TA/Petro Lays Off 2,900 Field Employees & 122 @ Corporate

Does anyone think they will reopen the restaurants? I don't, because they were already empty of drivers and closing like 10pm to 6am. Remember when they used to have buffet even at TA.

Once your customers(truck drivers) are forced to learn how do without your business. They probably won't come back. Maybe Petro restaurants will open again but I don't think TA will. Those will be layoffs and a way out for TA to close all the restaurants. I can't see driver paying to park and only have showers and convenient store food like hotdogs and candy bars.

 

One bright spot is I saw a Wall Street rag scratching it's head on the valuation of TA. The revenue seems okay, it's profitable, but it's undervalued. Maybe some corporate raiders might sneak in and take it over.

Although their track record is usually to leverage debt, sell off anything not nailed down and shutter the smoking ruin. So maybe that's not a good thing.

Anyway, it would be nice if whoever ends up running the place has a clue about trucking or 24 hour service. Place fills up at 4pm with free parkers and by 10pm all the paid spots too. But the vampire drivers can't get a hot meal at 2-3am.

Actually, considering how many people shut down at 4pm? 2am should be hopping for breakfast! I was in Ohio a few months ago and I had to be at a shipper at 7am. Got up at 5 and the restaurant wouldn't be open for another 3 hours! Who do they think they're serving? The 9-5 commuter? lol.

Truckstop with bankers hours! Ha!