National truckstop chain Travel Centers of America (TA) said this week that rising revenue from its truck repair shop network helped return the company to profitability in 2002.
National truckstop chain Travel Centers of America (TA) has announced that rising revenue from its truck repair shop network helped return the company to profitability in 2002.
Roughly 145 of TA's 152 truckstops offer preventive maintenance services and light warranty repair work for Freightliner-brand trucks as part of a deal TA made with Freightliner in 1999.
TA CFO Jim George said revenue from its shops increased 10.3% in the fourth quarter of 2002 and 7.9% for the year. That more than offset non-fuel business revenue declines of 4.6% in the fourth quarter and 3.6% for the year, along with a 1% decline in fuel revenue in 2002.
"Fleets are finding that it is cheaper to get preventive maintenance work done on the road rather than deadhead a truck back into their own shop to do it," George commented.
About the Author
Sean Kilcarr
Editor in Chief
Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.