TravelCenters of America Reduces Workforce

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WESTLAKE, Ohio -- TravelCenters of America LLC said that it has reduced the workforce at its headquarters and other locations by approximately 190, or about 8% of its managerial personnel. Similar reductions are expected to be made to its hourly workforce, mostly by attrition, the company added in a statement.

The company in August 2007 had said that it expected to reduce about 100 positions and eliminate about 60 positions at its Petro Stopping Centers LP, which it acquired last May, as part of a reorganization plan, added a Reuters report.

The staffing reductions reflect difficult [image-nocss] conditions in the trucking industry, which represents TravelCenters of America's primary customers. TravelCenters of America said it believes these industry conditions reflect a general slowing of the U.S. economy. The company also said it believes that its business, which services long-haul trucking, may reflect a decline in imports into the country as a result of the weakening of the U.S. dollar's value, which raises the price of imports.

TravelCenters of America has also recently undertaken a complete review of its expansion and development activities. The company said it expects that many of these initiatives will be eliminated or scaled back until industry conditions improve.

Headquartered in Westlake, Ohio, TravelCenters of America operates or franchises a national chain of full-service travel centers in 41 U.S. states and Canada under the TravelCenters of America and Petro Stopping Center brands. With convenient locations on interstate exits, TA offers its customers diesel and gasoline fueling services, full and quick-service restaurants, heavy truck maintenance services, 24-hour convenience stores, WiFi and other services within large, high-traffic facilities.

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