [Show full text]