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MarketScreener Homepage  >  Equities  >  Nasdaq  >  TravelCenters of America LLC    TA

TRAVELCENTERS OF AMERICA LLC (TA)
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TravelCenters of America LLC : Begins Retread Tire Production with Grand Opening

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07/12/2018 | 07:01pm CEST

TravelCenters of America LLC (“TravelCenters”) (Nasdaq: TA), announced today the official grand opening of the TA Commercial Tire Network Retread Center. Mr. Richard Edwards, Mayor of Bowling Green, and Mr. Barry Richards, President and Chief Operating Officer of TravelCenters along with TA Executive Vice President, Skip McGary presided over the ribbon cutting to officially open the facility located at 522 East Woodland Circle, Bowling Green, Ohio. Members of the Bowling Green Chamber of Commerce, industry and local media and TravelCenters leadership participated in the festivities.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180712005544/en/

TA Truck Service Retread Center (Photo: Business Wire)

TA Truck Service Retread Center (Photo: Business Wire)

Attendees had an opportunity to tour the facility, observe tire retread production and see the capabilities of the OnSITE mobile maintenance truck and the RoadSquad emergency breakdown and repair truck.

The TA Commercial Tire Network Retread Center, which is now open and producing retread tires, is part of the Goodyear Authorized Retread Network. Customer-owned casings can be retreaded with premium performance Goodyear treads, a solution that lowers fleets’ cost-per-mile by lengthening the life of the tires.

“We have a winning combination – a newly renovated facility in a great community, state-of-the-art retread equipment and an operations team with over 150 combined years of expertise in the retread business,” said Barry Richards, President and Chief Operating Officer of TravelCenters. “Now we have the ability to provide a complete tire management system and retread tires for national and local fleets, local industries, regional construction and the agricultural segments.”

The TA Commercial Tire Network Retread Center is a 32,000-square foot retread center that will provide a full line of Goodyear commercial tire retread products – including Goodyear UniCircle retreads – to fleets, local industries and tire dealers within a 150-mile radius of Bowling Green, Ohio. Local customers will be able to purchase Goodyear retread tires, as well as shop a full line of new Goodyear brand tires in the remodeled showroom. Tire inspection and repair services, as well as roadside service, will also be available through the retread center. In addition, numerous TA Truck Service facilities will have access to Goodyear brand retread tires produced at this plant.

About TravelCenters of America LLC
TravelCenters of America LLC (TravelCenters), headquartered in Westlake, Ohio, conducts business in 43 states and Canada, principally under the TA® and Petro Stopping Centers® travel center brands and the Minit Mart® convenience store brand. For more information on TravelCenters, TA, and Petro Stopping Centers, please visit www.ta-petro.com. For more information on Minit Mart, please visit www.minitmart.com.

About TA Truck Service®
The TA Truck Service network includes 244 truck service facilities with 1,090 repair bays, nearly 3,000 technicians with certifications in ASE and TIA, a fleet of more than 2,600 RoadSquad® and third party provider service trucks and over 162 OnSITE™ mobile maintenance vehicles. TA Truck Service is an authorized Freightliner Trucks and Western Star Trucks warranty provider. TA Truck Service is a division of TravelCenters of America LLC. For more information about TA and TA Truck Service, please visit www.ta-petro.com.

About The Goodyear Tire & Rubber Company
Goodyear is one of the world’s largest tire companies. It employs about 64,000 people and manufactures its products in 48 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. Goodyear offers The Total Solution of trusted products, reliable services and fleet management tools; all delivered by a nationwide network dedicated to helping fleets lower their operating costs. To learn more, visit www.goodyeartrucktires.com.


© Business Wire 2018
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Financials ($)
Sales 2018 7 136 M
EBIT 2018 -8,10 M
Net income 2018 -70,2 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 0,03x
Capi. / Sales 2019 0,03x
Capitalization 224 M
Chart TRAVELCENTERS OF AMERICA LLC
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 10,0 $
Spread / Average Target 78%
EPS Revisions
Managers
NameTitle
Andrew J. Rebholz Chief Executive Officer, MD & Director
Barry A. Richards President & Chief Operating Officer
William Earnest Myers Chief Financial Officer, Treasurer & Executive VP
Sean Kubovcik Chief Information Officer & Senior Vice President
Barbara D. Gilmore Independent Director
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