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Travel Centers of America is failing and will declare bankruptcy within five years.

Discussion in 'Truck Stops' started by Deadwood, Dec 17, 2020.

Page 2 of 53
  1. Dec 17, 2020 #11
    xsetra

    xsetra Road Train Member

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    I does look like the same financial path many equity firms carry out with low profit firms.
    Do the buy out, finance as much as possible.
    Withdraw the most funds possible.
    Let the remaining business file bankrupt awash in debt.
     
    xsetra, Dec 17, 2020
    xsetra, Dec 17, 2020
    #11
    Another Canadian driver, slow.rider, Deadwood and 2 others Thank this.
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  3. Dec 17, 2020 #12
    terryt

    terryt Heavy Load Member

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    fake news
     
    terryt, Dec 17, 2020
    terryt, Dec 17, 2020
    #12
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  4. Dec 17, 2020 #13
    Flat Earth Trucker

    Flat Earth Trucker Road Train Member

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    Nov 19, 2018
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    Love's is going to be the biggest and best truck in America because they are no longer selling milk or water by the gallon.

    Like the boiling frog, truckers won't have any noticeable negative reaction to this drinking water price increase.

    Eventually, we can look forward to even smaller water bottles.
    il_794xN.2297400133_el6n.jpg
     
    Flat Earth Trucker, Dec 17, 2020
    Flat Earth Trucker, Dec 17, 2020
    #13
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  5. Dec 17, 2020 #14
    InTooDeep

    InTooDeep Donner party survivor

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    Carmichael CA
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    :biggrin_25514:
     
    InTooDeep, Dec 17, 2020
    InTooDeep, Dec 17, 2020
    #14
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  7. Dec 17, 2020 #15
    Deadwood

    Deadwood Heavy Load Member

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    2,177
    Dec 24, 2016
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    Bain Capital was a perfect example of that.

    Don’t get me wrong, I know why Citibank wants to loan the $200 million. They see huge parcels of T/A land in industrial sections that could be redeveloped and resold.

    In an inflationary environment where the government magically waves a wand and gives every man woman and child in the U.S. $600, hard assets like land and precious metals will hold value. It’s a smart investment from Citibank’s standpoint.

    I hope they considered the money and time it will cost to complete the environmental studies required before they can sell them. In a past life, when I was financing commercial properties, any kind of dry cleaner historically on the property would kill financing. The solvents would have inevitably leeched into the ground and a long, expensive environmental clean up would be required. There’s no statute of limitations on murder or environmental clean up requirements.
     
    Deadwood, Dec 17, 2020
    Deadwood, Dec 17, 2020
    #15
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  8. Dec 18, 2020 #16
    Short Fuse EOD

    Short Fuse EOD Road Train Member

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    You know, when you compare Kwiktrip and Kwikstar to the TA lineup. Wow, TA could learn a lot. I don’t think there’s a better “chain” Truckstop like the larger Kwiktrip and Kwikstars that have all the amenities. The large pizza for 4.99 is better than the 2 slices at pilot. Free parking, clean showers, friendly staff, and some seriously low prices on select items in the store are great.

    The owner of this post did not receive any compensation from Kwikstar or Kwiktrip but encourage compensation to be sent to him.:D
     
    Short Fuse EOD, Dec 18, 2020
    Short Fuse EOD, Dec 18, 2020
    #16
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  9. Dec 18, 2020 #17
    gentleroger

    gentleroger Road Train Member

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    They just need to learn to set up their lots for sight side backing and a route to get back on the scale for a reweigh and they will be a real truck stop
     
    gentleroger, Dec 18, 2020
    gentleroger, Dec 18, 2020
    #17
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  10. Dec 18, 2020 #18
    jason6541

    jason6541 Road Train Member

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    Omaha, NE
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    I like some Petro’s and T/A and fuel at them or mom and pop stops. Usually the more experienced drivers stop at such stops and the mega #### box fleets stick to Loves and pilot. That and not waiting usually for an hour or more for a shower is a plus. Or 45 min to get fuel. Most of the smaller stops have straight diesel and not the watered down bio garbage.
     
    jason6541, Dec 18, 2020
    jason6541, Dec 18, 2020
    #18
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  11. Dec 18, 2020 #19
    scottied67

    scottied67 Road Train Member

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    california norte
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    Not to mention it is like an Olympic judging event in the restrooms as drivers are waiting and watching through the huge 2 inch stall cracks as drivers are wiping. Front to back, back to front, side to side, drivers get the full show as they brush their teeth.
     
    scottied67, Dec 18, 2020
    scottied67, Dec 18, 2020
    #19
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  12. Dec 18, 2020 #20
    Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Anyone that brushes their teeth inside any truck stop is begging for gum disease.
     
    Dave_in_AZ, Dec 18, 2020
    Dave_in_AZ, Dec 18, 2020
    #20
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